Success [suh k-ses] the attainment of wealth, position, honors, or the like.
As with many things, success requires planning, preparation and a goal. Yet one of the most important keys to success is sticking to the plan. After a bump in the financial markets, some investors are tempted to panic and sell. Others may try to make back all the losses by choosing riskier investments. It's a unique phenomenon to the world of investing that people tend to buy more when prices are inflated, and are more likely to sell when prices are down. The problem with both of these reactions is that the investment plan has been forgotten with short-term reactions to what is generally a longer-term problem.
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If you're tempted, go back to the plan and ask these key questions before making any changes:
What are your goals?
Why are you investing in the first place?
How long do you have to reach those goals?
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Has your plan included and prepared you for the impact of health risk?
Don’t know what that is?
That’s the risk of what might happen to you and or your family:
What if you or one of your family members became disabled, critically ill or died?
What would you / your family do?
Where would the money come from?
Would you sell your investments?
Would you sell your retirement savings?
Would you sell other assets?
Would you borrow more?
If / when, you or your family member recover, would your goals be the same as before?
~~~~~~~~~~~~~~
Risk: more than just the value of your investments.
Success: scheduling time to discuss, understand and protect what’s most important to you
by planning, preparing and putting in place what’s needed to lessen the impact of future investment and health risk.
To discuss or review your plan, please call: office 519-232-4465 / cell phone 226-378-2404 or reach out by email: swatson@equityassociates.ca.
For more information please call:
Shirley Watson @ 519-232-4465 / cell phone 226-378-2404
Mutual Funds are provided by Equity Associates Inc., registered as a Mutual Fund Dealer and an EMD Dealer in select provinces and offers products and select referrals. All other products or services are not supervised or the responsibility of Equity Associates Inc. The opinions expressed in the above are those of the writer and do not necessarily reflect those of Equity Associates Inc.
~~~~~~~~~~~~~~
If you're tempted, go back to the plan and ask these key questions before making any changes:
What are your goals?
Why are you investing in the first place?
How long do you have to reach those goals?
~~~~~~~~~~~~~~
Has your plan included and prepared you for the impact of health risk?
Don’t know what that is?
That’s the risk of what might happen to you and or your family:
What if you or one of your family members became disabled, critically ill or died?
What would you / your family do?
Where would the money come from?
Would you sell your investments?
Would you sell your retirement savings?
Would you sell other assets?
Would you borrow more?
If / when, you or your family member recover, would your goals be the same as before?
~~~~~~~~~~~~~~
Risk: more than just the value of your investments.
Success: scheduling time to discuss, understand and protect what’s most important to you
by planning, preparing and putting in place what’s needed to lessen the impact of future investment and health risk.
To discuss or review your plan, please call: office 519-232-4465 / cell phone 226-378-2404 or reach out by email: swatson@equityassociates.ca.
For more information please call:
Shirley Watson @ 519-232-4465 / cell phone 226-378-2404
Mutual Funds are provided by Equity Associates Inc., registered as a Mutual Fund Dealer and an EMD Dealer in select provinces and offers products and select referrals. All other products or services are not supervised or the responsibility of Equity Associates Inc. The opinions expressed in the above are those of the writer and do not necessarily reflect those of Equity Associates Inc.