The Importance of Control in Investment Management

The unforeseen consequences of our actions cause the greatest fear. When we take an action and get a result we didn’t expect. As of right now my mother’s investment account is offline. It isn’t gone. It exists. The absence of the old investment account is proof of that. Because my mother has no e-mail address or knowledge of digital banking I guess the wealth managers didn’t set anything up. Everything was running through me and now it is not.

It is like everything is just gone, and that is quite scary. I was managing everything and felt like I had things going in a nice positive direction, but now it is out of my hands, which makes it feel like it is in no one’s hands.

I am hoping that the wealth manager will still deal with me. She should. She has seen the power of attorney and so far has been a nice person. I asked yesterday about getting everything set back up so I could view it again, but got no response. The biggest thing about the money coming out of the estate account is that we can both put money into it and take money out of it. This was a large portion of my father’s monthly income and we haven’t gotten that for the past several months. It has caused great anxiety as the bank account has done nothing but shrink and has shrunk faster than my calculations.

Access to information doesn’t give us control, but it does allow us to know what is going to happen. As of now I have no clue what is going on with that money. It is in good hands. It is held by one financial company and managed by another. It is not like it is going to disappear into nothingness. It still exists.

I will admit I liked to log on just to look at it. To see what it was doing and how it was growing. I have lost that ability for the moment and it frightens me. It is like it is gone. Like a wild animal that visits your front yard each day. You have no real control but one day you look outside and the deer isn’t eating the rose bushes. That loss of normalcy is confounding. Looking at those funds had become a part of my normal, and now that they can actually help pay bills I’d like my normal back, because there are a lot of bills.

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