There are No Old, Bold Investors…


Perhaps you’ve heard this saying: “There are old pilots; and there are bold pilots; but there are no old, bold pilots.”

The same applies to investing because at the end of the day – for both pilots and investors – it’s about their respect and tolerance for risk.

Said another way, the key to longevity is survival.

At Blueprint, we think the main risk faced by advisors’ clients is preserving compounding – and that the way to reduce that threat is by avoiding catastrophic loss.

This was one of the topics I covered during a recent interview on the Strategic Investor Radio podcast with Charley Wright. We also covered:

  • Behavioral finance
  • Why price is the most important variable for making buy/sell decisions
  • How Blueprint partners with financial advisors to offer assistance with practice management

You can listen to the full podcast here:

 

To reiterate the final point of the interview: Uncertainty seems as high as ever right now. The guidance we have been offering advisors is to use this as an opportunity to check in on their clients’ goals and portfolios.

Then, be honest with yourself when you answer the question, “Am I employing the most optimal, comprehensive strategy to help my clients meet their goals?” Set aside anything that will bias your response so you can get serious about considering future market risk and how to preserve compounding for your clients.

Remember, trying to manage risk in hindsight is like trying to purchase car insurance after being rear-ended. Unfortunately, it doesn’t work that way.

Feel free to reach out if you’d like to discuss Blueprint’s managing risk in a portfolio.


 

Blueprint Investment Partners is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. The oral and written communications of an adviser provide you with information about which you determine to hire or retain an adviser. For more information please visit adviserinfo.sec.gov and search for our firm name.

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision. Blueprint Investment Partners is an investment adviser registered under the Investment Advisers Act of 1940 with the U.S. Securities and Exchange Commission (“SEC”). SEC registration does not constitute an endorsement of the advisory firm by the SEC nor does it indicate that the advisory firm has attained a particular level of skill or ability.

Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed, and Blueprint makes no representation or warranty as to the accuracy or completeness of the information, which should not be used as the basis of any investment decision.

Information contained on third party websites that Blueprint may link to are not reviewed in their entirety for accuracy and Blueprint assumes no liability for the information contained on these websites.

Opinions expressed in this commentary reflect subjective judgments of the author based on conditions at the time of writing and are subject to change without notice.

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