Better Investment Experience – Part Five

Look Beyond the Headlines & Focus on What You Can Control

---

This is the fifth and final article of a five-part series that will help you have a better investment experience. This isn’t a deep-dive into investing or the markets, but rather some basic concepts that investors often lose sight of.

Look Beyond the Headlines

Every day, we are inundated with all sorts of information. We have numerous 24-hour news channels, email, internet, social media, etc.. It’s everywhere and unavoidable for most of us. While some effects are undoubtedly positive, like having the ability to learn about virtually anything that interests us, some are negative, such as more isolation and shortened attentions spans. Also, positive or negative, many of us may react to what we see or find it hard not to take one action or another.

News and financial commentary can influence people’s view of investing. Without a strong investment philosophy to guide them, they also may follow the advice of friends, neighbors, or family, especially if the “insight” promises a fast, easy return.

But growing wealth has no shortcuts. Success requires a solid investment approach, a long-term perspective, and discipline to stay the course.

Focus on What You Can Control

To have a better investment experience, people should focus on the things they can control.

It starts with an advisor creating an investment plan based on market principles, informed by financial science, and tailored to a client’s specific needs and goals. Along the way, an advisor can help clients focus on actions that add investment value, such as managing expenses and portfolio turnover while maintaining broad diversification.

Equally important, an advisor can provide knowledge and encouragement to help investors stay disciplined through various market conditions.

So, while news and information are seemingly coming at us from all directions, it’s important to remember that once we’ve worked out a solid financial plan suited to our situation and goals, to stay the course. However, if you feel something may warrant a reaction, you should discuss your concerns with your advisor. Even if you take no action, it’s important for your advisor to know of your concerns.

This is the last article of this series and we thank you for joining us. If you wish to revisit this or any of our articles or find out more information, please visit our website at https://monsonwealthmanagement.com/

---

Monson Wealth Management Flat-Fee Program

Most Registered Investment Advisors charge a percentage of assets under management, which translates into the more money you have, the more you are charged, even though the servicing time may be the same as someone who has one-quarter of what you do.

Our Flat-Fee program is designed with these clients in mind. We don’t charge you more just because you have more.

Give us a call and in 15 minutes we can assess your situation to see if this makes sense for you.

“The MWM Flat-Fee Program is designed to give clients that have over $500k invested a fair shake.”
– Eldon Monson CFP®, RICP®