Whenever we are surprised by something, even if we admit that we made a mistake, we say, ‘Oh I’ll never make that mistake again.’ But, in fact, what you should learn when you make a mistake because you did not anticipate something is that the world is difficult to anticipate. That’s the correct lesson to learn from surprises: that the world is surprising.
At Pathway, we often find that clients are moved to seek out financial planning by the discomfort that comes from uncertainty. This uncertainty can be generated from many different sources:
• Maybe they are approaching retirement and suddenly, their spending plan will no longer be determined by the paychecks hitting their bank account regularly.
• Maybe uncertainty is coming from a big drop in the stock market, and they are wondering what impact it’s going to have on their life, and what actions they should be taking.
• Maybe they have inherited a large sum of money, and the perceived responsibility to “get it right” is scary.
When a client comes to us in that acute state of discomfort, we do not aim to plan away every bit of uncertainty, giving the client an unwavering path to future success. While that would be great, unfortunately we can’t anticipate every possible curveball that life might throw. Instead, we aim to help bring focus to what’s important and what is under a client’s control. We can collaboratively build a framework that helps a client understand what decisions are available to them, and the corresponding effects that those decisions are likely to have on their financial lives. We can illuminate potential paths to a successful financial life, as the clients define it.
Perhaps most importantly we can help clients develop confidence in their ability to respond to life’s uncertainty with intentional decision-making that is supported by the framework we create together.
IMPORTANT DISCLOSURE INFORMATION
Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Pathway Financial Advisors, LLC-“Pathway”), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Pathway. Please remember that if you are a Pathway client, it remains your responsibility to advise Pathway, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you would like to impose, add, or to modify any reasonable restrictions to our investment advisory services. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Pathway is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of the Pathway’s current written disclosure Brochure discussing our advisory services and fees is available for review upon request. Please Note: Pathway does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Pathway’s web site or blog or incorporated herein, and takes no responsibility for any such content. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.