I like to think that there have been times in the past when we have been able to count on plain old steady investment growth. You know, just a regular seven percent (7%) on our savings and 401k and the benefit of compound interest. It is frustrating for those who have discipline and save through dollar cost averaging, to not find investments that will simply pay off with regular deposits into retirement accounts, or other future needs.
It is the essence of financial planning and what makes it so difficult. Over time, all we face are ups and downs; some are just more extreme than others. We therefore cannot achieve a strategy that will work for our time horizon and risk tolerance. We need a plan that will allow us sleep at night. In “normal” times, the old rules could still net a decent payout. But with stocks, bonds and cash all still in a state of flux, it is even harder than ever to know what to do.

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