Even after years of frustration, if one enables persistence and good faith, you can discover an alternative approach to personal financial planning and investing. 

 

  • Realized the need for a vision of the future and defined clear long-term financial goals.
  • Assembled all current financial data from savings to insurance policies and developed a comprehensive personal financial plan.
  • Computed return on investments required to reach our long-term financial goals. 
  • Set out to understand all the parts of our financial plan and how they related to one another. 
  • Took the long-term investor’s view of finance and recorded our decisions regarding risk and liquidity in a complete and rational investment policy statement. 
  • Recognized our need for help, undertook a life-long program of financial education, and resolved to keep a watchful eye toward technical and theoretical advances in the field. 
  • Having understood the nature of our portfolios, allocated our assets rationally based on the best historical information and analysis at my disposal.
  • Having established the percentage of assets to be invested in our selected asset classes, we carefully chose specific investments within each of those classes.
  • Arranged to meet periodically with our investment advisors to review the progress toward our goals and to discuss any changes in our lives, goals, or investment policies.
  • Over the long term, maintained perspective so that both gains and losses were measured in the context of our original investment and investment policy. 
  • Kept the faith in times of trouble, relying on our plans, our advisors’ opinion, and our discipline to avoid panic and unnecessary losses.