According to the Commodity Futures Trading Commission, virtual currencies are “a digital representation of value that functions as a medium of exchange, a unit of account and/or a store of value.”
Did you know that early filers regret Social Security claiming decisions?
Imagine if you could have had the proper advice from a trusted financial advisor to prevent that mistake?
You don’t have to imagine it because that’s what we do every day at Compass. Call us now if you or a loved one needs professional pre-retirement guidance.
You can view the Diversification lesson here. Tim has been asked to film videos before. I must say, he gets better every time! Even for someone as naturally outgoing, something happens when you step in front of a camera. It’s not easy reading the lines without looking like you’re reading the lines. It’s not easy looking serious but not stern. And one of the biggest challenges is not to squint at the bright lights in your eyes.
Tim asked me to write a blog post about the Diversification video. Naturally that meant I had to watch it. I often tease Tim about speaking in jargon; using lots of investment professional terms to explain things. I always think about my Mom–would she understand what’s being discussed? Mom is 84, and for over 50 years of marriage, my father handled their finances and investments. After he passed away, the torch, so to speak, was passed on to Mom. She’s fortunate that she has a private banker handling things for her, but I am always concerned that he might be confusing her as much as he is trying to help.
With that concern at the forefront of my mind, I hit the “play” button and watched the video. I give it an A rating for effectively conveying the message without using language that investment professionals might use when speaking to each other. In other words, it passes my “Mom test.”
It’s about 3 minutes from start to finish. I encourage you to give it a view. And please, if you have any questions about how your Compass Capital Corporation Trusted Financial Advisor implements diversification in your portfolio, don’t hesitate to call.