You can only control what you can control.
We incorporate this concept as a core part of our wealth management and investment philosophy.
You can control the costs and investment expenses that you incur. This is why we utilize some of the least cost mutual funds, yet they still have excellent performance over the long term.
You can control how globally diversified your investments are, which reduces your investment risk. We actively do this for our clients.
There are some things that you cannot control. You cannot control whether gas prices go up or down. You cannot control interest rates. You cannot control the success or stock price of any one company.
As we provide advice to you, we recognize what we can and what we cannot control, and discuss this with you.
A few weeks ago, Oprah Winfrey taped an interview with President and Mrs. Obama, which was to air on a Monday. Even Oprah could not control that the US would capture Osama bin Laden on the day before this interview was to air. She was very upset that the show aired, which was now seemingly irrelevant. Even for Oprah, there are things she could not control.
As you consider your important financial decisions, you will be most successful if you recognize what you can control, and focus on those items. This will provide you and your family with greater financial security and peace of mind.