Every market has its winners and losers, so an effective investment manager must understand where to look when market conditions change. Under the old “buy and hold” philosophy (some call it “buy and hope”), you were locked in a mutual fund and would be penalized if you sold and purchased a new fund with another commission.
Because Collins Wealth Management is a fee-based service; our associates are not compensated on commissions. Rather than mutual funds, we prefer individual equities or Exchange Traded Funds (ETFs) in growth and income modes to effectively build your portfolio. Growing in strategic ways helps to plan for the future and avoid the pitfalls of day-to-day market fluctuations.