Are you ready for some advice?

Do you recognize the symptoms of portfolio paralysis? If you see yourself in any of the scenarios listed below, this may be your wake-up call for finding a financial advisor to help you get back on top of your game.

Do you recognize the symptoms of portfolio paralysis? If you see yourself in any of the scenarios listed below, this may be your wake-up call for finding a financial advisor to help you get back on top of your game.

Are you paralyzed by information overload?

News, information and opinion about business and investing have exploded in recent years. Newspapers, business television and the internet are valuable sources of information and opinion. But investors can overload on a steady diet of spectacular events that roils the markets. The confusion and noise has a tendency to reveal the speculations in the market but tend to obscure the investment opportunities that might exist. As a result, you sit waiting for an all clear signal.

Are you unclear about the strategic direction of your investment portfolio?

There are now many competing investment strategies and ways to achieve your financial objectives. Some carry a high-risk premium, others promise safety but modest returns. Which approach suits you and will satisfy your long-term goals? In today’s market, it’s easy to lose your perspective. When that happens, bad decisions follow.

Do you feel you don’t have the time to invest wisely?

As we get older, we discover that managing a growing investment portfolio is hard work and requires more and more of our attention. Particularly in today’s markets, identifying investment opportunities requires research and doing our homework. It often involves time we don’t have to give. So instead, your portfolio doesn’t get the attention it requires and that you deserve.

Is investing a regular source of worry?

The goal of investing isn’t to be in a constant state of surprise, fear or anguish. Such emotions shouldn’t be reasons to put your portfolio under the covers. Getting a good night’s sleep is a legitimate objective of good financial and investment planning. Intelligent investing is a process of identifying and quantifying the risks associated with an investment. In that way, we can anticipate the unexpected and turn it into a manageable situation. Worry and fear of surprise are indicators that your tolerance for risk isn’t in balance with your investments.

If any or all of the above situations sound familiar and have frozen your investment portfolio then it’s time to seek an investment advisor to help you get redirected in the market. There are few investors who feel confident to go it alone in today’s markets. Finding a financial advisor you trust will get back your perspective with a strategy that works for you in today’s markets. If you feel that you’ve been pulled over on the side of the road long enough, an advisor can help review your current state of affairs and recommend an investment road map that will get you back on the road.

 

 

 

Judy Poole is a financial advisor with Raymond James, and has spent the last 39 years involved in the financial industry. You can reach her at judy.poole@raymondjames.ca. This article is provided as a general source of information and should not be considered personal investment advice.  The views expressed are those of the author and not necessarily those of Raymond James Ltd.    Securities offered through Raymond James Ltd., member – Canadian Investor Protection Fund. Financial planning and insurance offered through Raymond James Financial Planning Ltd., not a member – Canadian Investor Protection Fund.

 

 

Just Posted

Geordie Fife exits the dunk tank during 2017’s Discovery House Father’s Day festivities at Skaha Lake Park. The fundraiser helps raise awareness of the work done at the house and break down the stigma associated with addiction. (Western News File)
Discovery House Father’s Day fundraiser goes digital

The addiction recovery program will be rolling out videos ahead of the fundraiser

The proposed design of the five-storey building on Front Street. (City of Penticton)
Five-storey building proposed for Penticton’s Front Street

It will be the second time the proposal will head to council

“65 years, I’ve carried the stories in my mind and live it every day,” says Jack Kruger. (Athena Bonneau)
‘Maybe this time they will listen’: Survivor shares stories from St. Eugene’s residential school

Jack Kruger, living in Syilx territory, wasn’t surprised by news of 215 children’s remains found on the grounds of the former Kamloops Indian Residential School

RCMP thanked the public for assistance in finding Benjamin Archie, last seen in Princeton. (RCMP)
Missing Chilliwack man found safe and sound

The 80-year-old had walked away from his home in Chilliwack

57-year-old Kathleen Richardson was discovered deceased in her home Wednesday, June 9, 2021. Her death is considered a homicide and connected to the slain brothers found on a Naramata forest road. (Submitted)
Naramata community in shock as condolences pour in for homicide victim Kathy Richardson

Richardson was well liked in the community, a volunteer firefighter with a home-based salon

At an outdoor drive-in convocation ceremony, Mount Royal University bestows an honorary Doctor of Laws on Blackfoot Elder and residential school survivor Clarence Wolfleg in Calgary on Tuesday, June 8, 2021. THE CANADIAN PRESS/Jeff McIntosh
‘You didn’t get the best of me’: Residential school survivor gets honorary doctorate

Clarence Wolfleg receives honorary doctorate from Mount Royal University, the highest honour the school gives out

Two-year-old Ivy McLeod laughs while playing with Lucky the puppy outside their Chilliwack home on Thursday, June 10, 2021. (Jenna Hauck/ Chilliwack Progress)
VIDEO: B.C. family finds ‘perfect’ puppy with limb difference for 2-year-old Ivy

Ivy has special bond with Lucky the puppy who was also born with limb difference

A million-dollar ticket was sold to an individual in Vernon from the Lotto Max draw Friday, June 11, 2021. (Photo courtesy of BCLC)
Lottery ticket worth $1 million sold in Vernon

One lucky individual holds one of 20 tickets worth $1 million from Friday’s Lotto Max draw

A logging truck carries its load down the Elaho Valley near in Squamish, B.C. in this file photo. THE CANADIAN PRESS/Chuck Stoody
Squamish Nation calls for old-growth logging moratorium in its territory

The nation says 44% of old-growth forests in its 6,900-square kilometre territory are protected while the rest remain at risk

Flowers and cards are left at a makeshift memorial at a monument outside the former Kamloops Indian Residential School to honour the 215 children whose remains are believed to have been discovered buried near the city in Kamloops, B.C., on Monday, May 31, 2021. THE CANADIAN PRESS/Darryl Dyck
‘Pick a Sunday:’ Indigenous leaders ask Catholics to stay home, push for apology

Indigenous leaders are calling on Catholics to stand in solidarity with residential school survivors by not attending church services

(Heather Lueck image)
Crash north of Enderby knocks out power, slows Highway 97A traffic

A witness captured footage of a medical helicopter landing at the scene

The RCMP presence in Central Okanagan public schools is being reviewed by the board of education. (File photo)
RCMP presence welcomed in Central Okanagan public schools

Staff survey feedback overwhelmingly positive from students, staff and parents

Most Read