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While many of us don’t realize it, we are constantly engaged in subconscious acts of investment planning. We plan how we can best invest the limited time we have at our disposal. Would the 2-hours free we have be best spent visiting a friend at the hospital or would it be better to work late and try to earn that promotion? We do some longer-term planning too. Does it pay to invest the time and effort for an advanced degree, or can I get to the same place by taking on an additional project for my employer?
So, why don’t we invest the same time planning our investments?
In general, investment planning is important to help you grow assets to provide resources to meet future goals. Simply putting money into a bank will only minimally help us meet our larger goals. Due to costs increasing over time via inflation, we need the growth of our assets to well exceed inflation to not only maintain current purchasing power but also build additional assets for future needs. For example, many people will work and save for 40 years with the hopes of living another 20-30 years from those savings. Thus, we need to base our investment planning on matching our investments to our goals.
The most important aspects of investment planning are risk tolerance and time horizon. If those components are ignored, investors may not achieve their desired results. Riskier assets, like stocks, tend to be more volatile and can require a longer holding period to provide expected results. The stock market can have wide swings in valuation, so investors in stocks should be able to view those holdings as long-term to avoid being forced to sell stocks at an inopportune time. Furthermore, investors in riskier assets should be comfortable with fluctuations in value so that their psychology does not lead them to make the wrong decisions.
Proper planning can help you to make sure that you choose the appropriate investment strategy to meet both your personal risk tolerance and time horizon, thus providing you the opportunity to achieve your short and long-term goals.
Our investment planning service is based on these simple premises: market timing does not consistently work, diversification will help you to create and preserve wealth, and an appropriate asset allocation based on risk tolerance and time horizon will help you to stay focused on long-term goals. Investing is about more than just making money – it is about helping you to achieve your financial goals.
Here’s a preview of what our investment planning services cover:
You and your family work hard to accumulate assets over a lifetime. The hope is that, when the time comes for you to use those assets, they will be there for your needs. Our asset management service is all about helping you manage your financial assets using a prudent and conscientious approach.
Individuals and families depend on the assets they accumulate over the years being able to sustain them later in life – in retirement or in the event of an unforeseen need. However, not everyone has the time to monitor and manage those assets. Even if you do have the time, you might not have the desire, skills, and/or patience to do so. If assets are not managed diligently, you could leave them exposed to various risks that could upset your entire plan.
Our asset management services cover: