What makes weather unpredictable? The process is based on multiple data fed into supercomputers to arrive at forecasts. Although not always correct, current predictions are much improved over those of just 10 years ago.
First predictions were published yearly in the Farmers Almanac. Those forecasts (which are still published today) use a secret formula that was devised by founder, Robert B. Thomas, in 1792. Thomas based his early predictions on sunspot influences. Sunspots are the magnetic storms on the surface of the sun.
Today’s forecasts are based on many factors including comparing solar patterns and historical weather conditions with current solar activity. In addition those who prepare weather calculations also use climatology and meteorology. Climatology is the study of prevailing weather patterns. Meteorology is the study of the atmosphere.
Knowledge about current locations of storms are another factor which estimate where they will be in the next few days. Scientists also use newer tools such as weather satellites and Doppler radar.
Our modern forecasts help us feel more secure, knowing beforehand what weather is to come. This information also helps us to prepare for what nature holds for us up to a week in the future.
Your investments can also help shelter you from storms, financial storms. Financial planners look at patterns as well to predict what will happen to the fiscal landscape. A Certified Financial Planner (CFP) accesses this information to stay informed about future trends, so you can take advantage of this knowledge. Like weather prediction, this is usually accurate, but local, national and international events can change what happens in the markets.
What a CFP can do is use this knowledge to help you plan. One way your financial planner does this is to diversify to protect your investment. Your risk aversion is also part of the formula to determine how you invest. Your CFP takes multiple factors into consideration when devising a strategy for you and your investments then creates a plan that will best keep you safe and provide for profiting from where your money resides.
Les Merritt has been helping families and businesses plan their future for more than three decades. As a CPA (Certified Public Accountant) and a CFP, he can advise you. Computing and analyzing all of these factors can be difficult so let Les help you. He can construct the right financial plan that will fit your economic circumstances. Call (919) 269-8553 today to set an appointment. Make your economic future more predictable.