CRASH-PROOF YOUR FAMILY
Contents:
What if a market crash comes along and wipes out half your wealth practically overnight? It could take at least a decade to make it back. Or you might never be able to make it back at all. How would you ever be able to retire?
I hate to even think about it. And look, the crash will come.
Message: “Crash Proof Your Family” from Jeff Martin
I think we all know that. With this strategy, you might never have to worry about getting wiped out in a market crash again. I know that sounds like a stretch. Because the markets are closed on the weekends, the chance of you getting caught in a huge market crash is zero. And your hard-earned money will never become that deer caught in the headlights. The bottom line is that this strategy protects your nest egg against the coming crash, while at the same time allowing you to potentially collect thousands of dollars on the weekends.
In fact, in a single weekend, you could collect up to 10 times the average Social Security monthly benefit. One of them even made more than half a million dollars. Think about that — half a million in the last 30 days alone. All from trading penny stocks the way I do. These are some of my advanced students, admittedly.
- CrashProof your Business | Academy of Business Owners?
- Cowgirl Kate and Cocoa: Spring Babies!
- Belly Fat: Blowout Part 2 Guide to Losing Stubborn Belly Fat with Healthy Eating: Fat Belly Guide to Eating Real Food and Reducing Fat. No Diet (Belly Fat Live Fit).
- MALAYSIA Country Studies: A brief, comprehensive study of Malaysia.
- How to “Crash-proof” Your Portfolio.
- 9 Tips for Crash Proofing Your Retirement Plan.
Nobody is forcing you at all. You can learn to grow an account exponentially. And it takes time when you first start with just a few thousand dollars. My top students have only reached seven-figures only after several years and many hours of hard work and study. It takes a long time to learn the rules, patterns and discipline to adapt to whatever opportunities the stock markets brings us each day, each week, each month, and each year.
We can not predict what will happen, but acting calmly is bound to serve you well. Do not panic is the first rule of a crash proofing your retirement plan. Many people think that crash proofing your retirement plan means that none of your money should be invested in the stock market. Avoiding stocks in retirement is not usually the best strategy. Stocks can do a good job of helping your income and assets grow and stay ahead of inflation.
Consider bonds, cash, real estate, derivatives, life insurance, annuities, precious metals and other types of investments. You also want diversified holdings within each asset class. For example, for stocks you would not want only large oil and gas companies. Instead, you might want a mix of small and large, international and domestic companies in different fields.
Not sure about the right mix of investments for your needs? Consider working with a pre-screened and highly certified fiduciary financial advisor.
Imagine a tomorrow where your bank demands instant payment of all business debts. Otherwise it's like trying to fix a punctured tyre on a moving car. You get lifetime access to the lectures. You're wondering how I can make these outrageous claims. They can survive lots of big mistakes. A single slip can hurt.
The bucket approach is advocated by many retirement experts. The actual percentage allocation to each bucket will vary by household and how much you need and want to spend over what time period.
Crash Proof Your Family
Try using the NewRetirement retirement planning calculator to help you figure out how much savings you need in different buckets. This award winning tool can also help you visualize what your retirement budget will be, how much income you will rely on from savings and investments over the course of your retirement and much more.
Warren Buffet is famous for saying: You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital.
It is a good idea to know something about the companies whose stock you own and to really believe in them. You will be less likely to panic and sell in a major downturn if you actually understand what the company does and know enough about the industry to project whether or not there will be a market for whatever the company makes in the future. Annuities can be a great way for those in or near retirement to stabilize a portion of their income. Some feel this is another leg on the retirement income stool along with Social Security, pensions and your various investment accounts.
However, you might want to consider purchasing an annuity to guarantee income that you could not live without.
Crash Proofing Your Family
Explore more of the pros and cons of annuities or get an instant annuity estimate. Find out how much income you could buy and see various options.
The central idea in this book, CRASH PROOF YOUR FAMILY, is to bring the family to God's original intention – a perfect family – as perfect as the Holy Trinity. The central idea in this book, CRASH-PROOF YOUR FAMILY, is to bring the family to God's original intention – a perfect family – as perfect as the Holy Trinity.
You might also want to explore other ways to produce retirement income. If the crash happens, Jimenez wants you to consider if it is a buying opportunity and to be really ready to jump. Instead of feeling encouraged that stocks are a good buy, investors become more cautious, fearing they will put money into stocks only to see the market continue to fall. In reality, however, stocks typically soar back upward well before the crisis that provoked the selloff has run its course.
The market recovery from the financial crisis illustrates this vividly. Despite assurances from the pundits that investors should not expect a v-shaped recovery, stocks did exactly that.
Your Instructor
All of this occurred despite fear continuing to grip the market and the widespread belief that stocks were experiencing a false recovery and would fall below their March lows in short order. If you experience losses in retirement investments, you are not necessarily in the poor house, especially if you consider alternate sources of wealth before selling stocks that are down. Getting a reverse mortgage or downsizing to release your home equity or going back to work — even if just part time — are pretty easy ways to bridge your financial needs while the stock market recovers.
If you have a plan that is easy to update, then during a crash you can quickly run different scenarios and really assess the impact to your near and long term financial health. The NewRetirement retirement planner is one of the the most comprehensive and powerful tools available.
Message: "Crash Proof Your Family" from Jeff Martin - Open Bible Baptist Church
This system makes it easy to run infinite what if scenarios at any time. Ready to crash proof your retirement plan? Login Find Expert Advice. Should I Buy an Annuity? Do I Need a Financial Advisor? Is a Reverse Mortgage Right for Me?
- Pharmacy Practice (Integrated Foundations Of Pharmacy)
- La mela è pronta e altri racconti (Italian Edition)
- The Subtle Thief of Youth
- Elogio della Solitudine (Italian Edition)
- SUPERPIG: The Tales Of The Evil Twin
- Information and Referral in Reference Services
- Exacting Hope: Memoir of a Forgotten Child