What should all investment clients know and understand? LNWM Client Advisor Sam Craig was asked that interesting question for an article in Alaska Airlines Magazine. Here is Sam’s answer (on pages 158-160):
“Investing should be done in context of life goals and as part of an overall financial plan. This helps guide your decisions, not just about investments and returns but about how to use financial tools to create the life you want.
Wealth means more than money. Making deliberate decisions — be it about the size of your mortgage or how to pass on the family business gives you much more control over your finances and your life. It also gives structure to your spending, your ability to deal with rsk and your plan for an active retirement. Operating without clear intentions is like operating without a rudder.”