Going the distance.
Our second part of F.I.T. for purpose follows our post on 4th April this year and deals with what kind of ‘runner’ you are.
Different runners require a different physique and rather like investments, differing strategies.
Sprinters and marathon runners have the opportunity to win gold in their respective events and names such as Usain Bolt and Mo Farah inspire people to take up different sports.
Let’s have a brief look at three different styles of runner and see which one best describes your financial ‘running style’.
Sprinter: If you fail to prepare, you prepare to fail.
You want to get things done quickly. You need to make choices for the future and are willing to invest time but you don’t want to hang about!
You need to flex your financial muscles for a quick return or solve a pressing issue. Like a sprinter, you need to focus your attention on power and pace and you need an explosive start with a quick finish.
You see sprinters are driven by short-term goals, to get to the finish line as quick as humanly possible.
From tax efficiency, coping with a death in the family, setting up a trust, or the most effective way to invest in a business opportunity we can help you get off the blocks quicker than most – but without tripping up!
Middle Distance: Most people don’t run far enough on their first wind to see if they have a second.
Middle distance runners get the plan. They have a fair distance to go and while results are important, they are willing to wait for the right moment to gather momentum.
From putting money aside for a house deposit or your son or daughter’s education to investing in a property deal, you need to be strategic. You are putting things in place for a mid to long-term return.
Having an independent, impartial and whole of market approach we take the time to ensure that the miles you travel are worthwhile.
So, if you are more Roger Black than Linford Christie, then let’s help build a strategy that goes the distance.
Marathon: Don’t stop when you’re tired, stop when you are done.
Marathon runners are lean. They don’t carry too much weight. They have a remarkable ability to go the distance. Their goals are BIG and they are prepared to invest time to get to the finish line.
This kind of distance goes beyond the running track, featuring road running and cross country. Navigating the different terrain is often as important as the distance run.
So, what does long-term investment mean? Ultimately it means dignity and independence over a three-decade retirement and then, legacy. Whether it’s for your family or a cause that you’re passionate about we can help you go the distance – stay focused, even when the ground seems too rocky to stay the journey.
At GL Integrity, while we’re are as enthusiastic as the fans who cheer athletes on from the sidelines, we also see ourselves as the coaches who give you the strategy to compete among the best, stay the course and pick up the medals.
So when it comes to financial planning, which is your ‘running style’?
A Sprinter – Do you have things to get done quickly to receive powerful gains in record time?
The Middle-Distance runner – Pace setting with mid-term goals, maximised?
Or the Marathon man or woman – Going the distance to ensure your legacy for you and your loved ones is a lasting one?
Or, maybe, unlike the athletic running events, with financial ‘running’, you’ll be getting fit in all three?
As always, if our approach resonates with you, we’d love to help you make a start on your journey. Just give us a call, drop us an email or pop in and we’ll facilitate your tailored GL Passport as your first step, with our compliments. Otherwise, enjoy the updates!
Until the next time, let me leave you with this quotation:
“A champion is not made when he succeeds; a champion is made when you look back at the seconds, minutes, hours, days, weeks and months he has spent preparing” – Eliud Kipchoge, long-distance runner.
Certified Financial Planner™ professional
Chartered Wealth Manager™
Investors should remember that the value of investments, and the income from them, can go down as well as up. This update has been produced for information purposes only and isn’t intended to constitute financial advice; investments referred to may not be suitable for everyone.