Maybe you’re unhappy with your portfolio. Or the fees on your investments seem too high. Or you struggle to get questions answered. It’s tempting to shoot off a “you’re fired!” message to your financial adviser, broker or brokerage house.
But as satisfying as that might feel, impulsive action could expose you to tax liabilities or cause you to repeat the errors that aggravated you in the first place. “I can’t think of too many things where acting impulsively and quickly usually works out better than coming up with a plan,” says Elliott Appel, a certified financial planner based in Madison, Wis.
