Avoid Massive Investment Mistakes by Using an Investment Policy Statement (IPS)

Decades of hard work and savings can be wiped away with one bad investment decision. Don't believe me? Just ask this guy: "I took out a $75,000 mortgage, put it all in bitcoin (at $19,442) and right now I have $48,639 left!!! WTF!!! DO I SELL OR KEEP HOLDING!?!?!" (Twitter, December 21, 2017) If you have any amount of money invested in stocks and bonds (or a home you are tempted to leverage), you need something to protect you from making catastrophic mistakes. That's where an Investment Policy Statement (IPS) comes in. An IPS: Dictates how your money is going to be invested Prevents your financial advisor from going rogue with your money Protects you from yourself if you manage your own investments Learn more about Investment Policy Statements, what they are, how to create one, and what information should be included in this weeks podcast episode. Thanks for Listening Be sure to subscribe on iTunes , Stitcher , Spotify , Android , or wherever you get your podcasts. And feel free to drop us a line at podcast@youstaywealthy.com DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in rendering legal, financial, or other professional services.