Make Things Better

Blog post #390

Better implies that what you have right now can be improved. It is an assertion that requires confidence to say it and the optimism that it’s possible. 

Make implies that it’s up to you (and us). Someone needs to make it better. Better requires change, and change can be scary for some people. 

These are thoughts from a recent blog post, Make Things Better, by Seth Godin. Seth writes a daily blog, which I highly recommend, and is a prolific author.

Godin’s blog post about “make things better” is meaningful to us for what it represents about the values, goals and service that WWM provides to our clients.

We started WWM in 2003 to make things better. We entered the financial advisory business because we knew there were better ways to provide comprehensive financial and investment advice.

Investing can be complex. You may have had bad experiences in the past. You may have had advisors or brokers you thought were doing a good job, but something went wrong. You may not understand how to choose your 401(k) plan investments.

The financial world can be daunting and ever changing. You may not know what stocks, mutual funds or other investments are best for you. Tax and estate laws change. Retirement planning requires understanding and coordinating many types of data. 

You may not know the actual costs of your investments and whether you are paying hidden fees. You may not know how your money is really invested, especially if you have accounts at multiple places or brokers. 

Fees and costs are important and a critical component of investment success. We are transparent about our fees and the costs of the investments that we recommend to clients. When we meet with prospects, our fees and the total costs are generally much lower than the prospects current situation. We are not compensated by the investments we recommend, which is very different than traditional brokerage firm models. 

We believe your investments should be coordinated, so you have a real financial plan, which we call an “Investment Policy Statement.” We will advise you on your 401(k) plan and the many retirement decisions and issues you face. We can help you plan for Social Security and develop retirement projections. By having advisors develop a coordinated plan for you, this should reduce your financial anxiety and stress.

Working with a firm with a long-term investment philosophy which we feel is understandable, disciplined and rationale can help to provide you with confidence and security, regardless of how the financial markets are doing. We explain things in English. We communicate with you regularly, such as this blog, in a manner that helps you understand what is going on in the financial world. We know that clarity and understanding are important. 

We are very pro-active in our efforts to reduce and minimize the taxes related to your investments. We utilize tax-managed asset class mutual funds, which strive to minimize the taxes distributed from the fund, without hindering the performance. This type of fund is still relatively rare in the financial world. When appropriate, we place trades to recognize tax losses or avoid taxable fund distributions. We did a lot of these for clients last year, as applicable. 

For those clients who are now working with us, in Seth Godin’s terms, these people reviewed their situation at the time they first talked with us and thought working with us could make their financial lives better. They took the initiative to change, even if the change was difficult to do. 

We work hard at getting better. We take our role in providing you and your family with financial advice and guidance very seriously. 

If you are a current client, we hope that we have made things better for you. That is certainly one of our goals. If you have friends or relatives that could benefit from the advice, clarity and guidance we provide, please let them know about our firm. Forward these blog posts or share with them. 

If you are not yet a client but a reader of these posts and think you may be ready to consider a “change for the better,” please call or email us to schedule an appointment. 

Jeopardy phenom continues at record pace

As a follow up to last week’s blog post, James Holzhauer has continued with his incredible pace of Jeopardy winnings, as he has won $697,787 in 10 straight wins. Holzhauer now has the 4 highest winning games, including 3 games of more than $100,000 each. He is averaging almost $70,000 per night, while 74 game winner Ken Jennings averaged below $34,000 per game.

His speed, knowledge and confidence in betting are remarkable. My big question is when he eventually loses, will he be beat by a smarter and faster contestant, or will the cause be his own overconfidence? 

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