Ask Ed: Financial Planning Questions And Answers

Ask Ed: Financial Planning Questions And Answers

Ask Ed: Know Thyself

Question: What  type of investor are you?

Answer: Some investors are eternal optimists. This can be hazardous to your financial health as impulse may drive your decisions. To compensate, you need a trusted advisor-an attorney or accountant- to act as a filter before making big commitments or signing contracts.

Question:  Are you a glass half-full investor?

Answer: Always looking for problems is a good thing, but may prove too much of a good thing causing you to miss out on certain opportunities.  Being self-aware of this tendency is the first step. Try not to judge quite so hastily.

Question: What if your mood tends to swing back and forth between optimism and pessimism depending on what kind of day you may be having?

Answer: You may find it useful to simply record  or chart your mood each day, using a scale from 1-10.  Don’t make any big decisions or commitments unless your mood is toward the middle of the range.

These simple tips are quick and easy to use.

Better decisions begin with more self-awareness. Know thyself.

Ed Mahaffy,  MBA, CFP®, ChFC
ClientFirst Wealth Management
1501 North University-Suite 715
Little Rock, Ar. 72207
501-603-0406
www.clientfirstwm.com

Our first priority is helping you take care of yourself and your family. We want to learn more about your personal situation, identify your dreams and goals, and understand your tolerance for risk. Long-term relationships that encourage open and honest communication have been the cornerstone of my foundation of success.

Our approach is cost-effective and tax-efficient. As an independent investment advisor, we can offer you a personalized financial strategy, not a generic investment program. Your individual portfolio will be based on your unique situation, your values, your preferences and your goals. It will be designed to account for change, in the markets and in your circumstances.

As your professional partner, we’ll work hard to earn your trust and confidence, and provide the advice and service you deserve. Send me a note regarding any questions you may have about any particular investment concepts or products. We’ll get back to you quickly with a thoughtful answer.

Request A Copy of “How To Select A Financial Advisor” at

https://www.clientfirstwm.com/download-my-book

You can reach me directly at ed@clientfirstwm.com or call 501.603.0406

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