Are you satisfied? If not, are you willing to change something?
We came across the flow chart below, while researching this week’s theme of ‘Investment Simplicity’. This flow chart is simple, self-challenging, and relevant to so many aspects of our lives. The one constant in this chart revolves around exercising one’s power of choice…which is always easier said than done.
As we studied its’ simplicity, we came to the realization that a version of this flow chart’s message was right on target with investors. This is especially true when investors look back at the past 1, 3, or 10 years and assess whether they’re on track to achieve their defined financial goals for retirement, college savings, a 2nd home, etc.
We’re reminded in daily conversations with investors that they are not satisfied with the returns on their investments over the past several years and are decidedly uncertain about what the future holds. That is the exact moment each and every investor should apply the above flow chart and substitute the two basic questions with the following:
- Are you satisfied? (with the returns on your investments)
- Do you want to be satisfied? (improve the returns on your investments)
So here’s The S.E.I Tip of the Week:
If you’re satisfied with the returns your investments are generating, by all means, keep doing what you’re doing. However, if you’re NOT satisfied and you want to improve your investment returns, CHANGE SOMETHING!!!
Start by:
- Enriching your knowledge on how to immediately improve investment returns
- Empower yourself to action
- Take a percentage of your investments (maybe 30-50%) and invest them as a successful Self Empowered Investor does
- Compare the results of this Self Empowered Investment strategy to that of your current advisor’s strategy…the results will surprise you
If you would like to learn more, connect with us on Facebook and join the growing community of Self Empowered Investors!