Mow would you describe an ideal investor or client?
An ideal investor does five things:
1. Is willing to invest without procrastinating.
2. Consistently adds to his/her account.
3. Communicates clearly his/her risk tolerance, and has reasonable expectations.
4. Expects the market to fluctuate, and takes advantage of any fluctuations via dollar cost averaging.
5. Doesn't get discouraged when things get tough. That means having the long-term perspective to ride the ups and downs of the market, and doesn't sell at the first down-turn.
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Friday, March 20, 2009
Brokerage Firm - Question 30
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