Invest.

Where Should I Invest?

Tub Full of Money

TUB FULL OF MONEY?!

I sat with a sweet 60-year-old gal at my office yesterday who had a tub full of money she didn’t know what to do with after selling the farm – literally.

There are 2 things I want to share from our appointment that really got me thinking.

Thing #1 – The Billion Dollar Question Every Investment Advisor Gets Asked

She asked the question everyone asks anyone who deals in investments at some point, “Where should I invest my money now?”

And my answer always is the same, “Yes, there is always a good place to invest, because what goes down eventually goes up, and when something is going down, there is an equal and opposite reaction (remember our good friend, Newt), someone is always making money somewhere.”

People will ALWAYS have a story around investing and mostly because it’s not going in their favour, however the truth remains – someone is always making money. Check it out this awesome chart which illustrates the best and worst performing sectors across the US economy over the last 10 years.

 

The Case for Diversification

CHART TAKE AWAY: THE COLORS ARE SCATTERED!!  Meaning, there is not just one sector that will consistently produce good results.  Hence why you NEED TO BE DIVERSIFIED and that there is always money to be made – somewhere and a great money manager will find those sweet spots!

Thing #2 – Be HAPPY Where You Are Financially!

On a very sad note, my client was sitting on a tub full of money because she was forced to sell her farm after her husband and daughter passed away.

Keep this in the back of your mind when you may feel a teeny tiny bit of money envy creep in – you never know how people come into money. Many times, people who come “into cash” have typically suffered a loss. This is usually a loss of a spouse, or close family member and received an inheritance, loss of a job and received a severance, loss of health and received a lump sum payout or disability payments, aging or ill and selling off assets, loveless lonely millionaire playboys on Wall Street who choose money over love or the sexy rich pool boy living with the old rich woman who suffered the loss of his balls!

Just a shout of encouragement for my friends with large mortgages, kids and getting started with careers or with small businesses where every spare cent goes right back in (this is me!) and the “feeling” that you will never get ahead, take heart. You will be financially okay, just keep on doing the simple little things like paying down your mortgage each month, making sure you have sufficient life and disability insurance, and tuck money away each month for the future.

BOTTOM LINE: There is always someone making money and it’s always a good time to invest (especially if you have time on your side) AND keep on keepin’ on with your financial plans! Be thankful for all the things that “spend” your money: your business, your education, your home to live in, your friends, your kids and grand-kids……because that’s what it’s all about.

 

P.S. If you really want to know where to invest your money, you will need to book an appointment with yours truly, MOI!  🙂