This Two-Part Question Can Save the Value of Your Assets

As many of you know, I’ve been in practice since 1958, and my partner and son, Lee, has been working with me since 1984 – that’s quite a few years in this profession. The two-part question we have used to help clients is as follows: Would you buy the same assets you own right now if you didn’t own them? If you can’t answer yes, then you answered the question. 

The second part of the question we ask people is simply – why do you own what you own? 

If you can’t explain your investment strategy in simple terms and in the length of a short ride, you probably should not own it. 

If you can explain your investment strategy to a 13-year-old, you’ve simplified it enough to know what matters. When you can do that, the market noise and hype will disappear, and you’ll be left with a clear plan for why your money is where it is and what will make it grow. 

This is the time in the investment cycle to get that second opinion, as always let us know when we can be of help. The SHM Financial Group providing financial counseling and help since 1958.