Market Uncertainty Makes Sound Planning Essential

These times demand that you manage your money with sound fundamentals in mind. Most people think that investing is about buying stocks and watching the price of their assets go up from the moment they buy. That’s for amateurs and gamblers. Marked to market pricing is not what you are after, and if you chase it, you’ll see your wealth dissipate. Sound fundamentals make for sound investments.

If you plan to retire and live from the income your savings can generate, your primary concern in the capital markets involves purchasing earnings streams. By selecting portfolio managers who can choose good companies with solid expectations of growth, you’re more likely to own investment opportunities which may turn out to be tomorrow’s industrial powerhouses. But that all takes place in the background.

Financial Independence is Your Primary Concern

That’s what retirement is all about. The concerns of making a living day after day don’t concern you anymore. When you declare your financial independence (“retirement is so last century”) your days revolve around the things you want them to, and not around questions of money and finance. The end result of good retirement planning delivers a stream of income for you and your family that allows you to move on with the really important parts of your life: travel, visiting family and friends, good books and good endeavors.

Five key principles have guided Porter Kickham over the last 30 years of financial practice. We’re sure you’ll agree that they should be good for the next millennium.

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“Begin with the Goal in Mind”

Let’s begin to make crystal clear what you want out of your life’s work. If you are near retirement or retired, the best truly is yet to come. Tell us about your family and what you want for them. Let’s make a plan to take care of your spouse, your children and your grandchildren. Life is one successful encounter with risk after another. We need to plan together for the best way to confront them in an affordable, rational manner.

“Before acting, seek understanding”

You need to be heard. You need to talk out your hopes and dreams, as well as your concerns about the future. We need to hear it. Financial planning is not about winning some football game where points accrue year after year. Sound planning makes clients feel relaxed and in control of their future, and the future of their family.

“Leave no assumption unchallenged. Let nothing pass unsaid”

Our guiding principle is to understand your unique position in the world. Each person comes to the table with their own ideas, prejudices and myths about what the capital markets can do for them and how they should behave as investors. We’ll examine your thoughts about the market so that we can interact on a level playing field of understanding and knowledge.

“Plan a Legacy”

You don’t need to make your kids rich when you die, but you can plan now so that those you care about will not be saddled with an awful mess when you are gone. Frankly, we’ve found that the best gifts you can give to your children and grandchildren aren’t monetary. They are composed of diaries, gifts, moments and time together. Let’s plan your time and your use of your wealth so that you leave a lasting legacy and truly help the next generations become all they can.

“Plan for Goals, not Balances”

Money in an investment account is useless. A balance steadily rising in a bank account is meaningless. Goals, dreams and people give meaning and importance to money, because it is what wealth can do for you, and for your loved ones, that is vitally important. That’s what makes money come alive.