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Even though the best financial consultant you could ever hire stares back at you every day when you look in a mirror, for those of you absolutely unwilling to learn how to do

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

-it-yourself, here are ten tips to help you find that one financial consultant out of every 1000 that actually is fairly impressive.

To help me formulate this list, I consid

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

ered some of the absolutely useless investment strategies I had learned at the world’s leading investment firms as well as the ridiculous focus of some boutique firms I had s

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

poken to when formulating the long tail investment strategies that constitute the curriculum of my SmartKnowledgeU™ campus.

(1) I’m not a fan of mutual funds. I know all abo

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

t their hidden expenses besides the overt fees they charge, plus I don’t like the fact that a lot of foreign mutual funds take a beating whenever the masses have the slightes

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

t fear about a pullback in the markets. I think owning individual stocks is a much better strategy, especially in foreign markets. Tell me what your strategy to select indivi

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

dual foreign stocks is.

(2) Look, I’m going to be honest. 6%, 7% even 10% a year doesn’t cut it for me. What strategies do you personally use to give me a good chance of ear

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

ing 20% or higher without assuming great risk?

(3) Where do you think will be the best performing markets for the next five years?

(4) This question is a follow-up question

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

to (3). If the answer to question three was, for example China and India, then ask, How much of my portfolio should be in Chinese and Indian stocks and why?

(5) If answer (

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

4) does not make sense in response to answer (3), probe with more questions. For example, if the answer your financial consultant tells you is 20% tops, then ask, If you tell

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

me hands down that the best markets for the next five years will be in India and China, why are we only allocating 20% of my portfolio to these markets?

(6) I don’t want the

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

standard diversification strategy applied to my portfolio that you apply to every other client here. I think it’s a terrible way to build wealth and don’t agree with it. Loo

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

k at all the great individual investors that were able to build wealth by determining what assets were the best and then concentrating their investments in just a few asset c

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

lasses.

Even if you tell me ,”Look at Warren Buffet who was a buy and hold buyer”, today we live in different investment times. The horse and buggy was the best way to get a

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

ound at one time but not anymore. Investing has changed, and what worked in the past is not the best way to invest today. What are the best asset classes to be invested in fo

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

r the next five years and why?

(7) What effect will the currency markets have on the best and safest places to invest this year and why?

(8) How are you using technology an

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

d the internet to improve portfolio performance for me. What novel strategies do you use that leverage technology and increased accessibility to top-tier financial, economic,

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

and political information to grant me the best chance of earning stellar returns?

(9) A lot of the best performing markets are emerging markets that also are prone to huge c

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

orrections. How will you safely invest in these markets for me? And remember I don’t like mutual funds and I don’t think mutual funds are safe either.

(10) Tell me 3 things

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

that you do that no one else at your firm does in managing my money.

If you receive intelligent answers to all the above questions, you may have just found yourself a winner

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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