During times of US stock market declines and high economic uncertainty, there is no more valuable tool than good diversification.
Diversification entails having a mix of different investments that include US stocks but also include several different investments outside of the US stock market. Many of these other investments can perform well when US stocks do not, which can often serve to significantly reduce the volatility of your portfolio and can provide cushion when US market declines are particularly large.
This year in particular, diversification benefits have been very large. You will notice it in your portfolios with us as amidst the negative stock market and economic headlines, there are several investment categories that are performing particularly well.
Key Blind Spots Addressed
We believe that nobody knows for sure what the US and the world economy will look like longer-term. Therefore, it is impossible to regularly predict what investments will perform and when and trying to do so can significantly hinder your long-term investment returns.
However, if we can create a well-balanced mix of different investment categories that each individually can grow long-term, but that don’t move in sync with one another, we can create a very robust and resilient investment portfolio that can be tailored to your specific investment objectives.
I encourage you to focus most heavily on what is most important, your investment time horizon, your goals, and your financial plan. Evan, Patty, and I will work very hard to do whatever possible to help you achieve your objectives, and to make sure we regularly update and adjust your plan to account for the inevitable changes in life.
I also encourage you to do something that is incredibly hard for all of us. Don’t let the news headlines and stock market volatility impact your short-term investment decisions. Focus on your investment strategy and on ensuring you are diversified and balanced. Also, focus on implementing the key steps of your financial plan.
There are guaranteed to be bumps in the road, but this will give you the best shot at longer-term financial freedom.
I was on fire - almost
5. Estate Planning for Their Children: We worked on estate planning strategies to ensure their children would benefit equally in the event of an unexpected passing, while also preventing any undue tax or financial burden to any one of them.
6. Ensuring Healthcare Access for Adult Children: Since their children are over 18, we helped them establish the necessary legal documents to ensure they could continue assisting with healthcare decisions if needed.
7. Evaluating Long-Term Care Insurance: We are currently assessing long-term care insurance options to determine whether coverage could help protect their assets and provide financial security for each other and their children in case of a prolonged need for care.
8. Projecting Retirement Readiness: We analyzed their current budget and anticipated future expenses to help determine when they could comfortably retire.
Final Thoughts
Please reach out to any member of our team with any questions or concerns, and we will be sure to regularly stay in contact with you.
Thank you so much for your relationship over the years.
There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.
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And Now …
Today, 10 years later, our practice has grown considerably. We have phenomenal clients, a great team, and our practice is still part of the Integrated Financial Group. During this time, we have helped individuals and families with their estate planning, investment planning, executive compensation planning, retiree tax planning, and insurance planning. These are just a few of the areas we focus on for our clients.
I eventually got my drivers’ license (at the ripe age of 27), married my lovely wife, Wendy, and purchased a home in Woodstock GA complete with a fire extinguisher on each floor and a built-in sprinkler system.
Working with my amazing team to best service you has been the ultimate privilege. Our team will continue to expand our range of offerings with the goal of responding to all your financial planning needs. We will also make sure to do so without ever letting up on our service and responsiveness to you.
Thank you so much for being part of this journey.
Most investments are meant to be long term. Always evaluate whether the time horizon required for an investment to succeed matches your timeline for liquidity.
Imagine in mine and Wendy’s case if the doors and the windows locked just as we were trying to leave or that someone came down the stairs just as we were wandering around the main level.
Our motto is “we can help you with that.” We will collaborate with you on any financial decision you make, engaging other subject matter experts when necessary. We will not stop until we get things right. We encourage you to reach out to us for assistance in making important financial decisions and we always appreciate you recommending us to others.
by Hetmayar
Authored by Gary Alpert
Tracking ID: 720261
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