Sometimes, simply educating people about how to save and budget isn’t enough to incentivize healthy choices with their money. There are deeper, more advanced strategies that advisors can use to help clients improve their financial security and wellness.
Debt, children's education, dream business, vacation home, retirement. Wealth creators know that smart money decisions hinge upon prioritizing financial goals that compete for a finite amount of dollars. Yet, even for HNW primary income earners, it can be challenging to prepare for the future when money is still addressing the past.
As you are likely well aware, the debate regarding active versus passive investing has existed for a while. And recently, headlines seem to increasingly indicate that active investing has run its course – most managers are failing to meet their benchmarks.
To say investors have had a few things vying for their attention these past few weeks might be the understatement of our brand new year. Consider that so far in January we have seen the market consistently hit all-time highs; the US and Iran approach the brink of war; the Phase 1 US/China trade agreement signed; the “New NAFTA” or USMCA pass the Senate, and that same Senate launch the impeachment trial of President Trump.