Automate, Delegate | Wisdom, Wealth, and Wellness

Jonathan Satovsky
CFP®, ChFC®, CIMA®, CPWA®, CDFA®, DACFP

Good morning, good afternoon, good evening. Depending on the part of the world you’re in. This is Jonathan Satovsky of Satovsky Asset Management and on today’s episode of “Seeking Wisdom, Wealth, and Wellness,” I want to talk about the “Wealth” part.

How do we accumulate an extra amount of wealth without effort? Well, I surmise that most people should automate and delegate their financial plans—their investment strategy—to take the emotional weight off of their plates. Whether you have a little money or a lot of money, if you want to have fun, have fun. Go do things that are fun. But don’t view your investing habits, at least the core of your investing habits, as something you should do for excitement, fun, and cocktail conversation.

Automate and delegate that part of your finances. Because there is a perpetual spread between dollar and time-weighted returns, dollar and money-weighted returns, for investors, that amounts to between 2 and 6% a year, on average, over a decade.

So if you automate and delegate the core function of that responsibility and do your entertainment elsewhere, you will save yourself 2 – 6% a year. And that 2 – 6% a year will inure to your family, to your children, to your grandchildren, to your great-grandchildren, to your great-grandchildren’s children.

Think about that on your path to Wisdom, Wealth, and Wellness. Have a great day.

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Video Recorded July 10, 2023
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Disclosures

This blog post is not intended to be, nor should it be construed or used as, an offer to sell, or a solicitation or offer to buy any securities or interests in any strategy offered by Satovsky Asset Management, LLC (“SAM”). SAM is a registered investment advisor with the Securities and Exchange Commission – for more information see www.adviserinfo.sec.gov. Please remember that different types of investments involve varying degrees of risk, and that past performance is not indicative of future results. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the strategies recommended or undertaken by SAM) will be profitable. Market index information shown herein is included to show relative market performance for the periods indicated and not as standards of comparison. The market volatility, liquidity and other characteristics of SAM’s portfolio composition are materially different from the securities listed on public market indices. Market index information was compiled from sources that SAM believes to be reliable. No representation of guarantee is made hereby with respect of the accuracy or completeness or such data. Opinions are as of date of video and are subject to change. A copy of SAM’s current written disclosure statement discussing our advisory services and fees continues to remain available for your review upon request. SAM undertakes no duty to update information presented herein.

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