Football And Baseball Aren't The Same Game
Have you ever watched an NFL football game? While watching the game did you compare either team to your favorite baseball team? Probably not because they aren’t playing the same game. As a retirement income planner, I often get questions from clients and potential clients on outperforming the market or investment performance in general. Maybe they heard on the “financial news” that the market was up X percentage that day, month or even that year and they wonder why their retirement portfolio isn't up the same percentage. Well simply stated, I am not a day trader or short-term trader. I’m a long-term, goal focused, plan-driven investor. I’m not playing the same game as the so-called “experts” on TV and radio, etc. I’m not playing a day to day game. I’m not even playing a year to year game.