This morning I set out to create an Investment Policy Statement for myself. 6 hours later I emerged with a 5 page monstrosity detailing how to decide what to buy, when to buy, how much to buy, when to sell, and how I expect my portfolio to evolve over time among other things.
It was asked a few months ago if anyone here had an IPS and the responses were really short sets of guidelines. Even the boggleheads examples are really short in comparison. I'm thinking that being thorough is good because I'm less likely to get myself into trouble and there should be less question about what to do if things go south. However, I also feel like I might be reducing my adaptability to new situations.
Do you all have any thoughts about this? Is there anyone else here that has a stupidly long IPS?
Submitted April 08, 2017 at 04:04PM by loaengineer0 http://ift.tt/2ocKjsM
