Who has time to really understand their investments? After all isn’t that the reason most investors outsource their investment decisions to a financial advisor? Taking the time to learn the market is a vocation in itself. But if time is money, then knowing why you bought what you bought is a good part-time job to pursue. After a market correction, there always seem to be a few brave investors that dig deep into their portfolios to examine what they own. Often-too often-they are surprised to discover after educating themselves that they should never have invested in the financial product they bought for their portfolios and retirement plans. Content: Many investors may have complex mutual and electronic traded funds allocated in their retirement holdings that are too risky based on their risk tolerance. Undergoing a risk-assessment test can be a first step in building a financial profile. If your psychological profile just can’t handle the wild swings of the market, a 20-year time horizon may not be able to bring solace to your frayed emotions. You may have to seek out lower beta-risk products. Sometimes it’s not a matter of risk, it’s a matter of costs. Some investors have no idea   Read more…