Patterning Your Shotgun, Patterning Your Portfolio
I apologize, I have got clay shooting on the brain. One of the common mistakes we make as competitive shooters is that we don't take the time to pattern our shotguns. Without going into a whole lot of ballistic data, a well-patterned shotgun will have almost an equal amount of pellets in all of the 4 quadrants of the circle. Hard to imagine that a clay target could fly through that and not get broken.
Your portfolio is similar, you need a good "pattern" of stocks, mutual funds, and bonds to hit your retirement target. More importantly, you need to see that pattern at least once a year, if not more, to make sure that you are on target with your retirement. This is even more critical this year with the end of an election cycle and a new political party in both chambers of congress.
If you shoot up at Limestone, bring a can a white spray paint and pattern your gun on the plate by the clubhouse. If you want your portfolio patterned, give us a call.
Mike Mickels is President of CochranMickels Retirement Specialists and an avid sporting clay competitor. CochranMickels Retirement Specialists provides personalized planning and investment services to individuals approaching and in retirement. They also provide retirement and benefits training to Federal employees
Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc, a Registered Investment Advisor. CochranMickels and Cambridge are not affiliated.