Comments on: When to Fire Your Financial Advisor: part 3 of 3 http://www.mmhabits.com/when-to-fire-your-financial-advisor-part-3-of-3/ To Achieve... To Succeeed... Thu, 09 Feb 2012 12:56:54 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Kerry Grinkmeyer http://www.mmhabits.com/when-to-fire-your-financial-advisor-part-3-of-3/comment-page-1/#comment-13424 Kerry Grinkmeyer Tue, 07 Apr 2009 21:58:31 +0000 http://www.i-endeavors.com/2008/02/22/when-to-fire-your-financial-advisor-part-3-of-3/#comment-13424 We were told that since 1900 if you stayed invested in a well diversified portfolio you would never have less then when you started in any ten year period. So what happened over the past decade? Most of us lost a sizable part of our savings in the 2001 Tech Bubble only to loose more of our savings in the Sub Prime Bubble. The $100,000 that we had in January 2001 shrank to $60,000 by October 2003 then grew to $80,000 in July 2007 and is now worth $40,000 today. We’re eight years closer to retirement and wondering how we’re going to survive if we ever do get to retire. Do we just plan on working for the rest of our life? Do we work until we can’t then go on Medicaid and welfare become a drain on the United States economy? Do we take what we’ve got left and develop a strategy and lifestyle that will allow us to live out a comfortable life without being a burden on or children and our country? The most important step is to find the best financial advisor in your city and develop a conservative strategy and stay on top of what going on, you’ll only get the attention that you request. We were told that since 1900 if you stayed invested in a well
diversified portfolio you would never have less then when you
started in any ten year period. So what happened over the past
decade? Most of us lost a sizable part of our savings in the 2001
Tech Bubble only to loose more of our savings in the Sub Prime
Bubble. The $100,000 that we had in January 2001 shrank to $60,000
by October 2003 then grew to $80,000 in July 2007 and is now worth
$40,000 today. We’re eight years closer to retirement and wondering
how we’re going to survive if we ever do get to retire. Do we just
plan on working for the rest of our life? Do we work until we can’t
then go on Medicaid and welfare become a drain on the United States
economy? Do we take what we’ve got left and develop a strategy and
lifestyle that will allow us to live out a comfortable life without
being a burden on or children and our country? The most important
step is to find the best financial advisor in your city and develop
a conservative strategy and stay on top of what going on, you’ll
only get the attention that you request.

]]> By: Carnival of Personal Finance #141 - The College Years Edition — Broke Grad Student http://www.mmhabits.com/when-to-fire-your-financial-advisor-part-3-of-3/comment-page-1/#comment-518 Carnival of Personal Finance #141 - The College Years Edition — Broke Grad Student Mon, 25 Feb 2008 12:04:20 +0000 http://www.i-endeavors.com/2008/02/22/when-to-fire-your-financial-advisor-part-3-of-3/#comment-518 [...] from Millionaire Money Habits explains When to Fire Your Financial Advisor. Your money is your early retirement, so you shouldn’t be afraid to have high expectations of [...]

[...] from Millionaire Money Habits explains When to Fire Your Financial Advisor. Your money is your early retirement, so you shouldn’t be afraid to have high expectations of [...]

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