Play the hand that's dealt

Most investment advisors want clients and prospective clients to understand that managing money is personal and specific to their unique financial situation. At Haley & Summers Wealth Management, we agree -- which is precisely why we strive to develop and maintain open, honest relationships with each and every one of our clients. With that said, while there are no black-and-white rules that work 100 percent of the time, we do have some guiding principles that dictate our approach to growing your hard-earned wealth. 

Play the hand that's dealt

A lot of people listen to CNBC and other programs thinking they're getting valuable perspective from market insiders. (It's like spending an hour with your local fortune teller, right?)

Not so much. In fact, we think a lot of these shows ought to post a disclaimer at the top of every hour: "Listen at your portfolio's own risk." While there is nothing inherently wrong with market forecasts, you must remember to play in TODAY'S environment. Trying to predict the unpredictable is futile. 

An example: Today's interest rates are low by historical standards, making bonds and CDs quite unpalatable to us. We aren’t sure when rates will rise, but we know that when they do, bonds will be negatively impacted. We have little interest (pun intended) in subjecting clients to undue interest rate risk for today’s meager yields. When rates rise, we may change our tune and buy some bonds. Until then, we have to play the hand we’re dealt.

Thank you to all who have chosen to partner with us on this long and winding journey. It is an honor and a privilege to represent you.

Happy Investing! 

Jeff