Gary Scheer Welcomes You
Welcome to the website of Gary Scheer. Gary Scheer has a track record of helping business owners and entrepreneurs plan for their retirement. As an industry-leading financial advisor and the managing partner of Gary Scheer, LLC, Gary brings more than 35 years of experience to the table for his clients. This website will provide yet another way for Gary to provide sound financial guidance for those in need.
Throughout his career, Mr. Scheer has published several articles in America’s top financial publications. Gary looks forward to sharing different tips and tricks on how both businesses and individuals can better protect their financial futures. For those who arrived on the Gary Scheer website looking for basic investing principles, Gary Scheer points to Peter Lynch’s 7 Rules of Investing. While change occurs daily in the world of finance, Lynch gained fame for managing one of the most successful mutual funds of all time from 1977 through 1990. Lynch credited an annual average return rate of 29% to some simple rules that Scheer leverages for his clients.
The first rule all investors should follow is to have a clear understanding of what they own. This may sound simple, but Gary Scheer knows that a lot of investors aren’t fully aware of the companies they invest in. Only companies and industries and funds that a person understands well should be invested in.
The next rule is that prediction is meaningless. Gary Scheer warns that anyone who guarantees where the markets are headed is lying. What every investor needs to focus on to be successful in controlling what can be controlled. For instance, the types of companies and funds they choose to invest in and how much they save per year.
Patience comes in as the third rule every investor should follow. When it comes to money, people naturally prefer quick returns. Unfortunately, volatility is not a friend of investors. It’s important to do the research and ensure that every investment has the best possible chance of succeeding. Even if an investment may only provide steady small returns, it all adds up by the time retirement comes around.
The next rule correlates well with patience and that’s to ignore long shots. Investing should not be looked at as a get rich quick scheme. Investors should not speculate.
Trust in companies with a proven track record. Some companies are just proven winners. By investing in companies that have a proven track record of success, an investor is able to reduce risk.
Understanding mistakes is next up. Unfortunately, every investor is bound to make some mistakes along the way. What separates a good investor from a poor investor is their ability to learn from those mistakes. Every mistake should be treated as an opportunity to learn so that it can be avoided in the future.
Finally, no investment should be made unless the investor can fully explain the product or service to their family members and friends. Fully understanding what an investor is investing in will help them eliminate mistakes and increase their odds of finding investments that will yield results.
The rules above provide some simple guidelines Gary Scheer often references. Future blog posts will tackle common investment questions like how can annuities be leveraged and how much does a person need to live comfortably in retirement? Be sure to check back often for the latest news and insights from Gary Scheer.