[Verse 1] When you're building your Investment Policy Statement plan Return objectives must be clear, help your client understand Are they looking for income to pay the bills each month Or seeking growth for future wealth, let's think about what they want [Chorus] Return objectives, set them right Absolute or relative, keep your client's goals in sight Income needs or growth desires Match the target to what their portfolio requires Return objectives, make them clear Realistic goals that fit their timeline and their fear [Verse 2] Absolute returns are fixed numbers, five percent or eight No matter what the market does, that's the target rate But relative returns compare to benchmarks that we choose Beat the S&P by two percent, that's the goal we use [Chorus] Return objectives, set them right Absolute or relative, keep your client's goals in sight Income needs or growth desires Match the target to what their portfolio requires Return objectives, make them clear Realistic goals that fit their timeline and their fear [Bridge] Income first for living expenses, cash flow is the key Then growth for future wealth building, that's the hierarchy Risk and return go hand in hand, can't have one without the other Higher returns mean higher risk, this truth you must discover [Verse 3] Young investors can take more risk, time is on their side Retirees need steady income, growth takes second stride Match the return objective to their life situation Age and goals determine your return expectation [Chorus] Return objectives, set them right Absolute or relative, keep your client's goals in sight Income needs or growth desires Match the target to what their portfolio requires Return objectives, make them clear Realistic goals that fit their timeline and their fear [Outro] Set realistic return goals Based on what the client needs Income first, then growth objectives That's how your IPS succeeds
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