In: Operations Management
What is some way you can make sure that the only focus is on the best possible performance of your investment?
Do you think it would be hard for someone who usually works with older clients preparing for retirement to also be able to advise a 25-year-old who is starting a career?
· It is important that the portfolio of investments are monitored regularly to assess its performance. Some of the ways to ensure that the only focus is on the best possible performance of the investment are:
· Set market benchmarks
· Set peer group standards
· Compare the investments with the set standards and benchmarks
· Use software such as Fund Manager or Quickbooks to track the investment holdings
· Identify the best performing investment and prioritize it on the list
· Focus only on the best performing investments through the above strategy
· Absolutely not. The individual who is working with the older clients preparing for retirement would be able to observe and learn from their experiences about their growth with the company. This can be used to provide real-life examples and motivate the 25-year old who is starting his/her career. The older clients might be able to provide solutions even to the most complex problems which they might have seen during their experiences.
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