September 3, 2020

Accelerate your investment account’s growth with automatic recurring contributions

An obvious but under-utilized tool that can quickly accelerate an investment account's growth is a commitment to automatic recurring contributions.  Whether investment performance is up, down, or sideways for any given period, a steady stream of additional capital flowing into the account will set the investor up for increased growth.  While this strategy is relatively intuitive, it is surprising to see the number of investors that make the initial investment and rarely (if ever) make additional contributions to the account in question. This certainly can still be a successful strategy, but a commitment to additional contributions undeniably positions the investor for more significant account growth over a more extended period.  Investors would be wise to challenge themselves to make small adjustments to their budgets to allow for these recurring contributions.

Further, competent advisors are actively having these conversations with their respective clients to ensure that that the clients are taking the proper steps to achieve their investment and financial goals.  If you haven't contributed to your investment accounts since that first lump sum or if your current investment advisor hasn't talked to you recently about strategies to accelerate your accounts' growth, it might be time to have a conversation with us. At Duncan Williams Asset Management, we meet with our clients face-to-face every quarter to review investment performance and discuss the long-term plan.  We help guide our clients to a sound strategy designed to position them to achieve their financial goals.  Give us a call today, and we can help determine if recurring contributions are right for you!

David Scully

David Scully has over 20 years of experience in investment research and team management. As President, he oversees the company’s daily operations and implements its strategic objectives. David holds the Chartered Financial Analyst (CFA®) and Certified Financial Planner (CFP®) designation. A graduate of the University of Georgia with a bachelor’s degree in economics, David is a proud Memphis native deeply committed to his community. He actively contributes to numerous organizations, holding leadership positions such as: • President, Board of Directors, Wolf River Conservancy • President, Board of Directors, Memphis Botanic Garden • Treasurer, Board of Directors, Assisi Foundation • Vice President, Board of Directors, Economic Club of Memphis • Member, Boards of Directors, University of Memphis Foundation, St. Agnes Academy, and CBHS Alumni Board David also serves on the Greater Memphis Chamber of Commerce’s Chairman’s Circle and Small Business Council. Previously, he was Treasurer for the University of Memphis Research Foundation Board and remains an engaged Young Presidents’ Organization (YPO) member. Beyond his professional and civic endeavors, David values his role as a husband to Michelle and father to their two daughters, Ruthie and Mae Carter. He is an enthusiastic coach who supports his daughters in basketball, soccer, and softball. Faith and family are central to David’s life, and the Scully family are active members of St. Peter Church.

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