Former professional tennis instructor turned professional financial planner, Eugene Harvey Hines knows playing to win starts with having the right mindset, and in the financial game that includes not getting rattled by wild market swings.

Hines started in finance in 1993 and has weathered all of the big market corrections of this century. Today, the founder and managing director of Hines Wealth Management, LLC is prepared for ongoing volatility.

"Market cycles are happening all of the time,” Hines said. “Recently it was China and a couple years ago it as Greece. You have terrorism and 9/11; all of these global events happen all of the time. We are entering into an election cycle, which in and of itself, will create some volatility.”

Hines, whose specialized niche is serving clients that work and travel globally, understands the added challenges that come with this type of instability when trying to plan around an unpredictable market.

“I design portfolios based on a client’s risk profile, and then try to keep them on track based on that information,” Hines said, adding, “I’m not overly concerned with fluctuations in the market because I know they’re going to happen. Clients know they’re going to happen.”

In addition to the pending election cycle, Hines said we can also expect to see interest rates go up, a correction that many believe is long overdue.

“We’ve been at zero for a long time,” Hines said. “Most financial firms out there want the rates to come up some. That’s going to happen; it’s just a question of when. Many folks would like to be able to have money in cash, CDs and banks, and receive a little more yield.”

While Hines sees the upside to an increase, he knows there’s also a downside. “Rising rates is probably not a bad thing, but you don’t necessarily want to have a bunch of clients who are tied up in long-term bonds when it happens.” 

In preparation, Hines has been evaluating his clients’ bond holdings and making slight adjustments towards dividend paying stocks to ensure they are positioned correctly when rates go up.
Hines added that understanding clients as individuals is more important than tossing around industry jargon. “You know when a client is conservative, and you know when they are aggressive. You try to design portfolios and strategies that meet their personalities as well as their goals,” he said.

Holistic planning is something Hines believes increasingly popular online tools lack. Outputs are only as good as the information going in, he said. “I believe you need a professional financial advisor to help clients decipher what exactly they are trying to do with their financial plan and also design a reasonable plan.”

Investing involves risk, including loss of Principal

For more information visit: www.hineswealthmanagement.com

Securities and Advisory services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC.