Wednesday, November 5, 2014

What is a Large loss for You?

This is very simple to determine...Say you are a married couple..Each get out a blank piece of paper....Imagine the following....your financial advisor calls and he says that you have suffered a large financial loss in your investments...On the piece of paper, put the dollar amount of the loss..Do not consult your spouse...do not look on the others piece of paper....Then when the financial advisor says, turn the papers up... Couples will notice some differences...Talk about it. As a couple it is important to create a profile of what your risk profile is TOGETHER as well as separately.

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