I am not a financial adviser but I did have investments that I saw vanishing before my very eyes, and it concerned me greatly. As a person with very little investment experience, I felt the need to search for satisfactory answers.
It has been my experience that whenever I am motivated to seek an answer to a question, that answer invariably appears, and so it was with my search. I had read Rich Dad Poor Dad by Robert Kiyosaki a number of times and found it very informative. A friend of mine recommended I read his book, Rich Dad's Prophecy, so I ordered a copy. That book was a major eye opener for me.
We are used to the market going up, down and sideways. That is it's cyclical nature. However, if we were to graph it out over many years we would see that the big picture showed a steady upward motion, even though there were small dips here and there. The graph these days looks very different and it's quite frightening for many people. It is headed down on a very steep curve.
The first of the 75 million baby boomers in the U.S. are going to be turning age 70 by the year 2016. The U.S. has a law on the books that states that when a person reaches age 70 1/2 they have to take all their funds out of their 401k. The time to pay 'Uncle Sam' will have arrived. Just think for a moment what that is going to mean.
There are going to be literally millions of people selling off large holdings, because they have to. Can you imagine what that is going to do to the stock market. For the market to go up, we have to have more buyers than sellers. For it to remain the same, there would be about the same volume of sales to purchases. So, with way more sellers than buyers, the market is going to take a huge hit, and there doesn't appear that there is anything that can be done about it. I suppose it's possible that the Government will step in with another law allowing people to keep their money in their retirement fund longer. However, this will just delay the inevitable.
Most people understand that they are in a difficult financial situation, but they fail to realize the full impact. They are told that the best thing for them to do is to diversify, hold tight and ride out the storm. Many of them follow that advice and are unaware of what Warren Buffet said about this. He is quoted as saying ...."Diversification is a protection against ignorance. It makes very little sense for those that know what they are doing".
It's not too late to get a handle on your finances and make some intelligent decisions. Seek out the education you need to fully understand your financial position and take action now, to secure additional funds to see you through your retirement. The experts tell us that a home-based business is one of the wisest choices a person could make, especially during this economic climate. It is well known that fortunes can be made during such a time. There are many great opportunities out there. Go and find yours and take action. - 2364
It has been my experience that whenever I am motivated to seek an answer to a question, that answer invariably appears, and so it was with my search. I had read Rich Dad Poor Dad by Robert Kiyosaki a number of times and found it very informative. A friend of mine recommended I read his book, Rich Dad's Prophecy, so I ordered a copy. That book was a major eye opener for me.
We are used to the market going up, down and sideways. That is it's cyclical nature. However, if we were to graph it out over many years we would see that the big picture showed a steady upward motion, even though there were small dips here and there. The graph these days looks very different and it's quite frightening for many people. It is headed down on a very steep curve.
The first of the 75 million baby boomers in the U.S. are going to be turning age 70 by the year 2016. The U.S. has a law on the books that states that when a person reaches age 70 1/2 they have to take all their funds out of their 401k. The time to pay 'Uncle Sam' will have arrived. Just think for a moment what that is going to mean.
There are going to be literally millions of people selling off large holdings, because they have to. Can you imagine what that is going to do to the stock market. For the market to go up, we have to have more buyers than sellers. For it to remain the same, there would be about the same volume of sales to purchases. So, with way more sellers than buyers, the market is going to take a huge hit, and there doesn't appear that there is anything that can be done about it. I suppose it's possible that the Government will step in with another law allowing people to keep their money in their retirement fund longer. However, this will just delay the inevitable.
Most people understand that they are in a difficult financial situation, but they fail to realize the full impact. They are told that the best thing for them to do is to diversify, hold tight and ride out the storm. Many of them follow that advice and are unaware of what Warren Buffet said about this. He is quoted as saying ...."Diversification is a protection against ignorance. It makes very little sense for those that know what they are doing".
It's not too late to get a handle on your finances and make some intelligent decisions. Seek out the education you need to fully understand your financial position and take action now, to secure additional funds to see you through your retirement. The experts tell us that a home-based business is one of the wisest choices a person could make, especially during this economic climate. It is well known that fortunes can be made during such a time. There are many great opportunities out there. Go and find yours and take action. - 2364
About the Author:
Jan Shimano was District Manager for Health & Welfare Canada for many years. She was also self-employed as a Nutritional Consultant. She is presently a Business and Health Coach and operates her own internet marketing company from her residence on Vancouver Island. Jan also invites you to drop by and visit her on YouTube at www.youtube.com/1jinny
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