2. Consider finding a fee-based investment advisor who uses a facts-based methodology and has a track record indicating those kinds of returns. For example, in my own practice I used a trend tracking approach to get my clients into the market on April 29, 2003. Plus, our research and homework led us to recommending funds that gained anywhere from 11.50% to 22.00% over the following 6 week period. How did you do during that time? Do you think any of my clients care whether one of these funds has a small 12b 1 charge? Or whether they have the lowest expense ratios in the industry? I know they don't.
Although it's true that, at the top level, investments may run into many millions, it is possible for the average person in the street to invest smaller amounts of money and to invest it wisely. If you've ever thought about trying to help your money to grow, then maybe you've wondered what opportunities are available.
Well, this is said and emphasized for a very important reason. These short term and long term goals help define how you will run your business, how much time you will need to spend, and what you expect to accomplish. They are the cornerstone of running your business.