A typical way to do this is by having an Annualized IRR versus Profit Dashboard at your disposal. An example of this can be found below.
Canopy’s Peer Comparison feature allows to evaluate this question by looking at the Sharpe Ratio versus the Return by Asset Class of Canopy customers.
The premise upon which wealth management exists is based on the fact that clients are time poor and behave rationally to accommodate for this. They worry about counter party risk and will always diversify banks/custodians…
Kenny Rogers could have very well have been speaking about the current HY bond scenario in this case as — indeed, investors who’ve exited the market seem to have done better than those who stuck around.