How Richard Dwayne Blair Helps New Clients At This Investment Firm

Richard Dwayne Blair is an entrepreneur who established his own company in the financial industry. This company is Wealth Solutions, Inc. and it is based in the greater Austin, Texas, region. He says that in his opinion everyone needs a financial advisor if they want to hit their financial goals whether that is retirement or other reasons. He helps people in the community by going through three steps with each of his new clients. He said this gives him a very good idea of where they are at financially and how to get them to where they want to be.

The first step is to talk to the new client in order to identify their strengths, goals, financial education, and their risk tolerance. This gives him a way to build a financial roadmap that is personalized for each client. He also identifies during this first meeting what they expectations are and any concerns they may have. He says that this first meeting lays the groundwork for a very effective working relationship with his clients.

The second step is to write down an effective investment strategy that will help his client reach their long-term investment goals. This includes making sure they have sufficient liquidity in their account. He then actively manages the client’s investments which includes rebalancing the accounts between different asset classes such as bond and stocks. Without rebalancing the account can drift off from the risk tolerance each individual client has. Richard Dwayne Blair also seeks to take advantage during times the market is in an upward movement while mitigating the losses when the markets have corrections and/or bear markets.

The final step is to look to the client’s insurance needs. This includes products such as life insurance, annuities, and long-term car insurance. This gives his customers peace of mind.

Richard Dwayne Blair attended the University of Houston where he earned an undergraduate degree in financial management services. He manages over $52 million in assets under management at Wealth Solutions. He earned his securities registration in 1995. After briefly working for an investment firm after graduating from college he decided to open his own offices.

 

Stocks Mampilly Sees Positioned For Success In 2018

Paul Mampilly used to be a wealth manager for a hedge fund’s clients, but now he’s a newsletter author who tells people which stocks they should buy while at a low price, and which ones they avoid. Mampilly said recently that 2017 was one of the top years for investing, but 2018 may bring some changes. Some stocks like healthcare could suffer downturn, while stocks in the Internet of Things category could see an uptick. These stocks would be digital currency technology like blockchain, more disruptive app companies and companies based in robotics, artificial intelligence and smart technology. Mampilly even predicts self-driving vehicles may not be that far away.

Paul Mampilly has been known for seeing stock market events before they happen including predicting the rise of Facebook and Netflix, and predicting the dot-com and housing market crashes. While the wealthy clients may have been originally who he catered to, he left that life and came to Banyan Hill because this editorial website wanted to provide information that came at a premium but could be more affordable than most other newsletters. Plus Mampilly’s information can be trusted whereas most other newsletters claiming to have inside knowledge of stock trading usually are more concerned about making a profit instead of offering the right advice.

Paul Mampilly didn’t come from a wealthy family at all. Instead, he immigrated to the US from the UAE where his father had moved to from India to send young Paul to university. After graduating Montclair State University, Mampilly spent over 10 years in banking at ING, Deutsche Bank, Banker’s Trust, Sears and a private Swiss bank. In 2006 he joined Kinetics International Fund where he advised clients in alternative investments, and the company portfolio reported gains totaling over 40% in annual returns. As a result, Mampilly was able to raise the assets under management to $25 billion putting the firm on a feature page in Barron’s magazine.

In 2008, Paul Mampilly was invited to enter the Templeton Foundation investment competition, a year-long competition which would reward participants based on the returns their investment made. Mampilly picked a stock that grew in spite the recession and yielded a 76% gain to his $50 million investment. He left Wall Street and joined Banyan Hill in 2016. His first newsletter was “Profits Unlimited” which had its skeptics at first, but soon it grew to over 60,000 subscribers as word got around that his investment advice worked.

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How Not to Kill Your Nest Egg

$1 million was wagered by Warren Buffet for a charitable cause. He bet that he could do better with his investment than a bunch of hedge fund managers and he was right by the looks of it. According to Buffet, there are just too many funds that are too expensive and just plain mediocre. These type of funds normally end up shortchanging investor I the long run. However, Buffet has a different strategy when it coms to investing and it’s known as a bottom-up style of investing that has been proven to work over many decades. This type of investment strategy involves analyzing companies and building a solid portfolio.

Consumers should always be very wary of product labels because many mutual funds provide poor or so-so returns in the long run. This is because of high management fees and excessive trading that hurt the investment. The costs of passive index funds are usually unknown and even underestimated. The point is to get good long-term returns for your investment and in order to achieve that, you need to keep your costs low.

It has traditionally been thought that passive index funds are a safe bet, but it has been proven over time that this is not the case. Index funds have their moment but they will give you absolutely no cushion in the event that the market declines. The best way to grow your nest egg is to always do better than the crowd in bad times.

On average, the managed fund tends to do worse than the market but there can be exceptions. It’s normally better to grow over a length of time rather than to get rich quick. To be successful¬† investments be sure to keep your costs low and invest with a fund manager who is as invested as you are. You will stand to do a lot better.

Tim Armour has been providing his investment expertise to Capital Group for thirty-four years and began in the Associates Program. He holds a bachelor’s degree from Middlebury College in economics and is based out of Los Angeles to learn more:¬†https://www.thecapitalgroup.com/us/about.html click here.