According to studies published every year, without a trusted adviser as a sounding board to lean on, our own behaviour and biases will lead us to sabotage our plans because of our reactions to events, fear, news and market “noise”.
“The investor’s chief problem, and even his worst enemy, is likely to be himself” – Benjamin Graham, legendary investor and mentor to Warren Buffett (1973).
The value to my clients is about 50% financial planning and about 50% behavioural coaching at critical market turning points counselling them to avoid doing the wrong thing at the wrong time for the wrong reasons. Everything else is a refinement.
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