Today’s Objective <br />Using stories and analogies to keep it simple<br />
What’s the most popular flavor of ice cream in the world?<br />
<ul><li>Your job is to influence and persuade. The higher up the economic chain you dare to go, the more money you will make.
If everyone understood everything you said, you would be the richest person on earth.
Become an effective storyteller. The whole world loves a story teller.
Keep it simple. Simple is beautiful. Simplistic is naïve.
Vanilla, vanilla, vanilla</li></li></ul><li>Vanilla<br />I believe more in the scissors than I do in the pencil. Truman Capote<br />Broadly speaking, the short words are the best, and the old words when short are best of all. Winston Churchill<br />Storytelling is the most powerful way to put ideas into the world today. Robert McAfee Brown<br />
Let me tell you a story about Camden, Maine<br />
Moral?<br />I understand that my definition of outstanding service is not as important as your definition of outstanding service <br />
Top<br />Tier Advisors<br />Make Excellent Use of Stories <br />And Analogies<br />
Morgan Stanley’s website<br />“In general, the longer a bond's maturity, the higher its yield. Longer-term bonds are exposed to more market volatility and price fluctuations prior to maturity than shorter-term bonds. Thus, typically long-term bond investors are compensated with higher yields in exchange for this market risk exposure.” <br />
My friend Bim<br />“You date a CD. You marry a bond.”<br />
Investopedia.com<br />“Identifying areas where the price of an underlying asset has been unjustifiably pushed to extremely low levels is the main goal of many technical indicators such as the relative strength index, the stochastic oscillator, the moving average convergence divergence and the money flow index.” <br />
My friend Paul<br />“As the stock market is being pushed lower and lower by bad news, picture a beach ball being pushed underwater. The further you push it down, the higher it goes when you let go.” <br />
Wells Fargo’s website<br />Organize your retirement resources - If you have a number of retirement accounts at multiple financial institutions, it may make sense to consolidate them.<br />Understand your income needs - Be sure to consider increasing costs (due to inflation) when you figure out how much annual income you will need.<br />Manage your risk - Saving a portion of your assets in stocks may provide the growth potential necessary to outpace inflation.<br />Create your retirement paycheck - Consider the effects of inflation, market volatility and income taxes when you’re deciding how to withdraw funds. <br />
My mentor<br />“Did you pay more for your last car than your first house.” If so, that’s why you need to buy equities.”<br />
Not just a pencil</li></li></ul><li> Dollar Cost Averaging<br /><ul><li>Investing your money is like buying seasonal clothing</li></li></ul><li>Fees and Commissions<br /><ul><li>$250 fee from doctor
Commission conscience or results conscience</li></li></ul><li> Gathering Assets<br /><ul><li> You can’t have two accounts</li></li></ul><li>“I want to think it over”<br /><ul><li>Sixty miles in one hour