Thirty for Thirty

Brian 1.jpg I started my career on August 30, 1993 when the S&P 500 Index closed at 459.  During this time, we experienced numerous dramatic declines in value.  Each decline felt as if the sun was not coming up the next day.  Politics, technology, inflation, the economy, currencies, debt ceiling limits, the financial services industry, viruses, mother nature and wars are constant concerns.  However, these are all external forces beyond our control.  The changes that happen in your own life are what matter most.  What has not changed is my office phone number and how I believe financial advice should be rendered.  The following items are meant to be discussed at length and are in no particular order.  They are the opinions of Magnan Family Wealth Management Group and not necessarily those of Wells Fargo Advisors.
  
  1. We believe that behavior is the dominant determinant of reaching goals.
  2. We define performance as the percentage of your portfolio in equities multiplied by an exponential amount of investor behavior. More importantly, goal achievement is defined as a coordinated plan multiplied by an exponential amount of investor behavior.
  3. Asset Allocation, Diversification, and Rebalancing are important concepts to understand.
  4. Faith, Patience and Discipline.
  5. Great past statistical evidence does not guarantee future performance.
  6. The relationship or correlation of equities to bonds has persisted over time.
  7. We act on the plan, we do not re-act to markets.
  8. Lower volatility can mean lower returns.
  9. Selling a well-diversified portfolio in a market decline is locking in a loss.  We have recovered from       bear markets in the past.  We believe that trend will continue.
  10. Historically, about one year in every four, the United States equity markets have a negative calendar year return. (The Balance, ‘Years of Stock Market Returns’)
  11. The average Bear Market declines about 34%.  (ChartSource®, DST Systems, Inc., 2017)
  12. The correlation of the stock market to the economy is low.
  13. The average Standard & Poor’s 500 index calendar year decline since 1946 is about 14%. (American Funds  from Capital Group, ‘Long-Term Investors Can Weather Market Declines’, 2015)
  14. One Plan, One Planner.
  15. Short-term outlooks are narrow minded – both on time horizon and asset class.
  16. Complexity can seem attractive – but it doesn’t guarantee better returns.
  17. We live in a timing and selection culture. Ask NOT what is working today, ask what has worked over time.
  18. Client outcomes are more important than investment outcomes.
  19. How we experience a bear market determines your success. Proper planning and behavioral preparation may increase our probability.
  20. When they are underperforming, ownership of the great companies in the world can seem like the worst investment. However, we believe they provide the best chance for growth and maintaining your lifestyle in retirement.
  21. In our opinion, losing money feels 10x worse than making money feels good.
  22. Money is a means to an end, not the end itself.
  23. Longevity is one of the most overlooked risks in retirement.
  24. We can’t predict but we can prepare. 
  25. Heath is more important than wealth and sunsets are free.
  26. Time is a greater resource than money.
  27. Pessimism sounds smarter than optimism.
  28. Everything has a cost.
  29. Humans seek certainty – Reality is anything but.
  30. Family over finance.
Magnan Family Wealth Management

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