Patterning Your Shotgun, Patterning Your Portfolio
Note: This blog post appeared in August of last year. Given the new highs in the market, it is a good reminder.
I apologize, I have got shooting on the brain. Clays for CASA is just around the corner and Laura and I are looking at shooting in a couple of tournaments in Tennessee. One of the common mistakes we make 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 as well. 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.
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.