Englewood, New Jersey – Pretty much everyone has received the “big tip”, the “can’t-miss investment opportunity”, or the “next home run stock” from a relative or a guy writing it on a cocktail napkin.
“All too often these opportunities turn to big losses and bigger disappointments,” said Jason Blumstein, CFA®, and founder of financial and investment advisory firm Julius Wealth Advisors, LLC (www.juliuswealthadvisors.com). “The bottom line is that planning for your financial future is not a get-rich-quick process. It takes discipline, patience, and education. Regardless of your age or how much you’ve saved, I’ve often found it best to not get drawn in to this type of advice.”
The bottom line, according to Blumstein, is that in most cases it’s better to hit singles or doubles over time rather than hoping for that home run which will deliver a comfortable retirement.
“Our strategy is to manage a client’s expectations through ongoing education, communication, and what we call financial literacy,” he said. “If you like a company’s business model, its financial growth, and its management team, it might be worth taking a closer look,” said Blumstein. “This is part of our financial literacy program.
“Our philosophy to wealth creation involves a proper mind set, literacy, and discipline,” he said. “It all starts with education and the acknowledgment that there is no magic elixir.”
Blumstein frequently works with clients who are in a panic mode because they have delayed a wealth-building plan.
“These people are more likely to invest in very risky opportunities, with hopes of catching up overnight,” he said. “It rarely happens. With one big failure, they fall even further behind.
“Our goal is to show them that with small, consistent steps, they can build significant wealth over time.”
Blumstein’s plans are customized to a client’s needs and timeframes. The process involves:
- A philosophy guided by the principles of Warren Buffett and Jack Bogle which emphasizes owning high-quality assets for decades, not days, while seeking downside protection and controlling the drag of cost and taxes.
- Research and invest in assets that exhibit certain quantifiable characteristics that have been demonstrated to deliver more favorable long-term, risk-adjusted returns – not every time, but over time.
- Ascertain an investor’s needs, ability and willingness to own a business. The goal is to personalize a solution that meets unique situations, allowing the clients to stay the course with long-term peace of mind.
Throughout the process, Julius Wealth Advisors, LLC, (www.juliuswealthadvisors.com) places a premium on relationships with clients who look to the firm for guidance during good and difficult times.
Julius Wealth Advisors, LLC, is built on three pillars -- integrity, knowledge and passion. The firm’s services include behavioral coaching, financial planning and investment management.
“Unlike the typical financial and investment advisor,” said Blumstein, “we believe in offering more than just numbers on a quarterly report. We are here to help you identify long-term financial goals and create a tailored plan to achieve them. Plus, we offer behavioral coaching to support better decision making in the future.”
Blumstein also points out these plans change as lives and personal situations change. These can include marriage, becoming parents, an illness, a divorce, career change, and ultimately financial freedom. Regardless of these situations, Julius Wealth Advisors, LLC, stresses the disciplines necessary to reach any of these goals.
For More Information :- http://www.juliuswealthadvisors.com/