When it comes to saving for retirement and planning for the financial future of a household many investors have issues. Some of them may assume that they can wait another 5 or 10 years before they even get started. There are others that are thinking that the investment world is filled with magical stocks that are simply going to yield the highest returns on investments because these are hot stocks for the moment.
These are the type of investors that get into the market without doing the research and instantly become disappointed. They may not have realized the amount of research that it truly takes to devise a successful portfolio. The lack of research makes these investors pessimistic about their financial futures. This is why someone like Richard Blair of Wealth Solutions is so vital to the financial planning industry. He is essentially the investment planner that helps those people that did not realize they needed a financial planner.
It is true that people can engage in financial planning on their own. This is the reason that many people are often misled into thinking that they do not need a planner. The average person that is investing will put money away into a 401k or IRA plan, but most of these people will sit these investments on autopilot. They never go back to check to see if they need to make changes (http://drewlaunay.com/2016/06/10/services-provided-by-richard-blair-through-wealth-solutions/). The aggressive investor may keep a portfolio that is entirely aggressive and lose all that they have. The investor that is a moderate or slow growth investor may keep everything the same in their portfolio and barely gain any returns on investment because they were too scared to take the risk.
Richard Blair is the savior in the financial planning world that comes along as the voice of reason. He can help the aggressive and moderate investor see that they cannot do 100% at one end of the spectrum or the other. It is people like Richard Blair that makes investors see that diversification is the key to better financial planning.
He helps these investors realize that the money that they are trying to make will only come when they are willing to invest in a plethora of different investment opportunities. They must consider things like technical stocks as well as industrial stocks. They may also need to consider mutual funds and annuities as part of their portfolio.