Can Your Money Manager Beat the S&P 500?

Consider this…

The last time the British rowing team won an Olympic gold was 1912!

To say they were average would have been an understatement.

It wasn’t money they were missing.

It wasn’t skill they were missing.

And it wasn’t strength they were missing.

But something was missing.

Then, something started to change for them. And the change was so simple that almost everyone dismissed it.  

So what was the one powerfully simple thing?

It was a question.

A question they started asking themselves daily for four straight years leading up to the Olympics in Sydney. The question:

WILL IT MAKE THE BOAT GO FASTER?

The team created a one-question response to every single decision they would have to make in the four years leading up to the Olympics in Sydney.

One Question.

Winning gold is complicated. And yet, they developed a one-question strategy to win.

There were thousands of decisions collectively they had to make monthly to not only get to the qualifying rounds but also make it to the metal rounds. And then win.

Thousands of collective decisions over four years can lead to thousands small course changes that could lead them closer to or farther away from their goal.

So with every decision, every member of the team would ask themselves: WILL IT MAKE THE BOAT GO FASTER? If the answer came back “no”… then the decision was no.

  • Should I stay out late tonight and party with the ladies I just met at the pub…? Will it make the boat go faster?
  • Should I skip practice…? Will it make the boat go faster?
  • Should I order pizza or the veggie bowl…? Will it make the boat go faster?
  • Should I stay up all night binge-watching Netflix? Will it make the boat go faster?

Too simple? Too crazy? To easy?

Yes. To many a powerfully simple question sounds ridiculous. Solutions are just not that simple people will say.

Of course, the question alone didn’t help the Brits. They also had to implement. But what this one question did was lay down clarity. They always knew their next step.

It’s very hard to do the right thing over the course of four weeks, four years or four decades. So saying to yourself, “what’s the right thing?” isn’t that useful. 

And notice the Brits didn’t ask themselves that question? They weren’t asking about right or wrong. Their question was about making the boat go faster.

And that’s what the Brits did when faced with 1,000 of decisions they were confronted with each month.

They asked a powerfully simple question.

Are you asking powerfully simple questions about your financial adviser and/or money manager?

Just for a minute, let’s assume the most powerful question you might ask your adviser or money manager is:

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Will it beat the stock market?

  1. Your financial adviser has a nice office in a nice building with nice furniture… Will it beat the stock market?
  2. You like and trust your financial adviser… Will it beat the stock market?
  3. Your financial adviser diversifies your money… Will it beat the stock market?
  4. Your financial advisers uses terms like “risk adjusted returns,” “a normalizing interest rate environment,” “fair market value” and my favorite “alpha”… Will it beat the stock market?
  5. Your financial adviser competes on fees… Will it beat the stock market?

So please, please, please. Understand this point…

The questions you ask determine the future you live.

After speaking with thousands of investors, I’ve discovered most are not even aware of what questions are best to ask.

In fact the questions they are asking are more based on big-box marketing and investment ideas from the 1970s, 1980s and 1990s and less about what’s best for them.

The question I asked above, “Will it beat the stock market?” is one of the questions I help my clients answer. However, it’s not the most powerful question. The most powerful question is one I reserve exclusively for subscribers on my research.

You get it?

Better questions. NOT better answers.

How about you?

Do you know what questions to be asking to get the results and life you want? If not, we should talk.

In Your Corner,

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RC Peck, CFP

P.S.  And those Brits…? Did their boat go faster?

One powerfully simple question helped them win gold at the 2000 Olympics in Sydney.

WILL IT MAKE THE BOAT GO FASTER?

 

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