3 Circles of Investment Success: Why Your Portfolio Isn't a Financial Plan
In this solo presentation, Mike Milligan challenges the common misconception that a financial planner’s role is limited to picking investments. He argues that investment planning is merely one pillar of a comprehensive financial plan, likening a plan built on a single beam to an unstable building. Milligan emphasizes that the first step in investment planning is to define the purpose of each dollar, noting that money earmarked for short‑term needs like groceries requires a different investment strategy than money set aside for long‑term goals such as a legacy gift. He introduces his framework of three concentric circles for structuring investment planning, beginning with the innermost "CUB line of cash" circle, which addresses cash‑level considerations.
