Ever wonder how long your assets will last in retirement? What are the elements of a balanced portfolio? What profit sharing plan is best for your company? Or, how much do you really need to save for a college education? I love working on these problems and solving them has been my full-time pursuit since 2011. My background in banking and business ownership, combined with my education in economics and planning, has given me the tools to completely understand these problems and the tools to find practical, long-term strategies which seek to provide long term financial security.
I believe that financial well-being comes from thoughtful decision-making, careful planning, and disciplined execution. My philosophy focuses on planning, diversification, resilience and balance as the key principles.
Planning is the foundation of the entire financial and investment process. It brings clarity to your goals and helps determine your comfort with risk, laying the groundwork for smart decisions and effective financial management.
Diversification is essential for managing risk. By spreading investments across various parts of the market, you help reduce the impact of volatility and create resilience to market cycles. The key to maintaining a diverse portfolio is proper allocation and regular rebalancing, which together help your investments grow steadily with the market.
It's also important to avoid emotional attachments to specific investments. Holding onto a stock just because it was a past winner can hinder your portfolio's efficiency and performance. Like a great team, every investment needs to contribute to future success, not just rely on yesterday's stars.
Finally, balance is crucial in managing debt, financial assets, and real assets. Used wisely, debt can be a tool for growth, while financial assets provide liquidity and growth potential, and real assets offer stability and long-term value. A balanced approach helps to ensure that no single element overwhelms others, creating a strong, sustainable financial foundation.
Bringing fresh perspectives to your financial life
The financial decisions you make today can help determine the future you build for yourself and your family. Carving a clear path forward starts with connecting your life and finances. A Merrill advisor provides access to the investing insights of Merrill and banking capabilities of Bank of America to help you make informed decisions as you pursue your goals.
