Will Rogers once said, “I’m not so much concerned with the return on capital as I am with the return of capital.”
The famous Oklahoman also said “Don’t gamble. Take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don’t go up, don’t buy it.”
He certainly had a way of capturing the feelings of many of us.
Taking each quote, here is my advice.
If your Financial Advisor is not talking to you about capital preservation, growth and cost, he or she is only doing part of the job. Be proactive and ask about these issues at your next meeting.
As far as not buying an investment if it doesn’t go up……The best approach is to systematically add to the investment monthly. This approach minimizes long term risk and averages the cost of your investment over time.
Edward W. Chess, Jr.
Partners Financial Group
Peters Township Referrals Group Speaker – March 24, 2017