Monday, August 30, 2010

Stop Talking and Start Fixing – or Get Ready to Potentially Become Dead Broke

Stop Talking and Start Fixing – or Get Ready to Potentially Become Dead Broke

Since the September 2008 stock market crash and the subsequent wild rides, it has become almost unusual to run into an investor who didn’t lose significant portions of his or her portfolio. I have even met some folks who lost upwards of fifty percent! That’s half of their nest eggs.

Investors are really, really worried – and rightly so. They all express the sentiment that they NEVER again want to see their portfolios in a predicament of this magnitude. By all accounts, this is a truly horrific situation, and I have since spoken and written in support of these investors. And by all means, each of these investors has the right to express and vent his or her frustrations.

Here’s the thing, though. If all you do is talk – or vent, in this instance – without taking any concrete action to actually fix the problem, you will accomplish nothing. Frankly, this is not one of those situations where simply discussing the problem gets anyone anywhere worthwhile.

So, please, if you’re serious that you never again want to lose that much of your portfolio or feel so powerless and insecure about your retirement, you’re actually going to have to take some pragmatic action to fix the situation. Again, I perfectly understand that you may be feeling betrayed by your advisor. But once you’re done venting, go ahead and fire him or her. FIX IT!

How Do You Fix It?

Believe it or not, there are folks just like you who did not – I repeat DID NOT – lose even a penny of their portfolios’ value when the very same stock market crashed. What’s more, they are also positioned to make strong index-based gains, whenever things improve. Needless to say, they are quite pleased with their current situations. So consider educating yourself about the strategies these folks are pursuing to see if they might also be useful to you.

Life being what it is, events like these will always happen. Before they come at us, though, we must reevaluate and, if necessary, make changes about particular strategies that simply do not work. If we don’t make changes – or just talk – can we expect any different outcome or ever feel safer?

It’s time to take control of your own financial security. Stop talking and start fixing – REALLY!
To set up your complimentary, no-obligation consultation and explore ways you can start fixing YOUR finances TODAY, call Laser Financial Group at 301.949.4449 or visit us on the Web.

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