Why Discretionary Portfolio Management Helps Take Emotion Out of Investing
By Moize Goulamhoussen · · 4 min read
Most investors know what they should do in a volatile market. Doing it is the hard part. When headlines turn negative, the instinct is to act, and acting at the wrong moment can quietly undo years of progress.
Discretionary portfolio management exists to close that gap between knowing and doing.
A strategy agreed on in advance
Before any money is invested, we agree on your goals, your time horizon and how much fluctuation you can comfortably live with. That becomes the written mandate your portfolio is managed against.
Because the rules are set during a calm conversation, decisions made later are guided by your plan rather than by the news of the day.
Timely adjustments without the paperwork
Under a discretionary mandate, rebalancing and adjustments can happen when they are needed, without waiting for approval on each trade. You stay informed, and you always know the strategy being followed.
Who it suits
It tends to suit busy professionals, business owners and families who want consistent oversight and would rather spend their time on their lives than on their portfolio. If that sounds like you, it is worth a conversation.
About the author
Moize Goulamhoussen is the founder of Parisara Wealth Management in Toronto. Book a meeting.
This article is for general information only and is not personal financial, legal or tax advice.