How Does Your Portfolio Measure Up?
Please Vote For Us!
The Value of Tracking Your Progress
The Pantagraph’s annual Readers’ Choice Contest is here once again! This is an opportunity for you — the readers — to nominate and vote for your favorite businesses, services, restaurants, and entertainment in our region. And we would love your help! If we have “wowed” you, supported you, or made you feel welcome, we would appreciate a nomination (and later, hopefully, your vote!) for the Readers’ Choice Awards “Best Financial Planning” and “Best Investment Firm” categories. You can nominate McBeath Financial Group from Aug. 31 through Sept. 20 at Pantagraph.com . Search for “Readers’ Choice,” and nominate us under the “Best Financial Planning” section. You can even nominate us every day! Voting for the top five nominations in each category will begin in October.
Hi, everyone! It’s Krista McBeath again. Whenever I think of the
beginning of the school year, I often think of a particularly sweet tradition we do with Jillian at Cornerstone Christian Academy. At the start of each
school year, we snap a picture of Jillian in front of the school’s sign, like many other parents and
students. When the year ends, we snap another photo. It’s always fun to see how Jillian has grown throughout the year and to look back at how much she has changed in just a few years of school. Much like the changes we see in Jillian year after year, your financial portfolio is created to grow and develop. We’ve likely created your plan for long-term growth, which means we will eventually have a long track record of where you were, where you are today, and where you may end up as your portfolio continues to grow. As you age, and as your needs and family change, your goals can adapt, too. Your portfolio should reflect this, and tracking this progress can be beneficial in helping us continue to plan for your future. I use specialty software to help measure your portfolio’s progress. It tracks our movement toward your goals and leaves us with a significant backlog of your portfolio’s history. This can be useful in a number of ways. To start, measuring your portfolio on a regular basis gives us an accurate representation of how aligned we are with your goals. This measurement will give us an idea of how much more aggressive we need to be, or if we need to be more realistic in the goals we help you set. If we don’t regularly measure this, then we risk missing the mark when it comes to your future and retirement. Portfolio measurements can also help us make important decisions or give you peace of mind during market downturns. We all experience downturns as our portfolio progresses, and concrete evidence and feedback from the last downturn can help us prepare possible adjustments or strategies for these moments. As we continue through this COVID-19 pandemic, this measurement is becoming even more vital to our plans. If you would like to learn more about measuring your portfolio, give us a call to set up an appointment. You can also visit McBeathFinancialGroup.com/wealth-management-tools for more financial planning educational tools.
Thank you so much for your support! We’re honored to serve you.
—Krista McBeath
309.808.2224 3
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