Is the pain of losing money greater than the joy of making money?
The problem is that most people NEED to take some risk to realize their retirement goals because the rate of return needed is greater than the risk free return.
With inflation, there’s opportunity cost as well.
One of the things I do for clients is work with them to balance these competing desires of growth and principal protection. Call me if you’d like to discuss this in your situation.
This week I tackle a misconception that I run across every once in a while.
“It’s not a loss unless I sell it”
Sorry, it doesn’t work that way. You’ve lost the money whether you sell it or not, and the question you should ask yourself is “is this the right allocation for this sum of money right now, understanding I can’t change what has already happened?”
Discover 5 principles to align your wealth with purpose and possibility.
After more than three decades advising families and business owners, Michael Brady has seen that the most meaningful financial success comes from alignment.
This short guide shares five principles that help investors move from reactive decisions to intentional wealth stewardship.
