“The only function of economic forecasting is to make astrology look respectable.”
– John Kenneth Galbraith
We are bombarded everyday with information competing for our attention. Print, TV, radio, and the internet blast us with opinions and predictions of what will happen in the economy and markets. Virtually anyone can start a blog, take on a persona, and claim to be an expert. Getting information has never been easier but discerning what information is important and useful has never been more challenging. This is where we can help.
Our commitment to our clients is to provide a sanctuary from the noise. We make our communications relevant and helpful by setting and maintaining realistic expectations. We have neither a crystal ball nor a magic wand. We are not gurus or pundits, we are professional advisors.
One of the most common mistakes we see people make with money is that in an effort to stay informed, they ingest bad information or process information in such a way that they act against their interest. The emotions of the day cause them to lose sight of their big picture and they act out of fear or impatience.
Imagine buying a new car after thoroughly researching vehicles. It runs great, looks good, and is doing all you hoped it would. Now imagine that unsolicited offers to buy your car come to you, day after day, for less and less money. Would you sell? Most people find this scenario silly and would not sell because they know the offers from strangers are unrelated to their purpose in buying the car. Yet people routinely let opinions and actions of others drive decisions about their investments. They buy products that may address a short term issue but cause long term problems. They buy the hot trend and get burned. They sell solid holdings designed for the long term because of short term anxieties.
The evidence is very clear to us – being resilient makes for a far more successful investor than being nimble. So let us be a sanctuary from the noise and provide a calming and steady voice that has only your best interests in mind.
200 South Orange Avenue
Orlando, FL 32801
6767 N. Wickham Road
Melbourne, FL 32940