The Family Office Sherpa Family Office Investments - Managing Uncertainty & Fear
6 snips
Apr 14, 2025 Fear can paralyze investors, but family offices can build resilient structures to thrive in uncertainty. The importance of having a well-defined investment policy statement is highlighted, offering a roadmap during market turbulence. Patience emerges as a superpower, enabling families to navigate volatility effectively. Reliable advice and robust decision-making processes are crucial, alongside strong risk management practices and accurate reporting. Ultimately, it's about finding stability and clarity in an unpredictable financial landscape.
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Investment Policy as Compass
- Create and maintain an investment policy statement (IPS) and a clear purpose document.
- Use these as a compass during volatile times to stay focused and consistent.
Lean on Trusted Advisors
- Seek good advice across asset classes from trusted advisors.
- Engage frequently with advisors, especially during market volatility, to understand exposures and strategy.
Strong Decision-Making Process
- Establish a strong internal decision-making process to avoid paralysis.
- Let the process guide decisions, preventing fear-driven reactions.