In our everyday lives, we often hear the phrase “micro-management” in reference to anyone that manages things a little too closely. The term micro-management can be applied to a boss who wants updates on every step of a project or a mom who is just far too involved with managing her child’s schedule.
But do you know what the word “macro-management” means? If you guessed that it means the opposite, you’re right!
But what might it mean when you have someone providing “financial macro-management?” Well, according to Richard Cayne and his team at Meyer International, this is a skill you should be asking of your team of financial planning consultants. It’s a skill that Meyer International provides to all of their clients.
Financial macro-management means that someone is taking an overview of your financial investments and portfolio and giving you critical consultations based on current financial situations and predicted money trends. Your macro-manager looks at the diversity in your portfolio and determines how your financial investments, as a whole, are serving you.
Your financial planner might take a macro-management look at your profile and say things like, “You could use more diversity in which offshore jurisdictions you are investing in” or “This fund served you well for a long time, but it isn’t working for you anymore, you should consider reducing your position in it or rebalancing your portfolio.”
If this isn’t a service you are getting from your current consultant, why don’t you let Meyer International review your holdings and provide you with more insight than you are currently getting?
The thing that many people don’t realize about their investments is that they should be ever-changing. Investing should not be a “choose a fund or project, put your money there and forget it” sort of endeavor. To make your money work optimally, you should review your investments regularly to see which are performing and which are falling flat. Just because one investment choice was paying high dividends for a few years is no reason to stick with it when it starts underperforming. You need to be flexible about moving your money to where it will serve you and your financial goals best.
In today’s busy world, it’s not surprising if you don’t have the time to comb through your investments every six months. It’s also not surprising if you aren’t familiar with every new financial product that enters the market each year. That’s what a financial planning consultant can do for you. They have a wealth of knowledge on every product that enters the market and can keep their eyes peeled for the right new investments for you.
If regular reviews of your portfolio don’t sound like something you have the time or knowledge to do, then that’s a great reason to have a financial planning consultant like Richard Cayne macro-manage your portfolio.
Interested in having a professional macro manage your investment portfolio? Call Richard Cayne at Meyer International today to get started!
