Seeking Financial Advice: My Journey to Investing Wisdom
Investing can be a daunting journey, especially if you’re navigating it alone. I recently had the opportunity to speak with Empower, a financial advisory service offering free consultations for individuals with over $250,000 in investable assets. Here’s a glimpse into my investing journey and the transformative experience I had after speaking with a financial professional.
The Start Of A Turbulent Investing Journey
My investing journey began in 1995 when I opened my first online brokerage account with $500 earned from working at McDonald’s. I dabbled in day trading, only to lose most of my money within six months. The lack of guidance and understanding of investing led to my early setbacks.
The Rise of the Stock Market Addict
Working on Wall Street only fueled my addiction to stock trading, leading to career-limiting moves and financial setbacks. It was a cycle of addiction that needed to be broken.
You Are Not Smarter Than the Market—Stop Trading
Learning the hard way that day trading is not a sustainable strategy was a turning point. I realized the importance of long-term investing and seeking guidance from financial professionals.
A Financial Professional Helped Cure My Addiction To Trading
In 2013, I sought the help of a financial professional at Empower (formerly Personal Capital). Their guidance and expertise helped me realign my investment strategy and adopt a more long-term approach to wealth building.
A Blind Spot My Financial Professional Showed Me
Through consultations with my financial advisor, I discovered blind spots in my asset allocation and investment strategy. Their insights helped me make informed decisions and optimize my portfolio for growth.
Finding The Courage To Take More Risk
With the encouragement of my financial professional, I took steps to invest more aggressively and diversify my portfolio. This move ultimately led to significant growth in my investments and overall financial health.
Who Should Speak To A Financial Professional
If you’re experiencing major life events, approaching retirement, facing financial challenges, or seeking a second opinion on your financial plan, speaking to a financial professional can provide valuable insights and guidance.
Questions To Ask A Financial Professional
If you’re considering a consultation with a financial professional, asking key questions about investment strategies, asset allocation, and long-term financial planning can help you make informed decisions about your wealth management.
Make Sure You Have A Financial Plan
Developing a solid financial plan and sticking to it is key to long-term financial success. Whether it’s through consultations with a financial professional or self-guided research, having a roadmap for your financial future is crucial.
FAQ
Who is eligible for a free financial consultation with Empower?
Empower is offering free financial consultations to individuals with over $250,000 in investable assets until October 31, 2024.
What is the incentive for completing two video calls with Empower?
Individuals who complete two video calls with Empower before the deadline will receive a free $100 Visa gift card, with no obligation to use their services afterward.
How can I schedule a consultation with an Empower financial professional?
You can schedule a free financial consultation with an Empower financial professional by visiting their website and booking an appointment.
Conclusion
Seeking financial advice and guidance from professionals can be a transformative experience that shapes your investing journey. By learning from experts, addressing blind spots, and making informed decisions, you can navigate the complexities of investing with confidence and clarity. Whether you’re experiencing major life events or planning for retirement, speaking to a financial professional can provide valuable insights and help you achieve your financial goals. Empower’s offer of free consultations presents a valuable opportunity for individuals looking to optimize their investment strategies and secure their financial future. Schedule a consultation today and take the first step towards building a strong financial foundation.