![]() No one wants to live and die behind a desk, watching their revenue grow instead of their kids. Here are the strategies I’ve found to help: Explicitly Define Work-Life Balance As a leader, I’ve learned to combat letting “must do” tasks overwhelm the “want to do,” and make time for big-picture thinking. Without those things, my company (and the hope of a balanced lifestyle) won’t succeed. As a founder of my own company, I can’t afford to ignore - or give up on - time that allows for reflection or innovation: Without those things, I’m not a leader. I still struggle to make time for big-picture thinking while being a family man and juggling day-to-day tasks, but I’ve found a few methods for balancing these competing priorities. Staying accessible to my team often means missing out on T-ball practices, family dinners and personal time. And when the day is over, I often feel like I’ve been running in place instead of moving forward. I can’t expect to give 100 percent to every leg of the race without burning out. Every investment program has the potential for loss as well as gain.Running a business is hard enough, but building a brand while serving as president for another company, trying to be a good husband and fathering two small children is like running an Ironman every day. Past performance is not indicative of future results. With respect to the description of any investment strategies, simulations, or investment recommendations, KPP cannot provide any assurances that they will perform as expected and as described in this article. KPP recommends that all investors seek out the services of competent professionals in any of the aforementioned areas. In particular, none of this published material should be considered advice tailored to the needs of any specific investor. KPP provides this information with the understanding that it is not engaged in rendering legal, accounting, or tax services. KPP does not accept any liability for any loss or damage whatsoever caused in reliance upon such information. Readers have the responsibility to independently confirm the information herein. That noted, KPP cannot guarantee that this information is accurate and complete and cannot be held liable for any errors or omissions. To the best of our knowledge, the material included in this article was gathered from sources KPP believes to be accurate and reliable. KPP has published this article for informational purposes only. Kings Path Partners, LLC (KPP) is an SEC-registered investment advisory business based in Sugar Land, Texas. We seek to significantly raise the bar of personalized service provided by the financial adviser industry. Our commitment is to put your interests first, serving and guiding you with honesty, respect, and care. We provide personalized financial and investment consulting services for clients desiring to steward their financial resources well. Kings Path Partners is an independent advisor guiding individuals, families, and foundations in the stewardship of wealth. If you are disappointed with your returns and the risk that your current portfolio is experiencing, please give us a call for a data-driven and evidence-based assessment. Volatility is a form of risk and provides opportunities to increase expected return over the long-term. You should be compensated for the risks you take. #SEE THE BIGGER PICTURE FREE#Nothing is free in the world of investing. While there are no assurances that the correction has bottomed out or that it will rebound over the near-term, staying invested and having a longer-term view has historically tended to reward investors.įinally, remember that higher risk is necessary for higher returns. Returns after corrections are historically attractive. ![]() This is a time for potential value creation. Better yet, look to rebalance into “beat up” assets and take losses while you can for tax savings. Cash may feel safe, but it can be a silent killer of long-term returns though missed days in the market and inflation. and they have been hurt by it!)ĭon’t panic and run to cash. (Our next blog will focus on “yield chasing,” something we eschew because of the inherent risk underneath, and we see too many investors and advisors doing it. Understand investment risks thoroughly and address them strategically in your investment portfolio. If you are in need of cash in the near term, then you should be in a “risk off” mode. ![]() Make sure your investments contemplate your appropriate time horizon. So, with this “correction,” it is time to take a deep breath and make sure you are investing appropriately. As you step back, ups and downs become less noticeable and the picture is beautiful. ![]()
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