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Article: Investing For The Future; By James MacPherson What can advisors do when the old rules no longer apply?(Managed Money)
- Article from:
- On Wall Street
- Article date:
- September 1, 2009
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Much has happened in the financial markets in the past 20 months. Many investors and financial advisors are shell-shocked. Some of the investment principles we have all learned and practiced successfully no longer seem relevant. What new principles may come out of the downward market spiral we have just experienced and may continue to experience?
First, your clients need to have an objective, clearly defined and disciplined method of investing-their investment plan. Investors and their advisors should work on short, medium and long-term investment goals with concern for moderating the risks of the investor's portfolio for each of those time horizons.
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