5 Principles for Life and Investing
5 Principles for Life and Investing
1 Plan, Don’t Predict
We’ve all tried to predict what will happen in life, only to be disappointed. But we develop strategies to deal with the fact that there is no crystal ball. We wear a life-jacket, even though we can swim. Investing is like life: For maximum peace of mind, we make plans that account for a broad range of possible outcomes. Then you feel empowered by the unknown instead of paralyzed by it.
2 Flexibility Adds Value
When buying a new car or house, you likely know exactly what you want. But it can be hard to locate the ideal, and once found, you may have to pay more. If flexible with your choices — going with black instead of grey or a different area, you may have more options. Life rewards flexibility over rigidity – as does investing.
3 Harness the Power of Compounding
Small decisions we make everyday can have a big impact over time. Having a lot of time can help an investor make up for not having a lot of money. Learning from the past can help us make better decisions in the future, and those lessons build on one another over time.
4 Control What You Can Control
While we can’t control everything, we can take charge of how we prepare for and react to life’s curveballs. In investing, you can’t control the market. What you can control is how much you save, the risk you take on, and the guidance you seek in putting together an investment plan that’s right for you.
5 Tune Out the Noise
When you focus on a goal, other people’s opinions can be distracting, even derailing. How do you tune out the noise? Working with a financial advisor can help you see past the headlines to cultivate discipline and the sense of security that comes from knowing you have a well-thought-out plan. The future is uncertain, but with the help of a financial adviser the quality of your decisions doesn’t have to be.
For a second opinion, or a fresh look at your finances, give Holland Hahn & Wills a call for a free initial chat.
020 8943 9229 | enquiry@hhw-uk.com | hhw-uk.com
