The Truth About Who’s Driving Your Latest Investments?
The Truth About Who’s Driving Your Latest Investments?
The Truth About Who’s Driving Your Latest Investments? There are many different investment vehicles. Multiple investment management companies are pushing mutual fund companies and other financial funding vehicles.
Lending institutions with financial advisors and business brokers are looking to help you find the right stock pick. The list of folks telling you they can best manage your savings and retirement savings funds is endless.
Don’t get me wrong, I am not saying these folks don’t have a role. However, for many of us, even if you think you are not using these people’s services, you are.
Suppose you are paying into a 401K, CPP, OAS or any government-funded retirement savings program or contributing to a company pension vehicle. In that case, these government or company programs use wealth or financial management companies to handle your contributions. Take a good look at the return for any of these savings programs or contribution funds; the returns are meagre.
Stop and Think
Stop for a moment and think: Don’t you have enough people handling your money and getting you little return? Why keep adding these types of people and wealth management services to your foundational financial team?
For the average person, we rely on banks or governments to supply us with savings account returns or government-backed investment returns. These yields are low and don’t even keep up with inflation.
Each company wants you to jump on board and test drive its financial earnings vehicle. Once you are committed to a test drive, turning down your investment vehicle is complex. Put on the brakes, and don’t sign up for a test drive.
The bottom-line returns are the real drivers of our financial foundation. How do you take the controls to your bottom-line returns? The problem with the bottom-line returns is that they passively squeak upon us because we think our financial planners or money managers have our best interest.
Too much time often passes before you see your lack of tangible returns. However, in my case, it was over a decade before I realized much of my financial growth was coming through dollar cost averaging. I contributed to a fund every two weeks, and when I stripped away the principal amount I had added to the fund, there was not much growth. 
How many low-interest-rate funds can you afford to keep driving your financial portfolio? When will you seize the steering wheel and operate one of your investment vehicles?
Why park all of the identical investment vehicles in your investment garage?
The Truth About Who’s Driving Your Latest Investments?
It’s time to think about assembling a new team.
Don’t get fooled by different colours; once you look under the hood, you will see a low-interest rate investment vehicle is still a low-interest rate investment vehicle.
When you look at most items we buy with our hard-earned cash, they are depreciating assets. The world survives and operates based on the consumption of goods. Most purchases give us a quick fix of a good feeling, followed by buyer’s remorse.
I won’t tell you how many of my friends have had investor’s remorse and, every couple of years, get rid of one financial planner for another. Most financial planners or managers recommend the same wolf but in a different sheep’s wool.
Are you ready to start taking some of your foundational financial control to give you a lasting, good-feeling economic return fix?
About the author, W. Rick
Dynamic entrepreneur and sales management strategist; with over 20 years of experience in his field. Rick has achieved multimillion-dollar sales growth while providing award-winning sales leadership and coaching in highly competitive markets.
An active real estate investor since 2002, Rick has developed his purchasing strategies and processes specializing in vacation and recreational properties, single-family homes and condo rentals.
In 2005, Rick re-financed his first rental property to fund the purchase of more positive cash flowing rental properties.
Rick sits on the Board of Directors for several condominium associations and is an active President and Treasurer. Sitting on these boards has given him a wealth of experience and insight into working with property management companies.
Rick has partnered with several joint venture associates and is committed to creating a positive investing experience for his associates by finding the properties, developing the investment, securing the financing and executing a proven positive cash flow system.
Why should you choose Rick as your Online Vault to Investment Real Estate Success Advisor?
An outstanding mentor and coach, Rick will work with you to build your investment real estate business starting from the foundation. From guiding you through the market research and critical drivers, building your team of trades, realtors, and lenders to attracting the investment real estate properties right for your portfolio and the joint venture partners to help you grow.
Through direction and training, Rick will help you develop your investment real estate goals and be a catalyst for you to purchase your first investment real estate property so you can build a strong financial foundation unlocking sustainable wealth and a living legacy for you and many generations to come.
Thank you for taking the only asset that gives us so much through life, but we can never get back our time.
Please join Rick on living his mantra:
” Prosperity for all aspects of your life forever.” W. Rick Harris