The asylum that is the changeroom at my local gym shouldn't be your choice of venue for a portfolio evaluation. A free lunch is always deferred indigestion. A 'formal chat' between a PT [personal trainer] and his 'financial advisor' client [FAC] proves perhaps the old adage that you usually get what you pay for...
[FAC]: Lose half the tom in this small cap fund and reinvest in the TOP20. This 'mix' looks wrong to me, brother.
(a gut-wrenching 30 sec pause holds us in animated suspense mid-floss. The 'bells ringing' signs are off...)
[PT]: Why?
(Relegating risk / return analysis and the other mundane tools of our trade to the soiled-towel bin, the FAC replies..)
[FAC]: Small caps don't have the balance sheet to weather this downturn.
(Brilliant...The PT appears noticeably warmed & fuzzy; his everest conquered..)
[PT]: Okay
(Entrar a matar!!)
[FAC]: ZAR's weakening too.
(Isn't life great?)
[PT]: Okay.
'Odds-on' the PT will grow old in that gym....?
Ask the right questions, at the right time, in the right place and from the right people!! It's your money............chom.
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