Explore Our
“Off The Wall” Blog

Unique, straight-forward, unfiltered opinion on topics of concern for individuals with newfound wealth.

Don’t End Up on the Teacup Ride of Investing

investingdisney

Disney World has everything! It’s exciting. From those teacups that spin–which I don’t understand why anyone does that–to simple cartoon-themed rides. Sometimes you have to wait hours for a ride and sometimes it feels like everything just works. This is from personal experience… My family spent some time in Disney World and (true to form) I thought about investing while I was there.

The stock market is a lot like Disney – you can choose your own adventure.  It can be overwhelming – what is the best way to get the most out of your time and money? Investing, like waiting in line at Disney, requires patience and time.

 

No Skipping to the Front of the Line!

It’s hard to get rich quick in the markets, just like it’s hard to skip the lines at Disney.  You can get a certain number of fast passes at Disney that allow you to skip the line. Just like picking stocks, you get a few winners but most of the wealth created is through compounding–not a moonshot like Space Mountain. The two best investors are patience and time.

 

What Are Your Have-To’s?

Most people visit the park with a few “have to” rides and a lot of “want to” experiences. Our “have to’s” were Peter Pan, Frozen, and those funnel cakes.

Below is Monument Wealth Management’s “Have To” List for investing – the Have To list helps you make sure “everything just works”…

  1. A wealth plan, or even better…a Private Wealth Design
  2. An investment strategy in concert with your plan
  3. And finally, a poncho – mickey ears optional – it rains a lot in Florida just as there are storms in the market

Without clearly defining your Have To’s, you’ll likely end up with the teacup experience, going in circles and ending up with a tummy ache.

In isolation, the checklist alone won’t suffice; we need something more thoughtfully calibrated.  With the right team and the right tools – a plan, patience and time – both Disney World and investing can be rewarding.

–Ro

 

Rohit P. photo

Rohit P. Punyani

Private Wealth Advisor

Tides Edge—This is the name of the street in southern Maine where Ro vacationed after college graduation. While relaxing on the beach, he became completely transfixed by a book his Econ professor gifted him—Market Wizards by Jack Schwager. By the end of the book, Ro decided that instead of entering into his accelerated pre-med program as planned, he would head straight to Wall Street. He says this was the best decision he ever made.

Learn more ...

IMPORTANT DISCLOSURE INFORMATION

Please remember that past performance may not be indicative of future results.  Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Monument Capital Management, LLC [“Monument”]), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful.  Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions.  Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Monument.

Please remember that if you are a Monument client, it remains your responsibility to advise Monument, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you would like to impose, add, or to modify any reasonable restrictions to our investment advisory services. Unless, and until, you notify us, in writing, to the contrary, we shall continue to provide services as we do currently. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Monument is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of Monument’s current written disclosure Brochure discussing our advisory services and fees is available for review upon request or at https://monumentwealthmanagement.com/disclosures/. Please Note: IF you are a Monument client, please advise us if you have not been receiving account statements (at least quarterly) from the account custodian.

Please Note: Monument does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Monument’s web site or blog or incorporated herein, and takes no responsibility for any such content. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Historical performance results for investment indices, benchmarks, and/or categories have been provided for general informational/comparison purposes only, and generally do not reflect the deduction of transaction and/or custodial charges, the deduction of an investment management fee, nor the impact of taxes, the incurrence of which would have the effect of decreasing historical performance results.  It should not be assumed that your Monument account holdings correspond directly to any comparative indices or categories. Please Also Note: (1) performance results do not reflect the impact of taxes; (2) comparative benchmarks/indices may be more or less volatile than your Monument accounts; and, (3) a description of each comparative benchmark/index is available upon request.

Stay up to date!

Subscribe to our “Off the Wall” Blog for articles and videos on all things wealth management, by all members of our Team. Unlike Facebook, we will never share your data with anyone.