Now in my fifth decade in and around the financial arena, I learned long ago that there are only three types of investors:
1 – Those who make things happen.
2 – Those who watch what happens.
3 – Those who wonder what the heck happened.
Only #1 has a realistic chance on coming out on top. Unfortunately, not only do I find 7 or 8 out of 10 families at all income levels, living at least one or two lifestyles higher than their income, but most are like deer in headlights at a time when they should be taking decisive action because “The Worst Era In History Is Ahead”:
Elon Musk, who I believe is the last warning voice who if ignored, we will see the U.S. Banana Republic take hold.
I have been speaking out about America’s #1 crisis, “DEBT and DEFICTS” for several years and time is very close to running out to really do anything constructive about it.
The last line in the above post from “X”, is critical, as I have warned about how much passive funds have made up the stock market now, and the double-edge sword I expect that to be:
Most hedgefunds should be avoided like the plague:
And finally, now more than ever, recognizing traditional financial planning practiced by the vast majority in the financial services industry, is a badly flawed process, that the vast majority of times failed to achieve the investors goals, has never been more critical.
My planning group believes proper management of cash flow, not chasing increasing net worth, is the key to a successful financial plan. Here is a video of my business partner for 25 years, David Suckey and I, acting out a typical first meeting with a potential client:
Both David and I were trained by who I called in my book, the smartest and most honest person I ever met in all my years in and around the financial arena, Frank Congilose. I truly believe between the three of us and our staff, we offer U.S. residents the best opportunity for success. I believe that’s why we have a 94% retention rate and clients are willing to share their thoughts on us.
Let me leave you with this:
