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THE PRUDENT MONEY OPINION
CURRENT MARKET NEWS
How I Manage Money Core Investment Strategy - These are longer time investments that provide a foundation for the investment strategy. Dynamic Investment Strategy - These investments are used to protect the overall investment account as well as to produce growth. More>> |
THE OTHER SIDE OF THE STORY
The Three Misconceptions About Working With an Advisor
Misconception #1: "My Advisor has the answer." If there were a magic solution that works 100% of the time, I would love to know it. By knowing this magic solution, I could reduce my workload tremendously and assure that all my clients reach their goals 100% of the time.
Run for the hills when you come across someone that states they haveanswer or have it all figured out. If that person has the answer, demand to see how that strategy worked 100% of the time in all circumstances. Financial services’ marketing is notorious for this type of message. There is no Holy Grail!
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The Five Biggest Retirement Mistakes Made After Being Laid Off
I have a rule of thumb for anyone who leaves a company, either voluntarily or involuntarily. Always take everything with you. You wouldn’t leave your personal belongings in your desk and you shouldn’t leave your 401(k) plan either. There are several reasons why it makes sense to take it with you.
First, expenses are probably eating you alive. Expenses are something rarely disclosed by company benefit plans. Most 401(k) plans have very high internal expenses. Leaving money invested in a high expensed plan when other options are available makes no sense. MORE>>
AVOID RETIREMENT UNCERTAINTY
Risk and Your 401 K Plan – How to Invest your Retirement Money
Since I started in the investment business in 1992, I have always been fascinated by the subject of risk. I am fascinated by the psychology of risk and how investors view risk. At the same time, risk is a highly technical, complicated study. The good news is that you don’t have to be a scholar to understand the basics. By understanding the basics, you can dramatically make a big difference in the ultimate outcome of your investments. MORE >>
The Prudent Money Management Account
Buy and Hold for the long term…….regardless of bull or bear markets! It really is a pretty simple concept to grasp. Financial salespeople don’t really require a great deal of training to sell the concept. The Financial Services Industry has the convenience of hiding behind this concept during the roughest of times. MORE>>
What You Might Not Know About Investment Advice
When a client sits down with an investment advisor, there is a lot of assuming that occurs. Investment clients assume that they are getting advice. They assume that their money is being watched. They assume that the advisor is taking their best interests at heart. It is important to understand how the investment business is set-up and to make sure you are making the right assumptions. MORE>>