There are moments in time when significant economic shifts occur that alter the future. One such moment occurred in late August 2019 at the close of the Jackson Hole Economic Symposium. This is an annual and exclusive central banking conference to foster open discussion about important and current policy matters.
It seemed there was nothing her father couldn't do when Margaret was growing up. He was the most capable person she knew. Widowed by the time he was 55, he lived an independent and full life, never relying on Margaret for anything other than her company.
The point of the headline is to distinguish what kind of investor you are. Do you follow storylines as described in the media headlines, or do you rely upon numbers and data to build your wealth and achieve financial independence?
“Money makes money. And the money that money makes, makes more money.”1 This quote by Benjamin Franklin is referencing the power of compound interest. Albert Einstein extolled the wealth-building virtues of compound interest as well. He is reputed as saying he considered it to be man's greatest invention and the eighth wonder of the world.2 A much simpler way to describe compound interest is that it is an excellent way to watch your investments grow exponentially over time.
"After 38 years of marriage, I was blindsided when my husband asked me for a divorce," says Patricia, 61. "I didn't see it coming and was shocked at how fast and efficiently he left the life we had built together."
I've had the pleasure of working with Iryne on my retirement strategy since 2012, and she has kept me on a positive trajectory to financial freedom ever since. Iryne consistently goes above and beyond to stay connected with me, which ensures my plan factors in and aligns with my current financial situation and fluctuating market conditions. More importantly, this regular engagement speaks volumes about her genuine interest and dedication to helping me achieve my financial goals. She is a highly competent, consummate professional who conducts her business with the utmost integrity.
Iryne has been my financial advisor since 2009. I found Iryne very responsive, meticulous, and enjoyable to work with. She has always kept regular contact and provides me with ongoing financial advice as needs and markets change. In addition, she also gives good advice on other matters in my life, and is always willing to help if needed. I trusted her for guidance to make informed decisions about all my financial affairs.