Rebalancing forces the investor to do what is typically emotionally uncomfortable but financially productive. Emotional biases tempt us to chase performance. An advisor can bring an objective third party perspective that's more rational.
More Quotes from John Nersesian:
The first question I ask an advisor is, 'What are you saying now when someone asks you what you do' Oftentimes the advisor says 'I am a vice president with x brokerage.' This is too generic, and it's not client-centric.John Nersesian
Rebalancing doesn't work every time. It works over time.
John Nersesian
We think the concern is well-founded, and that's not based on a prediction that inflation will be higher in the future, but we find that the impact of inflation is often underestimated in the planning process. Small numbers have a big impact over longer-term horizons.
John Nersesian
If I want to build wealth to transfer to the next generation, I can let it grow on a tax-free basis.
John Nersesian
Congress can address that dilemma, or growing probability of AMT exposure, by passing legislation that retroactively reduces that bite, and it would probably be as simple as maintaining or increasing the exemption amount.
John Nersesian
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Based on Topics: Performance QuotesBased on Keywords: biases, rebalancing
All lies and jests, still a man hears what he wants to hear and disregards the rest.
Paul Simon
As a rule, I am very careful to be shallow and conventional where depth and originality are wasted.
Lucy Maud Montgomery
The party has to be much more. It has to connect in a real way with rank-and-file members and be their voice.
Wes Boyd