Yes! The ultra wealthy DO seek out “secret” strategies you don’t hear about.
You’re already savvy when it comes to understanding your finances and executing on your plans.
You:
What are you missing out on?
You can’t help feeling there’s more to know. But you’ve got a job and a family, and you can’t spend all your time figuring it out.
What should you be doing differently, and when?
The reality is, yes, the ultra wealthy use strategies you may not find in the mainstream advice columns.
There are reasons why the wealthy don’t panic when volatile markets throw the world into chaos.
Having a sizable amount of wealth helps, but there are other hidden strategies you can deploy even if you’re not ultra rich just yet.
You can use the same principles of investing as the wealthy to help you seek out the right opportunities and avoid financial sand traps.
This guide will help you navigate volatile market conditions. It is NOT for the average investor. It’s designed for investors just like you who’ve done their research – and are still looking for guidance on how to spot hidden wealth-building opportunities lurking in volatile markets.
You likely have questions such as:
If any of those resonated with you, then you’re in the right place.
Not all investments respond to market fluctuations the same way. When you know that a portion of your portfolio is potentially fortified from markets, you may feel more freedom to take calculated risks elsewhere. Allocating part of your portfolio to fixed income and cash-like instruments may make sense for you.
Additional portfolio ideas could include:
The ultra wealthy often use strategies like these in combination with others. They carefully weigh the costs vs. benefits in consultation with their advisors.
It’s important to discover if the extra cost or extra risk is worth the extra protection and potential wealth-building power.
Essential questions to ask yourself include:
No one can tell you when the timing is “perfect”.
And if they do, run fast in the other direction.
A multi-pronged strategy can help give you the confidence as well as the money to seize any opportunities as they come your way.
One prong of the strategy is your existing buy-and-hold strategy that doesn’t change according to the market’s whims. This prevents you from unnecessary trading, which is known to lower your returns.1
Another prong is your “dry powder,” or cash that you hold to deploy when you spot an opportunity.
That cash allows you to jump on prospects that come your way without selling anything else.
Essential questions to ask yourself include:
You’ve already conquered the basics, like maxing out your employer retirement plan.
But there are some additional tax efficient steps that may be available to you.
Squeeze out all the juice from these potential advantages if you qualify.
There may be other tax strategies that you haven’t considered yet.
Essential questions to ask yourself include:
You’ve probably been doing a lot of research, which often entails falling down a lot of internet rabbit holes.
It can be difficult to figure out who really knows what they’re talking about and who is just trying to sell their ideas to you. You’ve probably been bouncing some ideas off your friends, who may or may not know more about finances than you do. What might be good for your colleagues may not be the best financial move for you and your household.
The problem with researching is that you end up absorbing a lot of noise, which is often so loud that you can’t hear the signal. By spending less time online and turning off the cable financial channels, you’ll be able to focus instead of being distracted by everyone trying to make a buck off you.
It’s true that you can follow the ultra wealthy to see what they think about various investments and financial themes. One thing they are not doing is spending a lot of time researching how to invest online. For one thing, they don’t have the time – they’re busy making money in other pursuits. They also tend to surround themselves with knowledgeable professionals and collaborate with them instead of spending time online – on any topic, much less money.
Essential questions to ask yourself include:
You already know the basics, so you may have hesitated in the past to find a financial professional because:
A good financial professional will allow you to ask your questions, bounce around ideas or new topics you’ve read in the news, and more importantly…
They’ll become a partner in your wealth-building journey, NOT a dictator.
They’ll:
Use your financial professional as a trusted resource.
Essential questions to ask yourself include:
Capture the Fruits of Volatility
Not only is it possible to thrive during uncertain times, you don’t have to do it alone. Contact us today to schedule your complimentary 1:1 Wealth-Building Session.
Stop worrying that you’re missing out on something valuable.
You’ve already done your research and mastered the concepts that helped you reach your existing level of wealth, but you’re ready for the next stage of your wealth. At the same time, while you do know a lot about the modern money landscape, you’re too busy to learn it all.
That’s where a trusted financial professional comes in: one who can work WITH you and provide context as well as pieces that might be missing. They stay on top of new regulations and trends, while you continue to work to add to your retirement savings.
Together you can develop a plan to invest intelligently.
Our team has both experience in a variety of markets as well as advanced knowledge of the topic. Rather than trying to shoehorn you into a cookie cutter financial plan, we work with the strategies you’ve already devised. We bring knowledge in the things you don’t know you don’t know, while you bring your knowledge in your own financial situation.
This is your money. You’ve already made a smart step by reading through this guide. The next one is to schedule your free, customized 1:1 Wealth Builder Session with us.
Sources:
1. https://news.ubc.ca/2021/02/18/active-trading-leads-to-lower-returns/
2. https://www.kiplinger.com/personal-finance/using-a-529-plan-what-to-keep-in-mind
Michael Owens, CFF, CRPS
Carolina Financial Services Group
Website: https://cfsgroupnc.com/
Email: mowens@cfsgroup-nc.com
Phone: (252) 215-9095
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