Wise Wealth Advisors

D.Muthukrishnan (Muthu), Certified Financial Planner- Personal Financial Advisor

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13th Year

Posted by Muthu on January 1, 2019

Wishing you and your family a wonderful 2019.

I’ve made it a practice to write on the first day of every year.

After quitting employment in December 2006, I formally got into this profession on 1’st January 2007.

This is our 13th year into the profession. I’ve been evolving a lot both as an investor and an advisor. You’ve been part of this journey and I am proud to note that there are very few emotionally matured investors like you. Only a small percentage of investors can manage their behaviour and emotions well. Those who do that are the one who create wealth from markets. I’m glad that you’re all part of this tiny minority.

For the last two years, we’ve stopped taking new clients except if it comes as a strong referral from anyone of you. We’re fine with where we are now. We want quality time to be made available to you as and when required and I also enjoy the free time the current bandwidth offers.

I’m financially independent and contented with our present state. I don’t want to increase the quantity, there by affecting quality. Time is finite and there is no point in spending it by chasing more and more growth.

I want to be always of assistance to you in managing your financial affairs. I want all of you to build good wealth and also preserve the same. Getting rich is difficult and remaining rich is most difficult. We’re there to guide you both in creation and preservation of wealth.

2017 was a great year in terms of return and 2018 was bad on the same. There is no way to avoid bad years. I’ve no clue how 2019 would be. All I know is there are more good years than bad and staying invested for a decade or more creates good wealth.

It would have been a great pleasure to see the portfolio in 2017 and painful to see the same in 2018. Pain, even though temporary, is the price we have to pay for long term wealth creation.

Nothing worthwhile in life can be achieved without some amount of pain. It holds good for wealth creation from markets as well.

Focus on your life going through the pleasure and pain it offers. Leave the investment part to us. Avoid looking at portfolio frequently. The emotional roller coaster you would go through by constantly looking at markets is not worth it. There are better things to do in the finite time available on earth. We would continue to do yearly review for you, which is more than enough. Investors for whom market is not the profession, yearly portfolio review is good enough.

I wish that 2019 be good to you and your family. Once again best wishes for a wonderful year ahead.

2 Responses to “13th Year”

  1. Juloori, Parthasarathi (CORP) said

    Sir, happy new year. I would definitely request your existing clients to refer me strongly but I do not know anyone among them.

    Sent from Workspace ONE Boxer

  2. Kishore Sonekar said

    Sir I am planning to check that, can i manage my life expenses with out my present job.
    How to start with?
    I get rent, i get some dividends not much, wife is working. Some real estate properties i know.
    Wishing you and your family very happy new year
    Thanks
    Kishore Sonekar

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