Comedy Event Talk
Published on Nov 18, 2015
Raise your awareness to the key factors that determine whether or not your your investment experience will be a success.
MORE DECKS TO EXPLORE
PRESENTATION OUTLINE
5 CRITICAL STEPS TO
A SUCCESSFUL INVESTMENT EXPERIENCE
First, a few things about me
I'm a big fan of keeping things in perspective
and i have a unique background
I used to be a thumb photographer (kidding)
it's A tale of two passions
and three recurring themes
Connecting with people, big picture thinking, pragmatic solutions
Photo by ihtatho
eventually i realized
What I really wanted to do
help people
Make sure everything will be okay
i picked TCI
Founded in 1990, $1.5+ Billion AUM, super-high integrity
As fee-only financial advisors
We take a holistic approach
to help you get from "here"
Your current financial reality
to "there"
Your desired future financial reality
as smoothly as possible
Minimize anxiety. Maximize happiness.
we're more like life strategy advisors
Than just financial advisors
and We find that many people
Only see half the story when it comes to investing
so in that spirit, here are
5 Critical Steps To a Successful Investment Experience
#1: define your personal values
Know what makes you tick
#1: Define your personal values
- List and then rank your 5 most important personal values
- Ask your spouse to do the same
- Identify where your values overlap and where do they not
- Review your list before making big financial decisions
- Communicate when you feel a value is being compromised
#2: create a clear vision for your future
Decide what you want your life to look and feel like
#2: CREATE A CLEAR VISION FOR YOUR FUTURE
- List the top 5 things you want to accomplish in your life
- Estimate how much money these goals will cost
- Estimate your future annual living expenses
- Determine how much money you'll need
- Be realistic and honest with yourself in this process
#3: focus on maximizing happiness
Make sure your financial plan solves for the correct variable
#3: focus on maximizing happiness
- Decide what happiness means to you
- Financial decisions should serve your happiness
- View money as a resource and not as a destination
- Focus on having "enough" rather than "it all"
- Anchor your emotions on your plan, not the markets
#4: define your investment philosophy
Mine is Nobel prize winner Eugene Fama's Efficient Market Hypothesis
#4: define your investment philosophy
- Avoid picking stocks and trying to time the market
- Implement a long-term and disciplined strategy
- Keep your costs low
- Harness the power of diversification
- Don't confuse speculating with investing
#5: Partner with an advisor you trust
Going it alone makes it harder than it needs to be
#5: partner with an advisor you trust
- Without help, your emotions will cost you a lot of money over time
- Find a fee-only advisor so you know they're on your side of the table
- Make sure they focus on your big picture (not just the investments)
- Good advisors reduce anxiety and increase your chances of success
- You'll be able to focus on the stuff you'd rather be doing anyways
#6 (bonus step): The part where I say "call Me"
and show you a cute photo of my family
