As an investor, the most important piece of the investing puzzle to you personally, is probably asset management.
Am I right?
Sure, finding the right deal and ROI are important, but what could be MORE important than how your portfolio is managed?
That’s a pretty tall order, considering what’s at stake.
How do you find the right company to take on this responsibility?
You need to have clear expectations. Will you get a written plan? Will they recommend any specific investments? Will they help develop a personalized strategy?
Nobody does everything, so ask. Will they invest with discretion? Who will actually be making the day-to-day investment decisions?
What conditions influence this decision? What is the turnover rate?
Do you strictly adhere to a strategy, or do you make adjustments? How much is determined by you vs. a risk analysis?
It literally does no good to get involved with someone who cares for their customer less than they care about their own interests.
It is a very good sign that you have found the right company, when they “put their money where their mouth is”.