Broker Check


Beyond the plan

| April 18, 2017
Share |

The past several blog posts have been based on the concept of the financial plan.  A real, written financial plan is a key part of putting your financial house in order.  When you are ready to put goals and priorities into a structured plan, I am here to help. 

Although I truly believe a financial plan is an advisor's best tool for helping clients, most people really think of financial advisors as the "investment people".  

Sometimes when I am talking to clients or people I have just met, I feel like they are disappointed that I don't have all kinds of "hot tips" or "insights" to chat about. The reason I don't talk about the stock market like that is because I don't buy into the underlying concept Wall Street wants people to believe.  The people who give you "the answers" when it comes to the future of a stock or the market may sound smart, but I agree with William Bernstein (The Intelligent Asset Allocator (New York: McGraw-Hill, 2001). who said,

"There are two kinds of investors, be they large or small: those who don’t know where the market is headed and those who don’t know that they don’t know.”

The below video does a good job of illustrating how headline events don't even necessarily predict changes in the stock market: 

Share |