The new half-day workshop titled, What To Do Now is helping financial advisors during these difficult times. Many are replacing lost assets in a matter of weeks that were lost in the last quarter. The opportunity to grow your business is outstanding, see what others are saying.
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I finally had the opportunity to use an Amazon Kindle and fell in love with this technology. What a great way to read a book or newspaper. I enjoyed the PC Tablet when it first came out because of its ease of use and comfort in reading. This is even better. If you are in the US this is great technology.
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The following is a sample letter you can change to you own words and email to your clients. Include the full hyperlinks to the articles if you do not email. Add your clients first name for Client and your name for Advisor.
We are lucky today to have two great resources from knowledgeable experts to help us focus during these turbulent times. The Fed Chairman Bernanke Spoke to the Economic Club of New York, NY on October 15. Read it here: He made four important points:
1. This is not 1929-32 - we learned from our mistakes. Hover waited three years to respond and then tightened money. Fed acted immediately and loosened.
2. Fed Reserve has doubled in size, giving it a greater ability to impact the economy positively.
3. Everything hinges on the banks lending money again.
4. Therefore the Fed’s money will be used to stimulate the economy, if a bank does not lend money they will not be given money. They will learn quickly to start lending.What controls the market? What makes the Market go up? Cash flow. What makes the market go down? Lack of cash flow. Cash flow into the economy is cash into the market. The infusion of $800 billion into the US economy by the Federal Reserve will be a stimulus.
The press continues to encourage investors to watch what the institutional and hedge fund managers are doing as an indicator for what they should do. And because they are selling, so should the investor. This is foolish advice, because institutional managers, during the extremes of the market, are never doing what they personally want to do. Because of redemptions during crashes and infusions of new money during rallies they are forced to liquidate or invest against their own best judgment. Investing is counter intuitive. One of the great counter intuitive investors is Warren Buffett. Read his letter to the New York Times here.
If you feel your risk profile has changed and would like to redo your risk profile analysis, we will be happy to help you.
Over the past several weeks we have talked to many people who are worried and fearful. They had no one to help them understand their situation. If you know someone you respect and value who is worried, there is no need from them to be in that situation. We’ll be happy to take them through the same analysis we use with each of our clients, at no cost or obligation, to make sure that they know where they are today, where they want to be in the future, and have a plan of action to get there. We do not what someone you care about to be afraid. Send them an email and say, Client I want to introduce you to Advisor, Advisor I want to introduce you to Client. Here is your contact information, you two should talk.
Follow this letter with a call to the Top 25 repeating the last paragraph.
The following is an excerpt from the new Second Edition of Attract Clients that will be available soon.
There are times when the biggest difficulty you face in business is getting clients to commit their funds to an investment choice. Perhaps they agree with the concept of fee-based assets and even go so far as to say they want to place their money with professional managers, but then the question becomes not so much what to do or how to do it, but more importantly when. When is the best time to make the change and move the assets?
Humans are idea creators. We are constantly thinking up new ways to do things. Sometimes this can be distracting. [David Seah](http://davidseah.com/) describes the problem this way.
>I’m sometimes distracted by too many project ideas. When the ideas pile up, my productivity sinks because I keep thinking about them, and multitasking slows me down. To keep focused, I evolved a mind trick called The Pickle Jar…
This is a simple way to control the inflow of new ideas so they do not disrupt you and your team.
Personal Productivity - Part Four
Whenever you lose clarity about what to do next, or your mind feels like it is wading through mud, try this simple five step process.
Personal Productivity - Part 2
Before attempting to think about the future of your business, it is often necessary to clean up all the clutter collected from the past. In this podcast we discuss a simple method to eliminate all the mess.
They are a community of people who see the value of paper as a medium for planning, productivity, creative expression, and exploring ideas. They encourage visitors to share advice and inspiration, and they love to see submissions for templates, kit images and story articles. They are also the official home of the free D*I*Y Planner kits. For more information go to www.diyplanner.com
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