As this is my maiden blog post, I wanted to take the opportunity to welcome you to my site- My name is Frank Iryami, I am a financial advisor with Raymond James based in Syosset, NY – I have been a financial advisor for more than 22 years.
I’m going to use this blog in the future to explain how I deal with various client issues that come up throughout the course of my days and weeks, in the hopes that some of the topics I'll address are your concerns and maybe I can help you plow through and move forward.
The way I see my role as a financial advisor is to very simply help you build your savings so that you can live the life you want. Most of us today have to build our own nest egg that will be able to outlive us. Employer provided pensions rarely exist. As your financial advisor a lot of my time and energy goes towards helping clients stay on track; Helping you ignore the noise of the day and sticking to our agreed upon plan.
Here is my view of what I cannot do (nor do I think any financial advisor can promise to do) - We cannot predict the movements of the stock market, we cannot predict the course of interest rates, we do not know when the economy will slump or surge, and we do not know how the markets will respond to various geopolitical events. There are many in our industry that waste a considerable amount of time and energy trying to do all of these, in my opinion you don’t need to know the answers to these questions to build your nest egg.
In order to build your nest egg and real wealth, you need a long term view:
Trying to get rich quick is not a good way to build wealth either, like buying real estate coming out of foreclosure, unless of course, you have a certain competency in that. Knowing your financial strengths and weaknesses is key to building wealth.
An example of knowing your strengths: I have never bought real estate with the hopes of trying to make money. I am sure it can be done, I just know that I don’t have the right knowledge or experience in that area. So, I just stay away from it. I won’t get lured into a real estate deal unless I completely understand how it works and quite frankly, I will probably turn away from it because I have my hands full doing what I know how to do. This may seem like common sense, and it is, but I have seen people lose money by trying something. Sometimes they dig a very large hole that can take many years to climb out of.
Time is your friend in building wealth. The more time you have working for you, the better the chances of building a larger nest egg to fund the life of your dreams.
*The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Any opinions are those of Frank Iryami and not necessarily those of RJFS or Raymond James.
A Note from frank...
I’m going to use this blog in the future to explain how I deal with various client issues that come up throughout the course of my days and weeks, in the hopes that some of their concerns and questions are your concerns and maybe I can help you plow through and move forward. READ MORE