As I was wrapping up my morning routine today, I considered skipping my workout to get into the office a bit earlier. This is a recurring discussion with myself. Fortunately, my workout self usually wins the debate by reminding my slacker self how much better I feel and how much more productive I am after I workout.
As I write this I can see what can only be described as a swarm of 20-somethings wandering around Occoquan, the quaint small town where our office is located, with their smart phones leading them to and fro.
Even those who don’t watch so-called reality television programs know that a common theme is to allow contestants to demonstrate their talents in an effort to win the grand prize and hopefully move on to a rewarding career after the show.
At Safe Harbor we believe that the key to successful long term investing is maintaining an appropriate asset allocation among stocks, bonds, and cash reserves that is congruous with risk tolerance, time horizons, and return requirements.
Once an individual or family has reached a point in their lives that they have enough income to easily pay their basic living expenses and other bills, they often desire to put their excess monthly cash flow to work in an investment.