Thursday, November 23, 2006
Today I fired my financial advisor
At last, I fired my financial advisor and end my investment in Credit Suisse.
This morning, I called my financial advisor. My portfolio in Credit Suisse is of the lowest net return among my investment. At first, I want to discuss about how to reduce my investment risk on this all time highs market. I was expecting her regret on the fault and poor advice she gave me 6 months ago. But I didn't hear anything. As my advisor, she even can't tell what I am holding.... So, my decision is simple.
After I liquidate this investment, I would remain 55% invested.
Next, I have to watch closely the corelation matrix between markets. The economic reason for markets' interrelation flows from the wide substitutability and complementing of goods to consumers and producers. But, even I devoted a lot of time to finding out connections among markets, I don't have adequate tools or knowledge to study them properly.
This morning, I called my financial advisor. My portfolio in Credit Suisse is of the lowest net return among my investment. At first, I want to discuss about how to reduce my investment risk on this all time highs market. I was expecting her regret on the fault and poor advice she gave me 6 months ago. But I didn't hear anything. As my advisor, she even can't tell what I am holding.... So, my decision is simple.
After I liquidate this investment, I would remain 55% invested.
Next, I have to watch closely the corelation matrix between markets. The economic reason for markets' interrelation flows from the wide substitutability and complementing of goods to consumers and producers. But, even I devoted a lot of time to finding out connections among markets, I don't have adequate tools or knowledge to study them properly.
# posted by Lobo @ 12:41 AM 
