Yearly Archives: 2003

­

Managing Your Investments in Times of Conflict

Breaking news of the world’s conflicts is available at every turn – on the television, in the papers, on the Internet. Every 15 minutes we can access the latest updates. “Explosions rock Baghdad.” “North Korea officially withdraws from nuclear arms treaty.”  “U.S. forces fired upon in Afghanistan.” By the time you read this, undoubtedly more breaking news will have surfaced.

Every report seems to produce volatility in the financial markets, with stock prices reflecting the ebb and flow of the military and political battles. While there are usually multiple factors that affect market movement, the financial press will often assign one explanation for the change, especially in times of geopolitical turmoil. “Stocks slide amid war fears.” “Markets tumble with added uncertainty.” “Stocks rally with successful campaign.”

It’s easy to be swept away by the reports, and it’s reasonable to worry about the impact the events will have on your investments. But successful investors don’t allow this noise to distract them from their plan.

Read Me

By |June 19th, 2003|Investing|

Does Your Financial Advisor Work for You?

McCann-webNot that long ago, people only met with a realtor to find out what houses he was selling. Of course, that’s no longer the case. Today, most people hire their own realtor when they’re ready to purchase a home, and that realtor represents he buyer’s interests, not the seller’s.

The same can be true of investments. While an individual can meet with an insurance agent or stockbroker to learn if any products that person sells might fit their needs, that agent or broker doesn’t necessarily represent the buyer’s interests — your interests.

More and more people are choosing to work with an unbiased financial professional who does not sell a particular product or try to make that product fit. Financial planners work with their clients to assess their needs, and then go out and find the solutions that best meet those needs.

Does your financial advisor work for you?

Mike McCann helps individuals know how to assess their advisor in an article for Round-up, the magazine of the Maricopa County Medical Society. Read More

By |April 19th, 2003|Financial Planning|