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Funds 509: Refining Your Portfolio

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1.
What kind of organizations would you consult to find out whether a prospective financial advisor has ever been subjected to disciplinary action?
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Regulatory organizations. Regulatory organizations--whether professional or governmental--can tell you whether your candidate has ever been disciplined.
2.
To determine how profitable a company is, examine its _______.
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Return on assets. Return on assets, or ROA, is a key measure of how well a company uses investors' money.
3.
What should we do when we go through a new life stage?
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Re-evaluate our financial plans. Our financial plans may or may not need to change. But one thing we must do is re-evaluate those plans--otherwise, we won't know whether they need to change at all.
4.
To determine how quickly a company is growing, examine its _______.
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Sales growth. Compare a company's sales growth with those of other companies in the same sector. Examine whether sales growth is speeding up or slowing down, as well as how consistent growth has been.
5.
After a major life event, you should _______.
Choose wisely. There is only one correct answer.
Re-evaluate your investment goals and risk tolerance. Not every life event has to trigger changes for every investor's portfolio. But we should all re-evaluate our financial plans as we pass through a life stage.