It’s that time of month again! This month we feature our client Allen Lin. He is a financial security advisor with Freedom 55 Financial, a division of London Life Insurance Company, and an Investment Representative with Quadrus Investment Services Ltd.. We have photographed Allen’s headshots as well as his family.
Allen is a very attentive and professional person. He cares deeply for the success of his clients and he works hard to ensure that he can provide the best service he can to new and existing clients. It is with no hesitation that we recommend Allen Lin to be your financial security advisor.
This month Allen brings us a topic that is important to all of us. Whether you are planning for your wedding, your children or just your general future, understanding your finances is important.
If you have any questions about this blog article or would like more information about Allen, please feel free to contact him at firstname.lastname@example.org
Financial security planning important to market optimism
Depending on what you’ve read in a newspaper, or seen on TV, you may feel somewhat nervous or concerned by some financial news. In the face of conflicting reports regarding a lingering recession or a bear market, short-term speculators seem to move between trains of thoughts almost daily.
However, clients who have worked with a financial security advisor typically have a greater understanding of their own needs, objectives and investments. The source of this knowledge is often already in their hands, or filed away on a shelf: it’s their financial security plan.
Why is this cause to be optimistic? There are many reasons:
1. These plans are, by nature, long-term in their approach to achieving financial security – not a short-term knee-jerk reaction to current market conditions.
While short-term fluctuations are a part of investing, historically they haven’t tended to be long-term set backs for investors with five- to 10-year time horizons.
2. Most financial security plans make realistic and conservative assumptions about potential returns.
Assuming you have used a conservative return model, you’re already factoring in the impacts of short-term market fluctuations, thus managing the emotional pitfalls of expecting stellar returns each and every year.
3. You’ve likely selected an asset allocation that suits your risk tolerance.
Asset allocation is core to proper portfolio building, and after building a long-term financial security plan, most clients also construct an appropriate asset allocation that matches their tolerances for risk and return. This allocation is designed to diversify your holdings, and help ensure an appropriately-weighted mix of holdings. While markets can test your risk tolerance, asset allocation can go a long way to keeping you comfortable with the path you have chosen.
4. Regular investment evens out downturns.
For clients who are saving regularly, market retrenchments typically represent great buying opportunities. If you’re investing systematically using a continuous purchase plan or dollar-cost averaging, you’re taking advantage of these opportunities.
5. You have a financial security advisor who can help.
This may be the greatest reason for optimism. Knowledgeable, trusted advice is key to long-term investing success. If you have concerns regarding your holdings, or feel you need some help in weathering the storm, consult your financial security advisor. He or she can put market volatility into perspective and refresh your financial security plan to help you ensure it continues to reflect your unique needs and goals for the future. If you don’t already have a financial security advisor, or would like a second opinion, please call for a free consultation, 604-685-6521 ext. 321.