Today’s show comes to us from an article published by Michael Kitces’ team titled, “Questions, Not Answers: Conversations For Advisors To Navigate Clients’ Anxiety Around Change” released on May 4, 2022.  Investors, particularly in turbulent times, can have narratives that will compound the negative impacts to their finances.

Often, an advisor's reaction is to tell the client that their plan is working, and not to worry.  But as we dig into the area of personal finance - that's often not helpful. The article advise to encourage a client to form new personal narratives, instead of addressing their stressors, can help them understand and implement new perspectives that make it easier for them to address challenging situations in different (and often more successful) ways.

There are steps that you, as an investor, can take right now.

1. Work with a financial professional that is more interested in listening that talking.
2. Be proactive in your financial plan.
3. Ask yourself narrative changing questions.  We can assist you this step.
4. Use resources, such as, Monte Carlo simulations or other technological tools that can run probability scenarios.
5. Expect the market to go through normal cycles.
6. Know the difference between diversification and allocation.
7. Measure and Monitor what matters.
8. Meet periodically with your financial professional to make changes when necessary.

If you'd like help with your financial future, and want to talk to Michael, Stacey, and the team at Optivise, you can visit our website at https://www.artofwealthunbroken.com/

Or give them a call at 855-378-1806.  They'll get you your free Arc of Life report, tailored to your own individual circumstances.