Don’t let conventional wisdom damage your unconventional wealth. Conventional advice may be harmful if you’ve accumulated significant wealth.Avoiding critical mistakes in wealth management, advisor selection, asset allocation, and family communication is key.Working with a trusted advisor in a collaborative wealth management environment is crucial.“Subtract your age from 100 to get your target stock allocation.
Learn more about Sharpe ratios, beta, standard deviation, and other investment terms.The Sharpe ratio measures a security’s risk-adjusted return.Beta measures the volatility of a security relative to a relevant benchmark index.While these measurements can be hard to understand at first, they are important tools for comparing potential investments.Are you confused by some of the terms analysts use to quantify risk and performance? Here’s a quick guide to some of the most common measurements.
Learn about the investment strategy that uses options to preserve or “lock in” profit on your stock while allowing you to benefit from additional upside gains.The use of collars can be an effective tool to preserve a range of value and manage risk on your stock holdings.It can also be an alternative to selling the stock and currently recognizing taxable gains.