What is financial planning?
We always hear about the stock market. The
current market value is displayed during newscasts and mentioned throughout the
day. Of course what we really want to know is the state of our financial
situation and the stock market is just one visible, accessible proxy for that.
But the stock market is not the only vehicle for investment and only one
component of the economy. The vast expanse of investment strategies,
opportunities, and risk management as well as how to combine these components
to plan for life events is not as simple as stock market reporting may make it
seem. Still, we all must make complex financial decisions throughout our lives
and want to make the best decisions possible. Financial planners fill that
important gap.
