I want to share a couple conversations I had this week. One was with a client who’s been with us for 25 years. “We just decided we couldn’t do two big jobs at once,” she said. “It can be done, I guess, but to be done right, it takes time.” All these years later, I remember sitting with her and her husband, along with their son, here in Newport, RI. They wanted their son to understand the process of finding a wealth manager. Ironically, he retired last week. Time flies.
In another conversation, a client told me some guy called him last week with a promise to double his income. Thankfully, my client said no. But it’s a reminder of how easy it is for others to tell you the grass is greener. There’s no skin in the game. What do they have to lose? You’re the one who’s taking all the risks. The current gravity for interest rates is a lot higher than it has been, but let’s not get crazy.
Action Line: Are you taking enough time to manage your affairs? Are you working with a fiduciary? I want to talk with you.
