I got another earful of criticism from a client today. The main grouse is that the investments failed to beat inflation. But the S&P500 index barely beat 2007's high. I achieved 8% over 2007 high. It hurts when I am continually criticized. In fact I feel that it's unfair. Nevertheless I realized that 80% of clients just want inflation + 2% return yearly. There is no point taking too much risk at all.
I have managed to get my system right in the last 1 year. In fact I achieved 25% return for my own portfolio last 12 months. I will get better I'm sure. But I don't expect the criticisms to stop. There are patient clients who understand that 2008 and 2011 wiped out most returns. I am grateful for those reasonable clients. I will take care of them better.
