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Health & Wealth Check-Up

We would be remiss if we didn’t start today’s blog by remembering our fellow Americans who lost their lives, those who selflessly gave their services to protect, aid and rescue victims and finally all those that lost a family member or anyone close to them on this day; we remember, we honor and will not FORGET! September 11, 2001

It is important that we care for ourselves when it comes to our health, but what lessons can be applied to both our physical and financial wellbeing? We think this piece from the founder of Dimensional Fund Advisors is worthy of a read. Please take a few minutes and give it a read and/or our shorter “cliff note” key takeaways: 

  • Want to improve your retirement prospects and quality of life in retirement? Take care of your health. Health care expenses can add up and impact a retirement plan. Similar to investing, try to prevent problems now instead of trying to fix them later.  Do all your regular checkups, exercise, and watch your diet. In terms of investing, we do regular “checkups” on our clients’ portfolios to make sure we are taking the appropriate risk now to prevent problems later on. 
  • There are no quick fixes! We must do the little things every day and year to minimize the risks of an unfortunate health event. In investing, we must be patient and understand planning for a successful retirement is a long-term game that can’t be achieved in a short amount of time. One of the biggest mistakes we have seen investors make over the years is lack of patience!  Good health and successful investing are products of applying discipline and commitment to a well-defined strategy! 
  • We must plan for a wide range of outcomes. Just like with investing, our health is not guaranteed. Even if we exercise every day, stick to a strict diet and do every preventative checkup, still …nothing is guaranteed. Doing these things simply minimizes our health risks. Same with investing…we must embrace uncertainty and accept that in the short-term markets can be very erratic and volatile. We minimize risks of a retirement plan failing by planning for a wide range of outcomes. How do we do that?  By making sure an investment portfolio’s asset allocation is in line with the overall risk/return requirements and diversifying the risks across uncorrelated asset classes and lastly, by rebalancing the portfolio when opportunities and/or risks present themselves. 
  • We have to be able to cut through the noise and distractions! In both health and wealth there are constant distractions we hear and read about. We trust our medical professionals to cut through all that noise for us and tell us what we need to know. With investing, you can rely on us to tell you what you need to know. There is so much nonsense in the financial media that you should ignore. We know how to separate the “real” news from the “fake” news and to then implement actions/recommendations based on our outlook.

If you are unsure about the wellbeing of your portfolio, we would be happy to provide you with a portfolio review and give you our thoughts. Feel free to reach out with any questions.

Have a great week!

NCM Capital Management

Disclosures: This is not an offer or solicitation for the purchase or sale of any security or asset. While the information presented herein is believed to be reliable, no representation or warranty is made concerning its accuracy. The views expressed are those of NCM Capital Management, LLC and are subject to change at any time based on market and other conditions and NCM does not undertake to update or supplement its newsletter or any of the information contained therein. Past performance may not be indicative of future results.  Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will be profitable. There is no guarantee that the investment strategies discussed above will work under all market conditions or are suitable for all investors and each investor should evaluate their ability to invest long-term, especially during periods of downturn in the market. Investors should consult their investment professional prior to making an investment decision. Investment advisory services are offered through NCM Capital Management, LLC, an SEC-registered wealth advisory firm domiciled in New Jersey. This communication is not to be construed or interpreted as a solicitation or offer to sell investment advisory services.  For additional information about NCM Capital Management, LLC, you may request a copy of our disclosure statement as set forth on Form ADV.