”Ladies lie, males lie, however numbers don’t” -- Hip Hop mogul Jay Z, a.okay.a Sean Carter.
”Ladies lie, males lie, however numbers don’t” — Hip Hop mogul Jay Z, a.okay.a Sean Carter.
It would not get extra primary than the quote above and the implication of how simple numbers will be. However that does not imply those that fiddle with numbers, comparable to funding cash managers, will not provide you with excuses for absolutely anything they imagine will stick. I will increase on that in a second.
With all three main indexes poised to finish 2019 at close to all-time highs, the returns in your funding portfolio ought to be — not less than — within the high-single to double-digit share level vary. For those who’ve earned 14% in 2019, which is about half the returns of the S&P 500 index, it’s a stable return. However you’d have nonetheless underperformed the 28% rise to the S&P 500 index or the 24% rise of the Dow Jones Industrial Common. If, nevertheless, your 2019 returns are within the single-digit territory, your cash supervisor ought to be fired. And in case your cash supervisor is you, nicely … listed below are three causes to contemplate letting another person do it.
Motive #1 – “It was not my fault”
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