The Parable of the Talents is known to everyone who ever attended Sunday school. A man prepares for a long journey by entrusting three servants with heavy bags of silver (talents) while he is gone. In those days coins were weighed and a “talent” was about 75 pounds. He gave 10 talents to one, five to the second and one talent to the third. The first two servants invested the silver. The third, being fearful. dug a hole and hid the money for safekeeping. When the man returned, the first two gave the man twice what had been entrusted to them. But the third just gave the man his money back. For this poor stewardship the third servant was cast out.
I was reminded of this story when a lady came to us after receiving an inheritance from her Aunt Jennie. After being grateful for her good fortune she wondered what to do. Banks today are paying a pittance on deposits, so putting it in the bank was not all that much different from digging a hole to hide the money from thieves. She wanted to be a good steward of her inheritance.
She wanted to honor Aunt Jennie by taking care of her money wisely and not squander it. Aunt Jennie worked hard for her company, spent a lifetime being frugal and made wise investments. My future client knew her own limitations. She was not an experienced investor. She had to decide if she wanted to spend her time learning investing from the ground up. With all the information out there, which expert or school of thought do you listen to? Did she want to spend her time reading fine print, studying balance sheets or did she want to continue doing those things she enjoyed by finding an experienced professional she could trust to shepherd the money for her.
She chose us because of our caring professionalism. We listened carefully to her objectives. We explained the risks and rewards involved in the investing process. We explained our investment process with the key focus on risk control and wide diversification. We believe in wise investing, steady growth, and the assurance that your money will keep working for you. With over 30 years’ experience we have weathered all kinds of markets successfully. Our knowledge and experience allows our clients to focus on those things they enjoy. They know that their investments will be there for as long as they need them and beyond to help their children and grandchildren.
Aunt Jennie’s talents have grown and our client is happy. Aunt Jennie would be proud.