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BOURBON FINANCIAL MANAGEMENT
Patrick Bourbon
Best of BFM
 
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Please find the first BFM Video at: http://www.youtube.com/v/FSU4Qqlt0q0

You will find investment strategies to help you reach financial security, grow your assets and achieve a comfortable retirement.

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Have you analyzed why Chinese exhibit higher risk tolerance than Americans?  Have you ever wondered how Muslims invest money? And did you know a country’s corruption level has an impact on its own diplomats?

Asians, Americans, Europeans, Africans, Australians… The world is a mix of people from these continents with different ideologies and cultures.  But what is fascinating is that there is something which is common between these diverse cultures. Guess what? It is MONEY!

Find all the answers in the file attached. Also provided are some healthy investment ideas which can help you reach your goals.

 

We can summarize some of the practices that should be followed:

- Financial advisers need to probe their clients more about their culture. Also important is to know the client’s obligations towards others. Individualistic and collectivistic groups have different styles of thinking. This reflected in their investment decisions.

- Continuously strive to learn more about investing.

- Understand the complexities in investing.  The adviser will have to do more research and be sure that he does not fail his fiduciary duty.

- Saving rates depend a lot on culture. It is important to understand your culture before you make investment decisions. Higher saving rates cultures are more risk tolerant that low saving rate cultures.

- Many investors exhibit different abilities and willingness towards risk. Always honor the willingness to risk because the investor feels comfortable if his risk level is under his/her control.

 

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We would welcome the opportunity to know you better, introduce ourselves, share with you the work we do for our clients, and position ourselves as a useful resource for you. A consultation would be a wise first step toward achieving your vision.

 

Getting to know you, your needs and motivations, is as important as you evaluating our capabilities to help you meet your financial goals. We do not charge a fee for our initial consultation during which we review your portfolio, and discuss your goals and objectives.

 
“ Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.”
— John Maynard Keynes, The General Theory of Employment, Interest and Money, 1936
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Thanks to the 500+ of you who have read the Best of BFM Newsletter (click here), which summarizes the newsletters you enjoyed in 2010-2011. By now, you should have uncovered that financial decisions are not only driven by rationality but they are also influenced by emotions. You also found out that your vision can literally "trick" you whenever it can (click here)!



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Bourbon Financial Management, LLC
616 W. Fulton St. Suite 411
Chicago, IL 60661
(+1) 312 909 6539 - patrick@bourbonfm.com
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This Newsletter is not advice.  Pursuant to the rules of professional conduct set forth in Circular 230, nothing contained in this communication was intended or written to be used by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer by the Internal Revenue Service, and it cannot be used by any taxpayer for such purpose. This newsletter may be an advertisement pursuant to federal law. 
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