Composite Finance Inc.
GIC's and Financial Planning in Nanaimo & Victoria - Graham Cook CFP, FMA, CIM
Philosophy (continued)
Risk and reward are inseparable, but there are ways to minimize the risk we must take for any given level of return.
We stress that our financial affairs should always be arranged strategically. However, it is especially important when it comes to reducing unsystematic risk that we are not rewarded for taking. We are obliged to use the global capital markets to fund our long term goals so we must be careful to maximize our risk adjusted returns and craft our defensive strategy so that we can weather unexpected events and severe market volatility when necessary.
History has demonstrated that most people [including professionals] cannot reliably predetermine their actual tolerance for risk. Only after they have exceeded that critical point do they truly learn their limitations, and often with devastating results.
Having acknowledged these simple realities we can prepare ourselves and our clients accordingly. Occasionally in life we need to learn by making our own mistakes, the management of our financial affairs is not one of those occasions. It is far more pleasant and efficient to use proven strategies and simply avoid all of the most pervasive and common errors.
Working with a professional to take control of your financial situation is a rational decison if you don't want to do all this by yourself. The choice is yours.
We can’t predict the future except to say that one day it will become the present. We can however avail ourselves of several wealth management strategies that should provide us with the highest probabilities of success.
2 nd Floor, 20 Townsite Road, Nanaimo, B.C., Canada, V9S 5T7
Call: 1 250 716-5750
Toll Free Fax: 1 866 598-7496
101 - 3960 Quadra Street, Victoria, B.C., Canada, V8X 4A3
Toll Free Phone: 1 888 361-8631
Email: CompositeFinance@telus.net
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