Most people I meet have what I call a "last good idea" portfolio.
They have a collection - usually built over many years - of random investments that were the "last good idea" they (or their broker/advisor) had heard or read about at the time.
This is closer to collecting than investing and is a recipe for trouble with regard to portfolio management and planning for future goals. And on top of all this, included in these "collections" are often investment products that are riddled with fees and/or illiquid and/or unnecessarily complex.
Are you investing or collecting?
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