by Fred Hensler
Special Promotional Section
My grandfather was a master cabinetmaker. He learned his trade as a young man in Germany and brought it to the United States in the early 1900s. Grandpa had accumulated a large assortment of hand tools that he proudly used to complete his cabinetry work. (They were the tools of his trade.) Handsaws, planes and hand drills along with countless other gadgets that only a master cabinetmaker would know how to use. My grandfather passed away in 1963 and the bulk of his possessions went to be stored in the basement of his daughter, my aunt’s house.
The circle of life continued and my aunt passed. As we were going through her belongings, I came across boxes and boxes of my grandfather’s old hand tools – most of them wearing the honorable badge of “genuine antique.” As I went through each of the tools, I reminisced how hard it must have been in those days to build a quality cabinet with such primitive tools, especially when compared to my own collection of power drills, electric saws and automatic planers that pretty much guarantee a perfect fit and finish. It was then that I realized how obsolete my grandfather’s tools really were and how innovative ideas had changed so dramatically the history of woodworking.
As I continued to ponder the moment, I reflected on how positive change had affected all of us over the years. My grandfather saw the technological wonders of his day in the first primitive car and airplane. The evolution of both the auto and aerospace industry allow us to travel to farther destinations with greater speed and safety. Airplanes fly around the world in ever-increasing comfort and ever-diminishing times. What a difference time can make.
Well, I wouldn’t have shared this story with you without making some comments about how this story has affected the way we manage our clients’ accounts. The growth of the wealth management industry has seen a mind blowing evolution of change. What may have been cutting-edge investment ideas and strategies five or 10 years ago could now be as obsolete as Grandpa’s old handsaw.
There have been a whole host of new and innovative investment programs made available in just the last one or two years, many of them designed to take some of the “sting” out of a falling market. Unfortunately, many investors manage their life savings, IRAs, pension plans and 401Ks with investment tools and products that are antiquated – just like the tools the master carpenter used to woodwork with.
At Sapphire Blue Investment Partners, we pride ourselves on bringing innovative ideas and new advanced investment management products to the forefront of our business. If you still manage your money today the same way you did two, five, or 10 years ago, you owe it to yourself to invest 30 minutes of your time to attend a short informational meeting with one of our qualified investment management consultants.
There is no pressure, no hype, just good, quality information with a smile.
If your banker, broker or investment advisor is still using the old hand tools of the trade to manage your portfolio, you owe it to yourself to see how evolution and technology have changed the wealth management market.
You are invited to contact us at 810-714-9456, to arrange a meeting or schedule a telephone appointment with a financial coach.