David Fleer
Bristlecone Value Partners, LLC
12301 Wilshire Blvd., Suite 320
Los Angeles, CA 90025 USA
Work 1-877-806-4141
www.Bristlecone-VP.com


Monthly Digest – February 2013

February 21st, 2013

Investment Performance and the pitfalls of picking the right benchmark

When meeting with prospective clients, we are regularly asked whether our clients’ portfolios are beating the stock market. People are often surprised to hear us answer that we work very hard at making sure that our clients don’t pay too much attention to the market.

Consider two hypothetical clients:  John, a 35 year old single man making $250,000 a year; and Mary, a retired widow living off her portfolio to complement her social security benefits. Why should either of them necessarily care about exceeding the performance of the same biggest 500 companies in the US? Read the rest of this entry »

linkedinmail
powered by  Advisor Designs - Web Designers for Financial Advisors