Joe Marullo Insurance & Retirement Services
16818 Doverwood Way
Houston, Texas 77058
“I have a million dollars in the stock market because if I lose a million dollars, I don’t personally care.”– Suze Orman, quoted in the New York Times.
Many financial experts sell the path to success by using their all-knowing system. Suze Orman, Dave Ramsey, Jim Kramer, and most of the players in the financial expertise game, who write books or have talk shows or podcasts, have made fortunes giving people advice. Suze Orman’s quote sets the tone for many of these experts; she makes money giving them advice, money from those searching for help.
Let me break down the concept of investing to a fundamental level. Then, animals can help us understand how the market dictates movement, up or down.
The financial world can seem much like a zoo. Over the years, many terms now used derived from animals you may find at the zoo. The reason is simple; the animal terms are easy for people to relate to. For example, a bear hibernates, so if the market is in decline or negativity about investing is in circulation, it might be time not to invest or “hibernate.” Likewise, the bull represents aggression and growth; thus, a bull market signifies growth.
Many financial terms have used animals as a synonym in years past, such as a duck which meant floating along without any direction and doing nothing except quacking. Or a fish that was told to take a chance and buy any stock that looked reasonable regardless of any specific goal. Over time, we have three animal terms as surviving topics.
The best approach to investing might be to have your goals evaluated and your investments redirected to an allocation that makes sense over the long run. An old saying about investing in the stock market: “the bulls make money, the bears make money, but the pigs get slaughtered.”
Investing for specific goals is a solid approach; as you edge closer to your anticipated goal, many smart investors begin the move towards safety. Annuities can be a solid choice for you when it becomes your turn to run to safety.
For the most part, watching financial television shows or videocasts is a harmless habit. You may glean a few pieces of wisdom here and there or discover a viable retirement and income strategy. Consuming this type of media content can also help you keep money matters top of mind. Still, if you are within ten years of retirement, you should consider finding an expert in the “spend-down” part of finances.
Remember the Golden Rule many professional advisors and experts do not want you to know. The reason they do not want you to know this secret. If you did, you would no longer need theirs or anyone else’s advice.
Everyone at some time in their life runs to safety. Maybe it is time for you to re-think your retirement vehicles?
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