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We wonâ€™t settle for average. We continually seek top managers or securities and meld them into superior custom portfolios. Each palette of investments is carefully tailored to personal or family goals. We enlist excellent managers, research, resources, and effort for our clients. Donâ€™t settle for average. You deserve excellence.
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Need Investment Advice to Help You Develop Your Portfolio Strategy?
Get Started With Some Investment Advice From Warren Buffett
Are you confused by all the conflicting advice out there on how to best invest your money? What would an investor who has seen a large amount of success with his investing list as top investment advice? Warren Buffett has been successful with his investment strategies and offers up some basic foundational steps that can be a key part of any investment strategy. Letâ€™s take a look at several of his recent tips:
Keep it Simple
Warren Buffett says he doesnâ€™t look to â€śjump over seven-foot barsâ€ť with his investments. Instead, he seeks out the one-foot bars he can step over. These one-foot bars include non-flashy investments like utilities, insurance and manufacturing, which is something that will always be in demand, thus representing a generally safer and potentially successful investment.
Be Careful With Forecasts
Buffett is known to say that forecasts say more about the forecaster than they say about the future. Heâ€™s extremely mindful of trying to guess how markets are going to behave, and doesnâ€™t go into panic mode when the market fluctuates. Instead, investors need to stick to their long-term plans.
Trustworthy investment advisors will tell clients to always think long-term in their investment strategies, especially if theyâ€™re putting any assets into the market. Yes, when the economy takes a turn, so too may your investments. However, the market recovers, and so too do your investments. Buffett says you canâ€™t think short-term and that if youâ€™re not willing to own a stock for 10 years, donâ€™t even consider it for 10 minutes.
Donâ€™t Make Impulse Decisions
Buffett is a great student, which means heâ€™s always reading and always thinking. He says the more he does that, the less likely he is to make impulse decisions. Impulse decisions can actually be prompted by something investors read â€“ especially anything that touts a stock as a â€śsure thing.â€ť Donâ€™t jump on it. Always be reading and thinking.
Donâ€™t Sit Fearfully
The only time you should be fearful of jumping on an investment is when others are feeling greedy. However, a careful and well-planned strategy can provide great results. When an opportunity arises that youâ€™ve had your eye on for some time, take action.
Buying Stocks and Homes Have Similarities
Buffett encourages people to buy stock the way they buy a house. Why? Because, if you understand a stock in the same way you understand a house you plan to live in for decades, youâ€™re on the right path.
At Family Investment Center, we like the words of Buffett because we too share the same values in terms of not being impulsive, having a commitment to attention to detail, looking at investments as long-term strategies and not trying to forecast what the market is going to do. We know every investor is different and requires a different strategy to reach their goals. Contact us today to help you develop your personal investment plan.