Summary: What do you think the midyear outlook for the market is? Greece is all over the news (What is it with Greece, anyway?), markets in China are crazy and here in the U.S. everyone is freaked out about when interest rates will rise. What is an investor to do?<br> In this episode, we’ll discuss the midyear outlook for the markets as well as the importance of managing your assets in a consistent well thought out way.<br> Your Investment Assets Should Be Aligned with Your Financial Priorities.<br> All too often, we collect investments over time just like we collect “stuff” in our closet. As we walk through life, we see an interesting investment, buy it and repeat again and again. Over time, many end up with an investment portfolio that looks more like a storage closet than a well structured portfolio laser focused on helping achieve goals.<br> Over the years, I’ve seen some horrendously constructed portfolios (by advisors as well as individuals). I recall one IRA that had over 45 different managed portfolios! All actively managed by an advisor. Geez!!!<br> Collected portfolios pose some serious risks to your long-term investment experience. Such portfolios make it very difficult to evaluate:<br> <br> * the individual and the aggregate risk you’re taking;<br> * whether each manager is performing adequately;<br> * the appropriateness of the fees you’re paying;<br> * whether you’re portfolio allocation is aligned with your family’s priorities.<br> <br> Much better, in my opinion, to have your portfolio and your balance sheet laser focused on helping you achieve things you know you care about. In short know:<br> <br> * what you own;<br> * why you own it;<br> * how to evaluate it;<br> * how it helps position you to achieve your family’s priorities.<br> <br> It is Essential That You Stick with ONE Well Thought Out Investment Process.<br> This is such an important point I need to do an entire show on it. If you switch from process to process you really don’t have any process at all. This can be DISASTROUS to your long-term performance.<br> Decide on a well thought out strategy and stick to it. Stick to it even when it feels uncomfortable; especially when it feels uncomfortable.<br> Stay tuned for a future show focused on investment process.<br> Highlight’s From LPL Financial’s Midyear Outlook<br> In this week’s episode, I speak with LPL Financial’s Anthony Valeri, C.F.A. about LPL’s midyear outlook for the world economies and markets. Anthony and the entire LPL team are sharp cookies. More importantly though, because LPL does no investment banking or selling of proprietary products, their investment opinions are not tainted by the normal conflicts of interest you see at major firms.<br> Anthony is a Senior Vice President, Investment Strategies and sits on LPL’s tactical allocation committee.<br> <a style="" href="https://rogerwhitney.leadpages.co/leadbox/1409ab1f3f72a2%3A14add4d53b46dc/5710758973276160/" target="_blank">Get LPL’s Midyear Outlook for Investing</a><br> <br> <br> * The economy has helped deliver six consecutive calendar years of positive returns for stocks since the end of the 2008 – 2009 Great Recession, as measured by the S&P 500 Index; however, constructing a strategy for the remainder of the economic e...
