 Wysłany: Sob 1:47, 19 Mar 2011 Temat postu: designer ferragamo shoes 8531 |
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| Get Personal: Are Your Investments Working For You? by Jeffrey Stoffer CFA, CFP
Captain Jack Sparrow in the movie ��Pirates of the Caribbean�� has been forced ashore by a mutinous crew. We see him stranded on an island drinking rum with his lovely companion beside a fire. They are discussing his ship. ��It��s not just a keel,ferragamo shoe sale, a hull, and a deck and sails. That��s what a ship needs. But what a ship is, what the Black Pearl really is... is freedom. �� As an idealistic young investor in the ��80s I felt the same way about the investment of my retirement savings. Those investments represented financial freedom. With the passage of time life gets more complicated; deciphering financial statements and reviewing all the investment options available can leave us bewildered. We may have a sense the ship has run aground. We feel disconnected from the original meaning or purpose of our investments. We aren��t sure if our money is working for us and if it is working in a way that matters to us. How can we get back to basics and recover our sense of direction? What does investing really mean to us personally? When we invest in stocks or bonds we are essentially investing in business. Let us consider an example of investment in a small local business. A sausage maker is trying to raise half a million dollars to start his business. You may know the chef personally or know of his reputation. You��ve enjoyed his product and respect his passion for and commitment to making a wonderful sausage using the best organic ingredients. A number of people come together to invest in this business. They might lend to the business (becoming bond holders) or provide equity (becoming stockholders. ) The investors provide the capital that allows the business to be born. Think about the importance of these collective investments and the value they bring. Providing all the capital himself could be a huge personal risk for the sausage maker. So the risk is shared among the investors, none of whom assumes a risk that he or she cannot afford. In fact each investor may benefit financially while serving the needs of the community in a delicious way. The act of investing serves an important and critical function in our economy. On a personal level, you the investor have put your hard-earned money into this project for a variety of reasons, some of which may be pride in being involved with such a high quality product, a belief that people will love the sausage and the expectation that you will receive a good return on your investment. You appreciate the man��s commitment to sustainable practices. You believe in his ability to be a good manager and careful steward of the capital you have placed in his hands. As with any investment there are risks, but you feel you can understand them. The business may fail after a few years or you might not get the return you had hoped for. You have invested with the sausage maker based on your priorities and values, some of which you share with him. You care about his success not only because you want a good return on your money but also because you love his products. Your life seems richer for having experienced them. The relationship between the business and you as an investor is very tangible and personal. Investing for our retirement years now seems so far removed from this paradigm. How can investing in a 401k,puma cell shoes, an IRA or a mutual fund have that kind of meaning? Making choices here is not like investing with the sausage maker. You own stocks and mutual funds. Are the managers of these companies or funds people whom you know and trust? Do you have the same faith in them as you do in the sausage maker? Do you believe that they are making decisions that reflect your priorities and values? Certainly we care about our investments and realize they are important. They may mean the difference between subsistence and being able to afford to do some of those things we��ve always dreamt about. However, this type of investing is not the same as putting our money with the local guy, whose success we are rooting for. Investing can start to become more personal by checking in with yourself. Remind yourself why you are investing. What do your investments really mean to you? They may represent financial freedom. Perhaps they are your security or the potential to live your dreams. They may give your children the head start that you never had. Just as you would expect the sausage maker to be a careful steward of the investment you��ve entrusted to him,designer ferragamo shoes, your first responsibility in investing is to yourself. Your investments are important assets in your life. By making investments more personal you will derive greater satisfaction from them and increase your chances of feeling successful in the process. How do you create a sense of purpose and meaning in relation to your investments? The very act of investing demonstrates a belief in our country and in our way of life. Your capital is precious and important. How you invest it matters. Investing in promising medical research or a daycare center in a blighted urban area allows you to get a financial return on your money while reinforcing your belief in businesses you feel deserve support. Naturally, you need to balance these two objectives in order to protect and grow your nest egg. Examine each investment by asking, "Is this working for me,cheap ferragamo shoes, and in a way that supports my priorities and vision for the future? " Investing can be as personal and meaningful as you choose to make it. You are the captain of your ship. .Topics related articles： ferragamo free shipping 0836 sale discount ferragamo online 7196 discount salvatore ferragamo 7967 |
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