How am I different than other so called advisors and planners?We are in a recession...how do I react vs. them? |
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How I do it. |
How They do it |
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| Proactive- I am proactive with my clients at this time making sure that they are taking advantage of the market situation. | Reactive- Commission based advisors are afraid to pick up the phone because they don't know what to tell their clients to prepare them for this market. | |
| Take advantage- of opportunities that are available in the market, things that are more meaningful to our clients and are of more value. | Retreat- Most money managers in the traditional sense are hiding from their clients in this market and are afraid to make suggestions as to how to plan going forward. | |
| Value Opportunities my clients are being patient, which is how I coach them. They can evaluate our current situation and have peace of mind knowing that throughout history markets have returned to more stable and efficient markets. Our clients are readily aware of the calculated and controllable risks of their portfolio. | Shenanigans- The market is focused on the very culprits who got us into this mess. They charge big fees to give you the opportunity for them to speculate with your money. They focus on short term gains and higher risks than our clients. Their methods of planning are based on trying to predict the market by timing, and looking at track records and by picking stocks that they think will perform. | |
| Abundance Mode- my clients are coached through the opportunities we can transform into peace of mind for them and their families .Mainly because I have cleared up any confusion they may have about what's going on in the market. | Scarcity Mode- The traditional model of
a financial planner/advisor is running scared and fearful of the markets
and their clients are confused as to what is going on in the markets right
now.They are subject to the sort of hot money inflows and outflows that
blight other fund managers. That in turn becomes a source of strength,
as it helps to keep our costs low. |
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| Prepared- my clients and I are prepared for whatever happens in the market because I will coach them through the confusion with materials I present and send them. | Afraid- The media is reporting a long term recession globally and that fear is spread by their predictions. The paralysis by analysis mode is frequently prevailing. | |
| Seminars, Webinars and my blog are actively shown to keep clients abreast of what's happening thus ensuring peace of mind for the long term. | Wait and See Attitude- Because of fear and frustration their attitude is to wait out the storm and see who stays with them. Hoping for the best instead of making the best of the situation. | |
