Choosing a Paint Color

One of my favorite television channels is Home and Garden television or better known as HGTV.  The various shows center on decorating or re-imagining living spaces.  I can spend hours watching the different hosts tackle projects and successfully re-invent the spaces from beginning to end.

As the decorating comes to a conclusion the house is always the perfect space for the lucky family.  However, I wonder if the decorators ever endure any of the difficulties that I do when decorating a space, especially when it comes to paint colors.

Have you ever been completely overwhelmed when trying to choose the correct paint color for your room?  Many times I have purchased sample paint colors to help narrow down my choices.  Although it looks good on a small patch of wall, sometimes the larger space changes the shade.  And repainting is not always an option.  So you learn to live with the color, hope you grow to love it , and disguise it with different furnishings and accessories.

There must be at least ten thousand choices of paint from different brands, finishes, colors and shades.  It is nearly impossible to be certain to choose the correct one.  I’m sure that there are some that you could eliminate immediately such as a bright orange or dull brown.  But the task to correctly pick the right brand with the right finish in the right shade is daunting.

It could be compared to picking the right stock.  How do you choose the correct holding in an arena of thousands of choices?  And are you certain that the company is the right choice for your needs?  Will it provide for you for the  long-term and if not, are you able to change your choice without consequences?

We believe the best approach is to diversify your holdings according to your needs.  The ability to own a small piece of all of the thousands of companies in your portfolio will decrease the chance of choosing the wrong company.  You can create a portfolio composed of different sectors such as US small companies or International large companies that will provide you with long-term results.  By incorporating all of the companies that fall into that specific sector, you eliminate the risk of choosing the wrong “color”.

Increase your chances of success by globally diversifying your portfolio and in doing so, end up with the “perfect shade” for you.

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About Maureen Crimmins

Maureen Crimmins is co-founder of Crimmins Wealth Management and a fee-only independent financial advisor. Have a financial question? ASK MAUREEN

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