October 13, 2021 - Published by IAG Wealth Partners

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This last weekend my wife went shopping for new walking shoes. She left with $40 in Kohl’s cash and a 30% off coupon.

She came back with new walking shoes and a new piece of technology which our family members have received with mixed reviews.

She loves it. The kids are entertained by it. I find it to be one more source of noise pollution. Our homebound free-roaming pets absolutely hate it.

You likely have guessed at this point that our new piece of technology is a robot vacuum cleaner.

She loves it because it proactively picks up the pet hair and child “dust” that accumulates on a daily basis. Her cats and the family dog despise it for its peculiar tendency to interrupt naps on the floor with rude bumps. The fish and pet rats are smugly indifferent as they are safe in their own spaces.

I guess the best way to describe this new robot’s cleaning strategy is programmed chaos. That is certainly very different from my approach to vacuuming.

When I vacuum, my goal is to clean every square inch of the floors. I strategically go back and forth across the room in relatively straight and somewhat overlapping lines. I move furniture around, vacuum the floorboards, and use the attachments to dust the cold air return vents.

Our new pet robot has no clear goals or observable strategy. It blindly goes forward until it hits something, turns 45 degrees to try a different way, and repeats this process until its battery runs low. It may vacuum some parts of the floor twelve times and leave other parts untouched. It also seems to successfully – and thus far without consequences –evade its responsibility for cleaning stairs, floorboards, and vents.

Which of these two approaches to vacuuming most closely resembles your financial plan?

Most Americans take the robot approach by blindly stumbling through their finances day after day and year after year. They are unfocused wanderers that feel like they may be accomplishing something by jumping on the latest fads, but often leave plenty of dirt on the floor and consistently miss opportunities to clean up their finances sooner.

Our advisors’ approach is less robotic and much more personal. Our advisors take the time to understand what you and your family are trying to accomplish, design a personal strategy to get you headed in the right direction, and then coach you through challenges and changes with purpose instead of random turns.

Do someone you care about a favor today. Help them focus on their goals by sharing this blog with them and suggesting they may be able to do better with our advisors’ help. A cleaner future can start today with a simple conversation.


Quote of the week: Benjamin Graham: “The best way to measure your investing success is not by whether you’re beating the market but by whether you’ve put in place a financial plan and a behavioral discipline that are likely to get you where you want to go.”

Securities offered through LPL Financial. Member FINRA/SIPC. Investment advice offered through IAG Wealth Partners, LLC, (IAG) a registered investment advisor and separate entity from LPL Financial.

Any opinions are those of IAG and not necessarily those of LPL Financial. Expressions of opinion are as of this date and are subject to change without notice. This information is not intended as a solicitation or an offer to buy or sell any security referred to herein. No strategy assures success or protects against loss. Investing involves risk including loss of principal.

Photo by Kowon vn on Unsplash

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