Summary: One of the most important parts of having an investment portfolio is knowing what is in that portfolio. I've seen too many people lose money because they didn't know what they own. You take a look at your statement and you're just clueless. You're baffled. You have no clue. Should that matter? Does it matter? I say yes. I've seen so many people come into my office. They show me a statement. I ask them a basic question, what do you own in your portfolio?
