There is so much chaos and uncertainty confronting investors right now, with rising prices at the gas pump and grocery store, the Fed raising interest rates, volatility in stock markets, and a war in Ukraine, to name only a few. With so many unknowns, many investors are asking themselves, what should I do? What would a wise, informed investor do in these times?
This is a difficult question, but we do believe there is a simple answer. While we acknowledge that nobody can accurately predict the unexpected, together we can plan for the unexpected. And now is a good time to make sure you have that plan in place. Here is how we, at ML&R Wealth Management, approach this with our clients.
When we meet initially, our primary objective is to begin to know you—to understand your goals, your experiences and views toward money and investing, learn about your current personal investment plan and your wishes for the future. Much of this is based on your time of life, for example are children involved, do you need support in saving and planning for retirement, how close are you to retirement, and what can we do to help you with your estate planning?
We work from the principle that every client is unique, so you will not see us making recommendations that are one size fits all, rather we will take the time to gain valuable knowledge about your unique situation.
Your Personal Investment Plan
Once we have clarity in all these elements, we move on to helping you build a portfolio that specifically aligns with both your current needs and future goals. Your personal investment plan and portfolio are constructed based on our investment philosophy with core principles that are time-tested in providing a positive experience for investors through periods of both market ups and downs. These core principles focus on:
- Balance – We look for the combination of stocks and bonds that align with your risk tolerance. The result is a portfolio that will provide both an opportunity for growth and a shield against volatility, providing a balance to your investments as you move forward.
- Diversification – In looking at the larger market dynamics, we have learned that one of the best defenses against uncertainty is diversification. So, we construct a diversified portfolio which includes thousands of stocks and bonds from companies and governments across the globe.
- Discipline and Focus – We help you look beyond the headlines and make recommendations that are in your best interests, rather than what the press might be pitching as the hot new deal of the day. We strive to be the noise canceling headphones on a chaotic plane ride, allowing you to stay focused on what is truly important to you.
At ML&R Wealth Management, we are committed to bringing these services to you, and to all our clients. By working with an advisor, skilled and trained to navigate times such as these, you will attain many benefits. By maintaining discipline during market swings, you can capture long term growth. All of this allows you to focus on what you can control, rather than being captured by the chaos. We will help you move from uncertainty to confidence. If you would like our support as you chart your own financial path, or if you simply need a second opinion, we’re here to help. Please reach out to our Austin Team of Financial Advisors and let us have a conversation about how we can help you create your custom personal investment plan and find your own sense of order in the chaos of the day.