Should You Hire a Portfolio Manager or Manage Your Own Investments?

Posted by Chalten Fee-Only Advisors LTD. on October 4th, 2021

It’s a common dilemma amongst new and even seasoned investments – should I hire a portfolio manager in Vancouver or should I just manage my investments myself? The answer could affect the growth of your investments, so weigh down your options carefully and determine the best way to achieve your financial goals.

Are You Reaching Your Goals and Projected Income?

It’s good to look at your current financial standing and see where you are at. They say compound interest works but it only does if you let it work. If you are not doing the right strategies to multiply your investments, you are letting precious time pass by – time where your money could be earning you more.

Novice investors can take advantage of the time by hiring a portfolio manager in Vancouver to manage their investments.

Are You Sticking to a Good Investment Plan?

Do you even have an investment plan in the first place? If you don’t have an investment plan, you might not be able to maximize your full potential to earn money from your investments. And even when you have an investment plan, make sure you stick to it. There are times when as an investor, you might make bad financial choices. A portfolio manager in Vancouver can hold you accountable and can help you stay in your financial plan. That way, you don’t end up wiping out your portfolio.

But in addition to that, your portfolio manager can help reassess these investment plans and help you make changes along the way so you can make the most out of them.

When Was the Last Time You Executed a Financial Plan?

There are times when we sit on the fence and wait for the “right time” to execute our investment plans. With the help of a portfolio manager in Vancouver, these plans can seem executable.

Do You Have Enough Time to Monitor Your Investments?

While investments are usually passive, they still need a lot of active time and effort to monitor to make sure that you are maximizing them and you will be able to cut your losses when needed. If you still have a full-time job and you have other things to attend to, it\'s best to let professionals such as portfolio managers handle this part.

Finding a good portfolio manager such as Chalten Fee-Only Advisors is important. Choose one that is a reputable and trusted name in this industry. You can get recommendations from people who have tried their services in the past.

Check their credentials and expertise and make sure they will listen to your needs and preferences. Find out how much time they can devote to your portfolio so you know if they will be able to render the services that you need.

Luis Stevenson is the author of this article. To know more about Financial Manager in Vancouver Please visit our website: chaltenadvisors.com