Last week we explored Quadrant #1 of Saving, or Personal Vision. This week we take the next step beyond vision to build a portfolio that attempts to bring the vision to life… at some point in the future.
This is what “Quadrant #2 of Saving” is all about: Building a Portfolio.
Unfortunately, this step is often mistakenly addressed first (prior to the vision step) by investors and less-qualified advisers alike. Why? Because the portfolio is the part everyone likes to talk about! Of course, the portfolio is essential; but success depends first on Quadrant #1 and addressing the “Commonly Overlooked” items (see last week’s edition). A plan must be in place to build the savings that go into the portfolio — no savings, no portfolio. Continue reading “Quadrant #2 of Saving: Personal Vision”
