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Showing posts from April, 2013
I saw this quote at a CrossFit box I worked out at in Stuart, Florida called Be CrossFit. "Pain of discipline now or pain of regret later.  Your choice!" This is a somewhat shortened version of the following original quote by Jim Rohn. “There are two types of pain you will go through in life, the pain of discipline and the pain of regret. Discipline weighs ounces while regret weighs tonnes.” ―  Jim Rohn I think this quote applies to so many aspects of life from family, physical fitness and definitely to personal finances!!!

The Media and Investment Strategy

The media has been reporting that market indexes are hitting a new high, which can make many people feel that their portfolio is not doing as well as "everyone else's”.   We must be very careful when we let the media dictate our investment strategy.   Based on our experience, when this happens, it is important to keep the following things in mind: 1.) The media's first priority is to make a profit by selling advertising, not to make you a profit by making good investment decisions. 2.) Most people only tell you about how much money they have made in their portfolios, not how much they have lost. 3.) Our fist job as a financial advisor is to understand the level of risk that you can take and to do everything we can to preserve your capital.   Our second job is to help you maximize the growth of your portfolio, given the amount of risk you can afford to take. 4.) The Dow Jones Industrial Index or S&P500 index being at a seven year high means that it has had