HOW DO YOU MEASURE SUCCESS?
By: Tim Butt
As an investor, how do you measure success when it comes to your investments? Do you have defined criteria and objectives for the short-term and long-term? How do you determine whether the value of your investments or portfolio are earning their fair share and on the right path to achieve your financial goals and retirement needs?
“The beginning of knowledge is the discovery of something we do not understand.”
– Frank Herbert
Before I list a few ideas how we at The Self Empowered Investor measure investing success, I’d like to share how my investment journey began. I think you’ll find it of interest and might even find some similarities with your investment experience.
When I started investing in 1982, I never gave the above questions any thought. I was taught that all I had to do was start young, contribute on a consistent basis, choose ‘solid’ investments and then…the promise land awaited me at retirement. Something changed however along my investment journey that no one had taught me about or how to deal with it. … READ MORE