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Friday, November 4, 2011
Thursday, October 20, 2011
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Tuesday, September 6, 2011
Friday, September 2, 2011
Thursday, September 1, 2011
When Information Turns Toxic For Investors
By: Brendan Magee, Investor Coach
Aug. 2011
Gloria came to our Health, Wealth, & Vitality Event. Like just about everyone there, it seemed as if she really enjoyed the event. She signed up to meet with me for a one on one discussion.
I called her to get a time when we could meet and do what I call an Investor Inventory. This is where the investor and I take a look at very important questions that the investor has already admitted they do not have the answers to.
By: Brendan Magee, Investor Coach
Aug. 2011
Gloria came to our Health, Wealth, & Vitality Event. Like just about everyone there, it seemed as if she really enjoyed the event. She signed up to meet with me for a one on one discussion.
I called her to get a time when we could meet and do what I call an Investor Inventory. This is where the investor and I take a look at very important questions that the investor has already admitted they do not have the answers to.
Questions like:
-How much you are being charged?
-How diversified is your portfolio?
-How do we know if the strategy you are using is truly working or not?
-How much risk are you really taking?
-How much you are being charged?
-How diversified is your portfolio?
-How do we know if the strategy you are using is truly working or not?
-How much risk are you really taking?
When I called, Gloria, she told me that over the last several years she had been to numerous financial and investment workshops trying to gather as much information as she about retirement.
She told me she was looking forward to meeting with me and getting more information about retirement and finances. Something about how she spoke about her desire for more information popped up as a red flag so I wanted to remind her about what coaching was designed to do.
I mentioned that in our meeting we were going to look at her answers to the 20 Must-Answer Questions For Peace Of Mind Quiz. We were going to look at what not being able to answer those questions was doing to her finances and peace of mind.
I mentioned that in our meeting we were going to look at her answers to the 20 Must-Answer Questions For Peace Of Mind Quiz. We were going to look at what not being able to answer those questions was doing to her finances and peace of mind.
I told her that answering the questions would bring clarity to the things she needs to be doing to build true peace of mind with regards to her finances.
At this point, Gloria told me she wasn’t interested in anything like that. She just wanted more information.
At this point, Gloria told me she wasn’t interested in anything like that. She just wanted more information.
She wasn’t going to do anything with it. She just wanted the information.
Information is safe. As long as I am gathering information, I do not have to take action to deal with my problems. I never have to bother finding out what my problems are.
Information is safe. As long as I am gathering information, I do not have to take action to deal with my problems. I never have to bother finding out what my problems are.
Discovering, acknowledging, and dealing with problems is confronting.
Yet, until the investor takes those steps, time gets wasted, compounding rates of return that are there for the taking don’t get earned, dollars that are being inefficiently used continue to be wasted, relationships that are inappropriate to the investors well-being don’t get severed, etc.
Gloria had no idea what he rate of return she needed to earn in order to have her retirement accounts grow to a sufficient level. She had no idea about what she was being charged to have her money managed, nor could she determine if she was getting value for what she was paying.
Gloria didn’t really understand what diversification meant nor did she know that once she got a measurement of risk, she could from that moment on have complete control over how
Yet, until the investor takes those steps, time gets wasted, compounding rates of return that are there for the taking don’t get earned, dollars that are being inefficiently used continue to be wasted, relationships that are inappropriate to the investors well-being don’t get severed, etc.
Gloria had no idea what he rate of return she needed to earn in order to have her retirement accounts grow to a sufficient level. She had no idea about what she was being charged to have her money managed, nor could she determine if she was getting value for what she was paying.
Gloria didn’t really understand what diversification meant nor did she know that once she got a measurement of risk, she could from that moment on have complete control over how
much risk her investments were exposed to.
In other words Gloria was completely in the dark about her investments and was looking at about seven to eight years until retirement started. Seeking more information is turning a bad situation into a dangerous situation for Gloria.
Seeking more information will not address this situation for Gloria or any other investor.
It gets addressed by asking the right questions and then implementing those answers into your specific plan. Without this, information gathering will be an excuse to procrastinate, and procrastination is toxic to your financial security and peace of mind.
It gets addressed by asking the right questions and then implementing those answers into your specific plan. Without this, information gathering will be an excuse to procrastinate, and procrastination is toxic to your financial security and peace of mind.
Special Thanks
Thank you to those who attended and sponsored the Health, Wealth, & Vitality Event.
Thank you to those who attended and sponsored the Health, Wealth, & Vitality Event.
Mc Call Country Club (610-734-7394)proved to be a wonderful venue to hold the event. Call Lisa Mills if you’re planning an event.
Dr. Jill Melsha , of Melsha Chiropractic( 610-527-9440), came with a wonderful scanner that gave everyone eye opening insights into how stress was affecting their bodies and their ability to have more vitality.
Healing Kneads Massage and Exercise Center (610-356-7900) from the looks of total relaxation in the eyes of those who got massages provided a magical touch that everyone enjoyed.
Hope everyone survived Irene o.k.!!
Wednesday, August 31, 2011
When Information Turns Toxic For Investors
By: Brendan Magee, Investor Coach
Aug. 2011
Gloria came to our Health, Wealth, & Vitality Event. Like just about everyone there, it seemed as if she really enjoyed the event. She signed up to meet with me for a one on one discussion.
I called her to get a time when we could meet and do what I call an Investor Inventory. This is where the investor and I take a look at very important questions that the investor has already admitted they do not have the answers to.
By: Brendan Magee, Investor Coach
Aug. 2011
Gloria came to our Health, Wealth, & Vitality Event. Like just about everyone there, it seemed as if she really enjoyed the event. She signed up to meet with me for a one on one discussion.
I called her to get a time when we could meet and do what I call an Investor Inventory. This is where the investor and I take a look at very important questions that the investor has already admitted they do not have the answers to.
Questions like:
-How much you are being charged?
-How diversified is your portfolio?
-How do we know if the strategy you are using is truly working or not?
-How much risk are you really taking?
-How diversified is your portfolio?
-How do we know if the strategy you are using is truly working or not?
-How much risk are you really taking?
When I called, Gloria, she told me that over the last several years she had been to numerous financial and investment workshops trying to gather as much information as she about retirement.
She told me she was looking forward to meeting with me and getting more information about retirement and finances. Something about how she spoke about her desire for more information popped up as a red flag so I wanted to remind her about what coaching was designed to do.
I mentioned that in our meeting we were going to look at her answers to the 20 Must-Answer Questions For Peace Of Mind Quiz. We were going to look at what not being able to answer those questions was doing to her finances and peace of mind.
I told her that answering those questions would bring clarity to the things she needs to be doing to build true peace of mind with regards to her finances.
At this point, Gloria told me she wasn’t interested in anything like that. She just wanted more information.
She wasn’t going to do anything with it. She just wanted the information.
Information is safe. As long as I am gathering information, I do not have to take action to deal with my problems. I never have to bother finding out what my problems are.
Discovering, acknowledging, and dealing with problems is confronting.
Yet, until the investor takes those steps, time gets wasted, compounding rates of return that are there for the taking don’t get earned, dollars that are being inefficiently used continue to be wasted, relationships that are inappropriate to the investors well-being don’t get severed, etc.
Gloria had no idea what he rate of return she needed to earn in order to have her retirement accounts grow to a sufficient level. She had no idea about what she was being charged to have her money managed, nor could she determine if she was getting value for what she was paying.
Gloria didn’t really understand what diversification meant nor did she know that once she got a measurement of risk, she could from that moment on havecomplete control over how much risk her investments were exposed to.
Gloria didn’t really understand what diversification meant nor did she know that once she got a measurement of risk, she could from that moment on havecomplete control over how much risk her investments were exposed to.
In other words Gloria was completely in the dark about her investments and was looking at about seven to eight years until retirement started. Seeking more information is turning a bad situation into a dangerous situation for Gloria.
Seeking more information will not address this situation for Gloria or any other investor.
It gets addressed by asking the right questions and then implementing those answers into your specific plan. Without this, information gathering will be an excuse to procrastinate, and procrastination is toxic to your financial security and peace of mind.
Seeking more information will not address this situation for Gloria or any other investor.
It gets addressed by asking the right questions and then implementing those answers into your specific plan. Without this, information gathering will be an excuse to procrastinate, and procrastination is toxic to your financial security and peace of mind.
Special Thanks
Thank you to those who attended and sponsored the Health, Wealth, & Vitality Event.
Mc Call Country Club (610-734-7394)proved to be a wonderful venue to hold the event. Call Lisa Mills if you’re planning an event.
Dr. Jill Melsha , of Melsha Chiropractic( 610-527-9440), came with a wonderful scanner that gave everyone eye opening insights into how stress was affecting their bodies and their ability to have more vitality.
Healing Kneads Massage and Exercise Center (610-356-7900) from the looks of total relaxation in the eyes of those who got massages provided a magical touch that everyone enjoyed.
Hope everyone survived Irene o.k.!!
Wednesday, August 10, 2011
Friday, August 5, 2011
Monday, August 1, 2011
Wednesday, July 27, 2011
Tuesday, July 26, 2011
Wednesday, July 20, 2011
Thursday, July 14, 2011
Thursday, June 16, 2011
Monday, June 13, 2011
Thursday, June 9, 2011
Thursday, June 2, 2011
Tuesday, May 31, 2011
Thursday, May 26, 2011
Thursday, May 19, 2011
Wednesday, May 11, 2011
Thursday, May 5, 2011
Thursday, April 28, 2011
Thursday, April 14, 2011
Thursday, April 7, 2011
Thursday, March 24, 2011
Thursday, March 17, 2011
Wednesday, March 16, 2011
Monday, March 14, 2011
Friday, March 4, 2011
Wednesday, February 16, 2011
Wednesday, January 5, 2011
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