Empowering Your Financial Future

A Collaboration with Jacobson & Schmitt Advisors and Empowered

Jacobson & Schmitt Advisors partnered with Empowered, the acclaimed educational series hosted by Meg Ryan, to bring public television viewers an insightful segment on navigating the complexities of investing. This special feature, designed for individuals and families embarking on their financial journeys, will highlight practical strategies, common pitfalls to avoid, and the importance of working with a trusted financial partner. Filmed at Empowered’s studios in Boca Raton, FL, the episode blends Jacobson & Schmitt Advisors’ client-focused knowledge with Empowered’s mission to provide clarity and confidence, helping viewers make informed financial decisions that align with their personal goals.

Highlights include:

Avoiding Common Pitfalls

To avoid typical investment traps and make better decisions:

1. Resist Emotional Decisions. Reacting emotionally to market changes can lead to poor outcomes. Stay focused on a plan built around achieving your long-term aspirations.
2. Ignore The Hype. Media often exaggerates fear and speculation. Pay attention to long-term trends, not sensational headlines.
3. Stay Invested. Timing the market is nearly impossible. A consistent, long-term approach yields better results.
4. Know What You Own. Complex portfolios with high fees tend to underperform. By understanding the role of each investment, you can simplify your financial life, build resilience for the tough times, and grow your wealth.

Following Best Practices for New and Seasoned Investors

Investing is a journey that demands thoughtful strategies for every stage of life.

1. Establish a savings plan. You will have different priorities based on what you want your money to do for you, as well as age, income, and unique opportunities.
2. Build a portfolio for you. Consider how much money you’ll need from your portfolio and when. That, combined with your own risk tolerance, will create the framework for how you invest.
3. Review your plan. As life happens, regularly review your plan and adjust it to stay on track.

For personalized insights and guidance, explore Jacobson & Schmitt Advisors’ resources: Financial Life Series.

Choosing the Right Financial Partner: Key Considerations for Success

Finding a reliable financial advisor is crucial for your wealth’s long-term growth and stability. 

1. Ask if they are a fiduciary. Acting as a fiduciary ensures an advisor acts in your best interests
2. Clarify fees. Understand the fees they charge and avoid potential conflicts of interest. 
3. Assess their ability to help. Evaluate their experience, approach to financial planning, and investment philosophy to ensure alignment with your needs. A good advisor values transparency, collaboration, and personalized guidance.

Asking thoughtful questions and conducting thorough due diligence will help you find a partner committed to your financial success. Discover the 12 essential questions to ask a financial advisor.

The information provided is for educational and informational purposes only and does not constitute investment advice, and it should be relied upon as such.  It should not be considered a solicitation to buy or an offer to sell a security.