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Robert Trasolini Financial Advisor 

Investing In Volatile Times

Investing is not one size fits all and it is crucial to understand what your individual goals are when it comes to to investing your money. This couldn't be more important then right now in the volatile and uncertain times that we are experiencing . With markets like today, often your emotions can fluctuate with the ups and downs of the market. This can have huge repercussions for your finances if you do not have a strong game plan. Understand what kind of investor you are and how much risk you want included in your portfolio. If you want full exposure to the markets and want to set up a self directed investing account to maximize your gains, then great. Just make sure you have some money set aside in case of a rainy day. If you want less exposure to the markets and less risk looking for safer investments with guarantee's and more conservative gains, then this is possible as well. Maybe you want a bit of both, a little exposure to the markets to capitalize on any upswings but a stable platform of conservative investments to limit any losses. This too is possible and may be an adequate strategy. There is no wrong strategy as long as it is implemented correctly because if it is not then you can lose money with any options under the sun. It is crucial to talk to the right people when you are investing and ask questions. Be honest with what you are comfortable with and then pick a team that can, create and implement your plan correctly. No matter what way the market is going you can always make money and lose it.  It is about picking your strategy and implementing it correctly.

WHAT DO I THINK?

Most people will ask me, what are you doing with your investments and what do you think is going to happen to the markets in the future? In my honest opinion I do not see the markets getting much better for a few reasons. 1) The problems in Europe haven't even started. 2) China is beginning to struggle even though this topic has yet to receive much publicity 3) the U.S has huge debt problems and they seem to be solving all issues by printing more money. This has left me a bit bearish with the markets however this is not to say I have no exposure and there are not ways to make substantial amounts of money in this area. I must admit I am a bit more conservative looking at investments like income and bond funds that are performing well and tend to perform well even in volatile markets.

Have a question or want more info?
Comment below or email robert.trasolini@globalassociates.ca
 
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A Financial Plan

My Approach

People invest for different reasons, with different goals and different motivations. Some think short term; others, long. Some may be planning for retirement or are seeking to preserve their assets in retirement. Many parents want to provide their kids with a post-secondary education. Others are simply interested in growing their assets. Who doesn't want to minimize taxes?
As is true for much else in life, having a strategy is key to achieving the outcome you want for your investments. You can take a fly by the seat of your pants approach making decisions on the fly but having a plan is more effective for achieving your goals; especially financial ones. This is why it is important to look at a plan with a "holistic" approach, one that lookes at finances from all aspects that are important to that person. It is important to understand that one can not get the most value for their money without knowing the purpose their money serves. 

Know Yourself

A key starting point when it comes to investing is to know yourself. It is important to determine an investor profile. Outline financial aspects in your life like your fianncial goals, your time horizions, risk tolerance, financial knowledge and financial situations. These are crucial things to talk about first with a financial advisor.

Education

Education is one of the most important aspects of this industry that is often over looked. In my opinion It is the sign of a good advisor and also I feel the desire to learn is a sign of a good client. Clients should be educated on the details as to why certain things are done and how to make informed decisions on their own. Some advisors feel their job is easier and more enjoyable if their client knows very little about what they are talking about. However I have found just the opposite, it is much more rewarding talking with a client that has some knowledge in an area or educating a client on different areas rather than leading them down a direction they know nothing about. Simply put education leads to a better financial plan with happier and wealthier clients.

Use Advice

The connection between you and your investments should be someone with the expertise and impartiality to guide your choices and decisions. You want someone who has your best interests at heart and not their own or company they are working for, this is the true first step in determining your investment strategy. Whatever you may be investing for, invest with guidance to overcome the emotions that interfere with finding and sticking to a strategy.