MEASURE FINANCIAL SUCCESS WITH A LONG-TERM PERSPECTIVE.
Financial planning service is delivered over time, with patience and discipline. Success will happen, but requires time. This is the philosophy.
Most worthwhile endeavors tend to be simple in concept, difficult in practice. Short-term will always be a strong temptation. Look for a financial planner with a philosophy that shuns this temptation. The temptation…..
- To use planning rules-of-thumb
- To provide false guarantees
- To forecast the economy
- To attempt to time the markets
- To over-manage funds and cost us money
- To sell us products
- To lack transparency
- To waste time seeking silver bullets (return without risk)
Instead, choose a process that establishes an integrated financial goal plan. Supplement the plan with a research-backed investment process. Limit emotion through proper asset allocation, diversification, rebalancing, and funding.
We must continue improving and progressing. Measure it with a long-term perspective.
