Invest Like It’s 1986: Investment Planning is an Ongoing Journey
September 14, 2018
“If you don’t know where you’re going, any road will take you there.” That sounds like sage advice for being spontaneous and in the moment, throwing caution to the wind – pull up a sail and let it take you wherever. Yet, when it comes to your investments, knowing where you want to go is vital, as is taking the right roads to get there. A newsletter we sent out in the 80s addresses this investment planning topic, and it’s still relevant today.

“In most instances,” our As We See It newsletter pointed out, “building up one’s assets is, if not a lifetime project, an endeavor that usually spans many years.” This investment concept still holds true today and is important to remember as you look to your future retirement plan.

However, it’s not a given that just because you have set goals that it will be exactly where you want it to be in the future. Diversification, weighing the risks and weathering volatile and down markets are all important philosophies that can affect the outcome of your investment portfolio. Here’s what we said in our newsletter on this topic:

“Diversification is one of the basic fundamentals of prudent investing. It means much more than just purchasing a wide variety of securities. It involves spreading risk among asset classes (i.e., stocks, bonds, real estate, etc.) as well as diversifying within each of those classes. In a broader sense, consideration should be given to one’s occupation when considering the question of diversification.”

Another aspect of investment planning that remains true today is that attempting to guess the short-term swings in individual stocks, the stock market, interest rates or the economy is not likely to produce consistently good results. “Short term developments are too unpredictable,” we wrote in our newsletter. “On the other hand, shares of well-chosen companies stand an excellent chance of providing above-average returns to investors who are patient and invest for the long term.”

What remains true today is that successful investment results occur for those who set their objective, stay true to their investment planning scenario, diversify investments and look ahead to the long-haul approach.

If you like the sound of following a consistent path to retirement success, contact Lawson Kroeker today – and find out why staying the course and remaining focused over the long-term are some of our favorite phrases.

Worried​​ ​​about​​ ​​how​​ ​​to​​ ​​reduce​​ ​​taxes​​ ​​when​​ ​​transferring​​ ​​wealth​​ ​​to​​ ​​your​​ ​​children?​ ​Get​​ ​​your​​ ​​guide​​ ​​now.​