Or are you trying to beat the market or to reach your financial goals?
It would be nice if both were accomplished at the same time.
That’s not common though.
The Markets Are The Means
So, if you had to choose, which would be more important to you?
There’s a world of difference between the 2.
Your financial goals are led by the former: You understand that as long as your financial goals are met, it’s irrelevant if you beat the market.
Your financial goal is the latter: You simply want to beat the market.
Focusing on market performance is the opposite of financial planning.
Financial Planning
The inverse also holds true: Financial planning is the opposite of market performance.
There’s a world of nuance between the 2 statements.
Focusing just on market performance? That tends to be tunnel vision.
There’s no context to it, although the the temporary rush you get when you see your balances grow is nice to see.
Financial Planning? That’s the opposite. There’s usually no temporary rush. But there usually is a permanent rush in seeing you reach your financial goals.
It comes in the form on knowing that you have a financial plan in place to reach your financial goals. Also, that your assets are aligned to those goals. Furthermore, that they afford you the probability of living the life you want.
Next Step
Ready to take the next step and work with a fee-only CFP? Reach out to schedule a Discovery Meeting to learn more.