Two people can both call themselves investors and be doing completely different things. One is trying to beat the market this quarter. Another is parking money they will not touch for thirty years. A third mostly wants to protect what they already have. Same word, three different games, three different scorecards.
The trouble starts when you measure your results against someone playing a game you are not in. If your plan is slow and steady and built for retirement, watching a friend swing for the fences on a hot stock will make you feel like you are doing it wrong. You are not. You are running a different race with a different finish line.
Knowing which type you are makes the noise easier to tune out. It tells you whose advice actually applies to you and whose is just fun to watch. Before you can pick investments that fit, it helps to know what you are really playing for. Mapping that out is a big part of what private wealth planning is for.
Hosted byNick GeorgeCFP®, ChFC®, CLU®, IWA™FounderView bio →
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