For those of you with managed accounts/pwm investments…How are you investing?
I’m a first year analyst in IB who inherited a Citi PWM managed account from a family member who recently passed. My current investment objectives on the account are set as a 4-6 time horizon, moderate risk tolerance, and income & growth as the objective. 93% of my portfolio is in ETFs with iShares TR Russell 1000 being a 1/3 of the portfolio value. I’m thinking about increasing the risk and growth since I’m only 22 and would be interested to hear about others who are in a similar situation. Thank you in advance.
Based on the most helpful WSO content, here are some insights and considerations for your situation:
Time Horizon and Risk Tolerance:
Current Portfolio Composition:
Potential Adjustments:
Behavioral Considerations:
Long-Term Strategy:
By considering these points, you can tailor your investment strategy to better align with your age, risk tolerance, and financial goals.
Sources: Life as a Top Asset Manager, How Would You Invest $1 Million Today?, Personal Investing: 4 Reasons Why 3 Funds Are All You Need, Fork in the road: Career path in Asset Management, Why doesn't everyone invest in index funds?
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