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Why Hail Mary Plays Rarely Win the Game in Investing

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In this week’s Matt’s Minutes, I share an idea for the first time ever!

I draw a parallel between baseball (Football, not baseball) and investing to highlight an important lesson: It’s rarely the “hail mary pass” at the end of the game that wins the game. If you aren’t sure what I am referring to, allow me to explain.  A hail mary pass is a desperation pass from the QB to no particular person in hopes that one of their own team members secures the ball in the endzone in an attempt to win the game. Sure, every once in a while it works (it worked a couple weeks ago in fact).  Many clients come to me with regrets about not investing in a particular ‘hot’ stock, but the truth is, we don’t rely on high-risk, high-reward strategies.  If football teams relied on the hail mary pass as their strategy to win, their win/loss record would be dismal. In this video, I share a personal story where a hail mary investment in my own personal account was successful, but it didn’t significantly impact my overall portfolio. Click the video above to understand why steady, strategic plays are the real game changers in your financial journey.

Prevention Vs. Cure

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In today’s episode of Matt’s Minutes, we dive into the topic of prevention versus cure when it comes to retirement planning. As the saying goes, an ounce of prevention is better than a pound of cure. Our goal is to help you take the necessary steps now to avoid potential financial pitfalls later and ensure your financial security in retirement. Just as in healthcare, where prevention is better than cure, the same principle applies to your financial well-being. Click on the video above to watch the full video.

Struggle Creates Strength

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In today’s video, Matt is diving into the concept of transformation through struggle and how it builds strength, drawing inspiration from the remarkable process of metamorphosis. Think about the journey of a caterpillar as it transforms into a butterfly. Similarly, in our own lives, we encounter moments of struggle and challenge. Now, let’s apply this to our finances and investing, such as during a recession or the financial crisis. It’s important to recognize that these struggles are not setbacks; they’re opportunities for growth and transformation. Click above to watch the full video.

The Danger Lies In The Trek Down The Mountain

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 In this video Matt is standing on the top of a mountain in Lake Chelan. He’s discussing how hiking a mountain parallels the risks people face once they retire. It’s often been said that people are more likely to be injured or killed descending a mountain than climbing up it. Retirement is no different. Making a mistake with your investments while still working (climbing the mountain), will more than likely not end in calamity. However, making a mistake in retirement (descending the mountain) may not be something that can be recovered from. As a point of reference, Matt isn’t trying to impose fear on those of you that are retired regarding a market downturn. He’s referring to being overly risky when you don’t need to, taking speculative bets with investments that you may not fully understand, panicking and getting out of the market until you feel more comfortable. These are instances that you have control over and avoided with sound guidance.

Here at Ross Financial we specialize in helping people navigate the complexities of retirement. If you know people who are retired or thinking about retiring within the next 5 years, we would love to offer our expertise to them. Feel free to share this video with them.

Don’t retire FROM work…

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In this episode of Matt’s Minutes, we are discussing the idea that instead of retiring “from” work, think of retiring “to” fill in the blank. So often, people get caught up in their identity at work that when they retire, they tend to face feelings of isolation, seclusion, and loneliness. Retiring to something meaningful and fulfilling can help maintain a sense of purpose and connection. By focusing on what you are retiring to, you can create a post-work life that is vibrant, rewarding, and filled with new opportunities. 

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Silverdale, WA 98383

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Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC. Investment advisory services are offered through Raymond James Financial Services Advisors, Inc. Constellation Wealth Services is not a registered broker dealer and is independent of Raymond James Financial Services.

Matthew Ross has been named 2024 Forbes Best-In-State Wealth Advisors, developed by Shook Research, is based on the period from 6/30/2022 to 6/30/2023 and was released on 4/3/2024. 42,108 nominations were received, and 8,500 advisors won. Neither Raymond James nor any of its advisors pay a fee in exchange for this award. More: https://bit.ly/43DMgjX. Please see https://www.forbes.com/best-in-state-wealth-advisors for more info.

The 2023 AdvisorHub 200 Fast Growing Advisors to Watch ranking is based on an algorithm of criteria, focused on three key areas: Quality of Practice, Year-Over-Year Growth, and Professionalism & Character. The rankings weigh the scores in Quality and Growth more heavily than other areas. Time period upon which the rating is based is from 1/1/2021 to 12/31/2022 and was released on 6/20/2023. Advisors considered have a minimum of seven years’ experience, a clean regulatory record with 2 or fewer complaints and no significant judgements, must have been with their current firm for at least two years and in good standing, and have at least $100 million in assets under management. Out of 1,246 total nominations received, 200 advisors received the award. This ranking is not based in any way on the individual’s abilities regarding providing investment advice or management. This ranking is not indicative of advisor’s future performance, is not an endorsement, and may not be representative of individual clients’ experience. Neither Raymond James nor any of its Financial Advisors or RIA firms pay a fee in exchange for this award/rating. Raymond James is not affiliated with AdvisorHub.

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