Horizon’s director of investments, Owen Murray, contributed to a recent article for usnews.com. Author Wayne Duggan provides some thought provoking commentary in his article titled, “Does Career Success Carry Over to Investing?“. People who have successful careers are most often masters of their business or craft and their knowledge and determination have served them well. However, mastering the financial markets is no small task, no matter their success in business. Owen explains that like in business, “many successful investors realize that they can’t do it all themselves” so they are likely to delegate areas beyond their expertise. On the other hand, many have a difficult time turning over control of their portfolio to an advisor. This can result in “attempts to time the market by selling when they think the market is going down or taking on more risk when they feel optimistic.” This can have a decidedly negative impact on their portfolio.
To read the article, click here.
Horizon Advisors is a Houston based fee-only wealth management firm. Horizon is a fiduciary advisor. We specialize in helping successful individuals and families understand, organize, and manage their often complex financial situations. Horizon offers integrated financial planning and investment management services.