Why an advisor makes a difference in net returns over DIY investors
It’s a common question in recent times, especially in an age when technology and algorithms can make decisions at a fraction of the cost. Is it worth it to hire a financial advisor? Or is it better to save the fees and go for a DIY strategy?
It depends who you ask but there are many – often not so obvious – factors that could make a difference to your net returns when putting your trust in a financial advisor.
Proper financial planning goes beyond how and where you invest. Good financial planning can increase your standard of living throughout your life.
Even for a complete novice it is possible to start investing in products without the help of professionals. The problem with this option is the lack of knowledge. Knowledge is crucial when it comes to investing. Read more 
Replace bad financial habits
Most people have at least one bad financial habit. Whether it’s impulse shopping, forgetting to pay bills on time or putting off building that emergency fund balancing what you want to do and what you “should” do is never easy.
You might recognize a few of these common bad financial habits in your life:
- Paying bills after the due date
- Paying only the minimum required on bills
- Ignoring bills and letting them go to collections
- Putting off saving for retirement or a rainy day
- Impulse shopping or “retail therapy”
- Not keeping track of how much debt you have
- Taking on debt to pay for something you don’t currently need.
DM Monthly Newsletter – March 2017
Parting with a Portfolio Favourite – Though we regularly rebalance equity mandates – trimming names that we feel have gotten ahead of themselves and adding capital to those whose price is temporarily under estimating fundamentals – we don’t frequently sell positions outright. After extensive research and time spent with management, our goal is always to let value compound over as long a period as possible.
Click here to read more: DM-Monthly-Report-March-17
Provisus Monthly Insight – March 2017
CANADIAN STOCKS IN GREAT SHAPE – Why are investors still waiting for a correction? Some investors would like to see a pullback to cool off the white hot equity markets, but they may have to wait a little longer. This is because without a yield curve inversion there will be no correction. This mantra remains as true today as it did 47 years ago. The yield curve is one of the most reliable economic indicators and one that savvy market watchers always keep on their radar. Sure this bull market may be long in the tooth, but the Canadian stock market just reached its first all-time high since 2008.
Click here to read more: Monthly Insight – March 2017 – Canadian Stocks in Great Shape
