Control the Controllables
RJ Kelly, AEP, CAP, CEPA, ChFC, CLU, MSFS, RICP, WMCP
Helping clients Reduce, Offset, Defer & Eliminate (RODE) unnecessary taxes | Leave more money in your pocket - don’t eRODE your gains | Author | Keynote Speaker
Our country has been devastated by the impact of the coronavirus in countless ways. It will be years before we fully understand the various ramifications of what COVID-19 has meant to us as a nation, world, and especially individually and within our families. While on the phone recently with wonderful clients in Mississippi, however, a thought occurred to me. Despite the pandemic, and perhaps even more so because of the pandemic, we need to “control the controllables.” We need to take back control over the many things that are within our reach – within our ability to influence a positive outcome. What do I mean by that? Read on – let’s explore that together in this month’s “Imagine That™”!
Do you Want Your Investments Protected From Volatility in The Stock Market?
As of February 25, 2021, the trailing 12 months rate-of-return on my Profit-Sharing Plan was 27.12% despite all the market turmoil! How did you do? To be fair, these figures are net of all fees except our advisory fee, which ranges from .25% to 1.25% per year. How is this possible when there were such significant losses in the first Quarter of 2020? Returns such as I detail above are not by accident, but from using a clever and low-cost strategy that uses certain Vanguard or Dimensional funds, but with a “guidance system” bolted on. It is not available from Vanguard, but through the platform we use. The guidance system provides protection of assets and peace of mind when the equity markets are in retreat, but an unlimited upside potential when things are going well – like now.
As a best practice, however, let me remind you that “Past performance may not be indicative of future results. Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful, or that markets will recover or react as they have in the past.”
Traditional investment strategies often fail. Newer strategies have come about, fortunately, which can create a more reliable, less stressful retirement ...