Constantine National Financial, LLC(440) 205-1277
The last time I heard, it was estimated that there were around 300,000 people in the financial industry who were called anything from financial advisors and financial planners to financial consultants and wealth managers. We all provide the same solutions from retirement planning through investments and insurance and the creation of financial plans. So, what makes each of us unique?
I believe the critical difference is based in one’s approach and philosophy. One’s thought leadership. Everyone acknowledges that knowledge is power. However, it is understanding the knowledge, the situation, and the client, on many deep levels, that harnesses the power of knowledge and guides it in an appropriate direction for the benefit of each individual client.
According to Dr. David Kelly, Chief Global Strategist, J. P. Morgan Asset Management, “Long-term investors need to be invested in long-term assets, but pay special attention to limiting downside losses. The best way to make money in the long-term is not losing it in the short term.”
Steve Blumenthal stated that “on a price basis, an investor spent 70% of the time in a bear market or recovering from one. That means that just 30% of the time is a buy-and-hold investor creating new wealth.”
I think the time I spend devising ways to reduce the amount of time my clients spend in the “bear market and recovery zone” leaving them more time in the “wealth creation zone” to be time well spent. In this I attempt to emulate the Master Chess Player, in attempting to plan 10 to 15 moves ahead of where we are now.