Portfolio Investing: Do You Know Where you are Right Now vs. Where You’re Headed?
Submitted by Wealth Manager Group - Providing Clarity in a Complex World on February 22nd, 2016
CEOs do it’ athletes do it; in fact, anyone who needs to be able to achieve a certain level of performance in order to achieve a specific goal constantly assesses where they are in relation to where they want to be. This is to ensure that available resources are being utilized optimally at all time. It may seem OK to overshoot the goal, but if resources are being utilized in the wrong way – too inefficiently, too costly, too risky (or not the right kind of risks) – it will likely undermine the long term prospects of achieving it. And, you certainly don’t want to undershoot the goal because that could be disastrous. A gap analysis, a sort of snap shot of your current situation, will tell you what adjustments need to be made in your plan to get you on track.
