Business has taught me there are two management styles, strategic and tactical.  This applies to business as well as money management.

STRATEGIC vs. TACTICAL

Strategy – a high level plan.

Strategic management is to have an overall plan to achieve certain goals.

Tactic – a specific detailed endeavor.

Tactics are a detailed approach in a specific scenario, tactics are more detail oriented.

 

SO, WHICH IS BETTER?

When relating to financial planning, a strategy is a more over-arching approach that covers general guidelines towards an end goal, such as, retiring in 2020.  Remember the Ronco Rotisserie? The audience would call this a “set it and forget it” approach with a map of properly balanced investing regardless of the markets.

Tactical is a more drilled-down approach defining specific securities and trades.  Think of someone with a do-it-yourself brokerage account sitting in their pajamas at home, in front of the computer, frustrated while attempting to “beat Wall Street.” (It can’t be done.)

 

BOTH

You must find the right mix of both styles of management.  Yours may be different from everyone else’s which is why you need a professional to assist. 

 

ACTIVE MANAGEMENT

You must find a system that actively manages (tactical) for your goals (strategy).

 

ACTIVELY MANAGE YOUR 401(k), 403(b) or 457

Did you even know you could actively manage your retirement plan?  The 2006 pension plan created a greater opportunity for SDBA (self-directed brokerage accounts) inside your retirement plan.  Tactical inside the Strategic!

IRA – BROKERAGE

The correct mix of actively managed tactical efforts for your risk strategy can also be obtained in your personal accounts.

Tim teams with some of the most experienced in the industry to help accomplish your strategic and tactical goals!  This is not a rotisserie set-it and forget it approach

….and you won’t be pulling your hair out while staring at your home computer.

YES! TIM, I WANT A BALANCED STRATEGIC & TACTICAL APPROACH TO MY FINANCIAL FUTURE!

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