Barrister Brief – Year-End Financial Planning Tips
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[vc_row][vc_column][vc_column_text]Risk and reward, an important concept to remember on a day like today when markets were down greater than 1%….
[vc_row][vc_column][vc_column_text]Risk and reward, an important concept to remember on a day like today when markets were down greater than 1%. To grow wealth you need to be willing to accept some level of risk. How much risk you can accept (handle) the more growth potential you have.
Three different levels of risk, three different possible levels of growth, and three different potentials levels of wealth.
The fact of the mater is nobody ever grew their net worth investing over the long term in “savings” vehicles. To grow wealth you need to take risk and doing so means stomaching down days and being able to deal with volatile markets and varying accounts values from day to day. I can’t tell you where markets will be tomorrow, or next week or next month but I can tell you five, ten and twenty years from now a diversified portfolio will be worth more than it is today.
If you haven’t recently reviewed your financial plan you should contact your CERTIFIED FINANCIAL PLANNER™ Practitioner.
If you aren’t currently working with a CERTIFIED FINANCIAL PLANNER™ Practitioner you can learn more about my practice HERE or you can find other CFP® Practitioners HERE[/vc_column_text][/vc_column][/vc_row]
09/05/2017
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