Invariably when I start talking to people about their financial health, most people within the first few minutes want to know the next big “Investment Idea”. Some of these people are smart investors have collected a lot of money but still are always looking for that one tip which can make them money faster. All they ever get from me is “It Depends”… I don’t make a lot of friends with my answer but I am sure I do not have enemies due to my wrong advice.
I am not sure how many of us want our doctors to prescribe medication without listening to our symptoms. I believe that my Financial Plan is like my medical prescription – it is specifically made for me based on my symptoms.
Depending on how interested you are in the financial planning subject, the time available with you – you could either write this down on your own or have someone write this for you. But do spend the time and energy to understand where you are, where you want to go, what your risk profile is and yes then we can talk about investments.