Investing in 2020 & beyond - Survival of the Fittest

Making Smart Decisions with Josh Tirado

Welcome to making smart decisions with Josh Tirado. Today's topic is investing in 2020 and beyond the survival of the fittest. Now, if you think back to school and learning about the survival of the fittest, but I imagine it is a lion running across a Prairie, tackling another weak animal, and having lunch. And if that's not what you imagine it is now, because I just planted that thought in your head, but that would be completely wrong.

[00:02:07] When Darwin actually looked at the survival of the fittest, one of them reads organisms best adjusted to their environment are the most successful in surviving and reproducing. Therefore, it is not always the biggest, the strongest, the fastest, but rather the animals or organisms that are most adept at adapting to their environment because, in the wild, the environment is always changing in the market and in society.

[00:02:33] And especially in 2020 and beyond, because this year has been amazing. Things are constantly changing, and people who just. Sit by and go with the flow or stick to whatever they've been using that has been working for a long time and aren't adapting will be passed by. So it's not often, you probably hear survival of the fittest compared to investing, but in this case, I feel that is very important.

[00:03:00]2020, and moving forward, there are a lot of things going on, geopolitically, the market interest rates, the pandemic we're dealing with. And things are changing, and they're changing rapidly. People who can adjust their goals, their investment strategies, they're planning to adapt to that environment will survive and thrive.

[00:03:21] People who are not adapting will be left behind. I feel that one of the greatest attributes that a person can continue doing throughout their lifetime is learning. And the learning also applies to investments. In fact, in a recent poll of my clients, the top two reasons that clients chose to work with me and have stayed with me over the years are, first and foremost, the issues they're educated on.

[00:03:48] The planning concepts that we're using the topics, the investments they're in, and they've gained a comfort level with their strategy. And what they're doing second is this survival of the fittest type theory. Clients have commented that they're getting new and better ideas. for me on a regular basis, and they feel so they're very cutting edge.

[00:04:09] That doesn't mean we use every single idea with every single client. And it doesn't mean that we're looking at things that are a flash in the pan. Things need to have a track record. Things need to be well-vetted, but in constantly trying to improve, you don't have lazy money. You don't have things sitting on the sidelines.

[00:04:25] You know that things are moving, things are changing. And if you adapt, you will do a better job and be able to hit your goals quicker. When I put together a financial plan for someone, I view it as the roadmap to their success. And that's why our slogan is guiding your journey, but constantly evaluating what's going on and looking and changing and adapting is essentially the turn by turn instructions to keep you on that map, headed in the right direction and achieving your goals.

[00:04:55] So when I look at investing in this crazy year of 20, 20 and beyond, I think some things are gonna change a number of years ago, people started using the phrase a new normal, I do think some fundamental things have changed, and people are going to have to adapt. So the better you can adapt forward, the quicker and most efficiently you can reach your goals.