Money is one of the most important things in the world to most people. The only ones who say that the money doesn't matter are the ones who have a lot of it. Because money is so important it is critical that it be managed properly, unfortunately this is something that a lot of people struggle with. Fortunately there are people who are able to help in this regard. At the money management collective we are able to manage your money for you so that you can reach your financial goals.
A lot of people are not entirely clear about what money managers do and how we differ from say, financial planners. The answer is that we take a more active role in managing your money. The first thing that we will do is to sit down with you and discuss just what your financial goals are. These are going to vary from person to person so we need to find out what yours are. Keeping in mind of course that the goals have to be realistic, as long as that is the case we should be able to help you reach your goals.
The next step in the process is going to be to figure out how to reach those financial goals. This is where we plan the long term strategy. The main thing that we are going to do is to look at what kind of return you need to get on your investments to reach your goals and what kind of risk you are prepared to take. Clearly this is a bit of a balancing act and it requires some real long range planning. This is where many people go wrong when they are managing their own money, they don't really have a long range plan.
Once we have the long range plan in place the next step is to actually start investing your money. This is one of the key differences between us and a financial planner. The financial planner may give you some vague advice about how much to put into stocks and how much in other investments, but they won't tell you what stocks to actually invest in. Not only will we tell you specifically what you should be investing in we will actually make the trades on your behalf. That means you don't have to worry about managing your money, we handle it for you.
The big concern that most people have when they are getting financial advice is making sure that the advice that you are getting is actually in your best interest. There is a good reason for this, in most cases it isn't. Usually when people offer you financial advice it is because they are trying to sell you on an investment, they don't care if you lose money. This is not the case with a money manager however, since we are paid as a percentage of the size of your portfolio it is in our best interest to get you the best possible returns.