Risk of Outliving Your Assets
In my opinion the risk of outliving your assets is far greater than the risk of loss on your investments — Roger Wohlner (CFP)
In my opinion the risk of outliving your assets is far greater than the risk of loss on your investments — Roger Wohlner (CFP)
“Bear markets have always been temporary and so have bull markets”
— Sir John Templeton (one of America’s most famous mutual fund managers).
Whatever is happening on the upside is not going to go on forever so don’t invest that way. Similarly, when we have a bear market avoid the trap of thinking it will go on forever.
Generation Y investors, like Robert White, are far less eager to take on risk, and experts say may be doing themselves a disservice.
“Risk comes from not knowing what you’re doing” — Warren Buffet
Don’t invest on a hunch.
Don’t invest based on hope.
Don’t invest based on emotion.
The less emotion in your investment process, the less the risk.
Advice that financial planners have for members of Gen Y.
What if your financial adviser is not a fiduciary? Other types of advisers, most notably people acting as brokers, must adhere to a lower “suitability standard,” meaning a recommended investment merely must be suitable, rather than “in your best interest.”
Even smart do-it-yourself investors comfortable with online discount brokerages need an advisor. Read more…
One-third of U.S. households have no life-insurance coverage. This is the highest percentage lacking coverage in over 40 years. [source: Wall Street Journal, 08/30/10]
If you’re in your 30s and you decide you’re not going to be in the stock market, how does that influence your savings? According to Mark Miller, author of The Hard Times Guide to Retirement Security, this is really going to hurt your chances of achieving a secure retirement down the road.
Studies have shown that investors who use a financial advisor experience better long-term portfolio performance because they are more likely to adhere to their strategy and thus reach defined investment goals.