The purpose of saving money and investing it in the stock market is to better one’s situation. It needn’t be a drag on your life, nor cause intimidation, fear or confusion … if you’re doing it right, you’ll truly enjoy the ride.
For the newer investors (and even some seasoned ones), volatility appearing in the market causes many to panic and sell, sell, sell! Those niggly little things called emotions can throw your focus off and destroy many viable and lucrative financial opportunities.
Patience — and working with an adviser with whom you feel comfortable — are the keys to successful investing.
Why work with an adviser?
The very purpose of having an adviser is the advantage it gives you through knowing someone with current investment knowledge who will take the time to answer your questions, educate you at your level of understanding, and explain investment terminology that may make little sense to you at the moment. This adds up to a calming assurance that you and your adviser are on the same side, the comforting confidence you get when you work with a Registered Investment Adviser (RIA).
The difference between an RIA over investment firms is that the fee a Registered Investment Adviser charges is tied to your investments — thus, they have skin in the game— which is to say, they do not make more than the base fee agreed upon unless your account rises in value. They are motivated on a very basic financial level (i.e., getting paid) to increase the value of your investments. Your RIA avoids packaged products and instead utilizes investments in stocks to build wealth, a method that requires study, research, and continually following the chosen companies to make sure they are beneficial to your portfolio.
At Randolph & Associates, we understand one of the most difficult, agonizing parts of investing for you, the client, is watching the markets during a downturn. The media touts a dip in stock prices as though the world is coming to an end. Their job is to sensationalize these activities in order to draw in viewers. Their tactics scare you into fearfully watching every little fluctuation in the numbers and associate it with your “inevitable” financial ruin. Even though most of the network anchors don’t know what these numbers mean, they sure read them off as if they expect you to see the writing on the wall … and whimper with dread. Since I do my homework and understand the financial world, these doomsday sound bites don’t faze me. My job is to keep emotions out of the equations by bringing knowledge to the forefront and sharing it with you to quell any and all concerns.
When you know how to read the markets, you can see an almost organic movement to them. Markets must come down and take a breather every once in a while, and there will always be some outside influence that causes this to happen. Maybe it’s a scare like the Ebola pandemic, a major political situation, a natural weather disaster, or simply a few companies that did not make the numbers Wall Street wanted to see.
Stepping back and getting a better view of the big picture will bring a sigh of relief. That, and finding a professional Registered Investment Adviser with whom you are comfortable, will allow you to relax and enjoy the exhilarating ride towards financial freedom.
Until next time…
Let’s have a conversation
Let’s get together, face to face. I will help you experience — and understand — how your money will grow in the world of long-term investments. Let me show you how much fun it can be! Call me, Vicki L Wille, today at 702-878-9562.
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