The human condition finds most of us being short-sighted. What I mean by that is that we tend to get caught up in current events and what’s happening in the here and now, leaving us more often lacking as long-term planners. But beyond solving the short-term (short-sighted) of say, needing a paycheck to keep the lights on, we (investors) also have other aspirations for our money and what it will finance in the future. That growing balance in our investment account represents the accomplishments that coincide with our goals and desires. Will we have enough to pass down to our heirs or the charities that are near and dear to our hearts or the comfort that our nest egg provides as an emergency resource.
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Trevor is a Partner, Director of our Private Wealth Advisor Group, and Author of Thoughts on Money.
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