Michael Farrell, Managing Director of SEI Private Wealth Management, recently spoke with U.S. News & World Report about goals-based investing and how it supports a more stable and productive investment portfolio strategy.
In “You’re Measuring Investment Risk and Success Wrong,” Michael explains that some investors can become so focused on competing with a benchmark that they lose sight of why they are investing in the first place, failing to grasp how they are actually doing. "People invest so they can make specific things happen in their lives, and that's the standard we should measure risk and success by," he says. "If you can’t buy that dream home or get the monthly check you need in retirement, what does it matter if you’re beating the market?"
Read the article: You're Measuring Investment Risk and Success Wrong.
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