If your portfolio has not fully recovered from losses in recent times, you may wish to consider a more diverse method of accumulating wealth by incorporating alternatives to maximize growth while minimizing the downside risk.
You may be able to use time to your advantage when investing for wealth accumulation.
Generally, the longer you invest, the more potential your money has to compound interest. If your portfolio has not fully recovered from losses in recent times, you may wish to consider a more diverse method of accumulating wealth by incorporating alternatives to maximize growth while minimizing the downside risk. A very famous investor says: “Rule # 1: Never lose money. Rule # 2: Never forget Rule #1.” It’s not about how much growth you might get, it’s controlling the downside or losses that make the biggest difference in wealth accumulation.
However, with fluctuations in the stock market, it is important to remember that more conservative retirement strategies typically have only a portion of the assets invested in the stock market. Allocations can be set aside for more conservative investments and/or secured income contracts such as annuities. Annuities are long-term vehicles designed to help generate supplemental income during retirement. They have minimum guarantees backed by the strength and claims-paying ability of the issuing insurance company. After all, the last thing you want to do is lose more ground during the next market correction.
How can we help you with your planning? What are Your Goals & Concerns?
(Click the images below to learn more about each service)
Will A Recession Rob Your Retirement? A complimentary 20-minute Strategy Visit with Soutas Financial can help ensure you and your family are supported — even if the economy takes another dip.