Rule #3: My Investments Should Be Completely Transparent

Transparency has risen to the forefront of investment language over the last 2 years. Recent events on Wall Street have highlighted what it means to be not transparent. Transparency means you can look into the inner workings of what you own and understand the small particles. For example, with a mutual fund, you can review the annual or quarterly report or get an online statement that enables you to see the individual positions within the funds. With an investment manager, you can look at the actual securities. It’s not a piece of paper that says you have $100,000 in XYZ Fund and that’s it. You can view the details. The reporting of the assets should come from a third-party source and ...

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