More often than not; people base everything on hype or hope with their financial planning. Many of you have heard me say, “Hope is not a strategy”, yet people continue to pursue hype in hopes of having something that may or may not occur in their investment world.
Most stock based mutual funds through the end of 3/31/2010 were up as much as 90% for the period ending 1 year on 3/31/2010. Those were the same percentage gains we saw at the end of 1999, and you know how that worked out throughout the next 18 months.
Folks the handwriting was on the walk and at the end of March 2010 you chose to ignore it when it comes to your retirement dollars. I can’t say it enough, investing involves risk based capital.
If you don’t define your retirement dollars or retirement income as risk based; then why are in the stock and bond markets? In another word, retirement dollars should contain a large element of “what will happen, not could happen”. If you are still working on the could part or the hype and hope part, you may find you will outlive your retirement nest egg or retirement income.
There is song I like that goes like this; "life is a leason - you learn it when you are through".
How much of your retirement dollars have a “will happen” scenario in the mix?
Have questions regarding this or anything else? Drop me a line at:
michael@personalfinancialplanninggroup.com
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Hi there! glad to drop by your page and found these very interesting and informative stuff. Thanks for sharing, keep it up!
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IQ FINANCE PLC provides a full financial planning service to both the commercial and domestic markets. At IQ FINANCE PLC we believe that financial planning is about two things: creating wealth and protecting wealth. These two objectives are at the heart of everything we do. And, as a member of IQ FINANCE Services, we give you a small-company service but with a large-company set up – the best of both worlds.
ReplyDeleteYou are at liberty to engage our leased facilities into trade programs as well as in signature project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges and any other turnkey project(s) etc. Our terms and Conditions are reasonable.
Leasing Price : 4%+1%
Buying Price: 32%+2%
Contact us for more details on our terms and procedure of transaction.
Jamesolsen Terrazas
email : info.iqfinanceplc@gmail.com
skype: cpt_young1