Has the pandemic made you long for safety? Why annuities are a perfect choice during and after COVID-19. “Most investors consider the consistent rise in share price as a proxy for safety. Often not true!” ― A K Asnani Writing this in a pandemic-impacted world, I realize that many of us are at a loss [...]
What is a “Black Swan” event and how could it affect your retirement plans? "Go ask your portfolio manager for his definition of "risk," and the odds are that he will supply you with a measure that excludes the possibility of the Black Swan-hence one that has no better predictive value for assessing the [...]
I frequently ask clients during our first conversation, “what is the average return of the market?” Usually, without fail, they answer, “7% - 8%.” My next question is, “when has it averaged that return?” Usually, without fail, they answer, “historically,” or something to that nature. My response to this answer is, “do you think it’s [...]
If you haven’t read the colossal epic book about WWI, All Quiet on the Western Front, you might want to give it a go. Erich Remarque's novel about the horrors of war and the effort to remain alive while both witnessing and causing indescribable carnage is intense. The book catapults you to that time and [...]
Will everything in your life remain normal? “Normalcy Bias”: a belief people hold when considering the possibility of a disaster. It causes people to underestimate both the likelihood of a disaster and its possible effects. Many people may tend to believe that things will always function the way things have performed in the past. This [...]
“Only money left over after paying taxes can be spent. For the average person in the U.S., 34.5% of that sum goes to pay interest alone, to finance car purchases, homes, and various other purchases. This money is gone forever. It is making persons in the banking business wealthy. It can be yours to enrich [...]
We are now facing an economic situation similar to about 20 years ago, and I know from experience that you’re not going to like what’s about to happen to you and your important money.
Thinking about investing in bonds? You need to learn about the bond callable feature first.