We all know that the world economy is in a bad shape now. Stock prices have plummeted, jobs are gone, layoffs are inescapable, anxiety levels are sky-high. lots of nations have officially revealed that they are in economic crisis.
It didn’t have to be that way. If they had increased their protection amount, the financial devastation that took place could have been quickly prevented. It would have just cost them pennies each day. Instead, it cost them a lot more.
Money earns money is an old saying of wise financiers. It still applies in today’s fast moving economy and will likely constantly be so. You are losing its potential and wasting your time if your cash is not working for you. Another old adage is that time is cash. This also holds true. Even a percentage saved and invested gradually can rapidly turn into something substantial. The sooner one begins, the faster one will see progress in the personal financial management.
Divorce. Lots of marriages fail and bring about a monetary catastrophe. So does all the loan; bank accounts; real estate and anything else of worth when you choose to divorce. For many, savings account can be frozen meaning no cash coming but the costs will still accumulate.
If you do want a copy of the report or if you would like to discuss my outlook for the economy and the marketplaces, call me. Our Portfolio Repair and Healing strategy and holistic Plurimi method can help guide you through exactly what’s to come.and it isn’t really pretty. You absolutely need to be prepared and organize your portfolio, so call me today.
Now think of the fuel that additional $10 Trillion in assets could bring tio economic growth. Even half of that $10 Trillion would make a huge shift in our economy. Half of the wealth services and half of the corporate stockpiles would alter the face of our economy from sluggish and agonizing to energized and healthy.
High annual costs have no connection with exceptional returns. On a regular basis the most pricey funds are the worst performers. A lot of retail financial investment funds become more mindful and end up tracking the market when they reach a certain size. Of course, they may still charge high costs. Few fund supervisors routinely outperform the market. Basically, the typical fund manager will provide a return equivalent to the index – minus costs. The more an active manager offers and purchases shares, the more likely his fund will underperform due to the fact that of higher costs. Many funds are too complicated to justify even higher charges. They should keep it simple. So the ‘poacher turned gamekeeper’ view is extremely clear and possibly it’s time to AVOID active funds.
Massey, pg. 159 – Manifesto of the Communist Party, by Karl Marx and Friedrich Engels, Readings for Sociology, Garth Massey, 2000 W.W. Norton and Company.