Why You Need an Investment Policy Statement
Why is this important to have? Because it is a great tool to help you stay focused when things are not going right. Perhaps the "market" is outperforming your asset allocation. Or, your brother-in-law is making money "hand-over-fist" in some little tech company. You may get the itch to do something you will regret later. Referring to your IPS will help you stay focused on your goal.
Here's a really cool tutorial on writing an IPS: Morningstar Investing Classroom
Until next time...