3 investing mistakes I see over and over as a financial planner - Business Insider

This expense is not debited from an account like the investment advisory fee. Instead, a vehicle's investment return is already net of its expense ratio. Expense ratios vary widely — actively managed funds generally have higher expenses than passively managed funds. Depending on their own preferences, investors have to make a decision on whether higher expense ratios can be justified for usage in their specific portfolio.

Over a long-term period, higher costs can be very detrimental to the success of an investment portfolio. I believe individuals need to make sure that whatever fees they pay are justified by the value received from their advisor.Basically, asset allocation is how an investor diversifies their money across different investment categories. Each individual investor has their unique preferences and circumstances so there is no right or wrong way to approach this decision.

Take the following example. Bob, age 42, is an engineer who wants to work for at least another 25 years. He wants to aggressively grow his investments. Bob hires Mary to manage his Individual Retirement Account and indicates to her that he has a high risk tolerance. She reviews his current portfolio and notices that the asset allocation is too conservative to attain Bob's stated goals.

One example of a potential opportunity to lower taxes that individuals might miss is asset location. An effective asset location strategy starts with understanding the tax treatment of different investment types. Next, a determination has to be made on what type of account should hold the investments. As with many investment decisions, the most optimal location for specific assets depends on an individual's financial situation., a fee-only comprehensive financial planning firm.

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Also, are they a fiduciary.

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