Modeling, Part 2

<p>Our conversation with entrepreneur and investor, Bob Faletti led us to review some of the important points behind Modeling - the sequence of constructing a moving narrative to pivot your investments.  The following list includes some of the key points you may want to consider as you investigate taking back control of your financial future. </p><p> It is an unusual time in the markets with a lack of accountability, transparency and looming mania driving the markets to record highs.   Therefore, it is reasonable to consider pivoting and moving your money/ investments closer to home.   To do this, you need to consider doing the following:</p><p><strong>WORKING NARRATIVE:</strong>  Construct a working narrative.  After all, as soon as you write a plan down, it is wrong, but at least you have labeled and considered the moving parts and have a basic understanding of the elements involved in your plan/ building your investment machine.  Do your due diligence and build out 80% of your plan on paper adding in safeties and contingencies for errors and the unknown.  Then work the other 20% out in practice.</p><p><strong>Note:  There are many white papers on SWOT Analysis and even doing a quick youtube search can help outline your strategy to evaluate your bet.</strong></p><p><strong>EDUCATION:</strong>  Pay for an education.  Take online classes, pay for a coach, pay to be in a mastermind group etc.  </p><p><strong>SAFETY:</strong>  Part of being a good steward is considering what season of life you are in and passing on resources to your family/ community.  This also includes safeguarding against catastrophic events and prolonging your ministry through what we like to call, bullet proof paper which is blue collar language for wills, trusts and insurances.</p><p><strong>NOTE:  If you are interested in meeting with a financial advisor and dont have one that you know or trust, please let us make the introduction to folks that we trust who can walk you through your SAFETY process.</strong></p><p><strong>HEDGING: </strong> W