In this week’s episode:
Eating our own cooking (James’s story)
As Chief Investment Officer, I led pension plans and other institutional investors into new and less risky investments and finally into structured products. What are structured products? It’s a boring name, but very good at balancing risk and return. Not long ago, only the biggest investors could get them; now they’re available to savers like you and me and I’m taking advantage of it.
Don’t be a stranger!
We get new products in the office every so often and we might have just what you’ve been looking for, so come in and see us from time to time. One couple that has been a client with us for some years came in for a portfolio check-up and got some very good news: their investments had paid off handsomely.
The darker side.
“If the market drops 20–30%, you’ll ride it out fine.” I’m hearing that a lot lately — are you? If an advisor believes a crash is on the way I’d rather hear “sell now — better a month too early than a day too late!” After all, it’s not just losing money at a bad time, but all the years it will take to make it back.
Retirement is a serious business, odds are you will spend as much time there as you did at work. Careful financial planning is vital! Don’t go against your better judgment because friends or family want you to invest in something you’re not familiar with (perhaps rental property). Talk to an advisor first.