Words of Wisdom Courtesy of Joseph Heller
Authors Kurt Vonnegut and Joseph Heller were at a party given by a billionaire on Shelter Island. Vonnegut asked Heller, "Joe, how does it make you feel to know that our host only yesterday may have made more money than your novel 'Catch-22' has earned in its entire history?"
Heller said, "I’ve got something he can never have."
"What on earth could that be, Joe?"
Heller replied, "The knowledge that I’ve got enough."
Let's apply this philosophy to financial planning. By setting your goal to "enough", and then building a plan that provides "enough," you avoid the trap of trying to maximize your investment return by taking on more risk than is necessary. Trying to end up with the highest value of assets may instead result in ultimately not having "enough" assets to enjoy the comfortable retirement you were seeking.
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At Stout Bowman every investment client is first a financial planning client; it's important to go through that process before we make any professional investment recommendations. Therefore, we strive to make financial planning understandable and comfortable every step of the way. One way to do that is to provide our clients access to financial education resources. To that end, we have subscribed to educational websites to receive their news feeds and present a list of their latest ten articles on a page on this website. Currently, we offer