How do I communicate effectively with my investment manager?

To communicate effectively with your investment manager, you should:

1. Clearly define your investment goals and expectations: Before hiring an investment manager, be clear about your investment goals and expectations, including your risk tolerance, investment horizon, and return expectations. Communicate this clearly to your investment manager.

2. Establish regular communication: Set up regular meetings or calls to discuss your investment performance and any changes to your goals or expectations. Make sure your investment manager knows how frequently you want updates.

3. Ask questions: Don't be afraid to ask your investment manager questions about the investments they're making on your behalf, the fees they're charging, or any other concerns you may have.

4. Provide feedback: If you're not satisfied with your investment performance, provide feedback to your investment manager. They may be able to make changes to your portfolio to better align with your goals and expectations.

5. Be open to feedback: Your investment manager may have suggestions or recommendations for your portfolio based on their experience and expertise. Be open to listening to their feedback and considering their recommendations.

Effective communication is key to a successful investment strategy. By being clear about your goals and expectations, establishing regular communication, asking questions, providing feedback, and being open to feedback from your investment manager, you can ensure that your investment strategy stays on track.