The Small Investor's Guide . . . New ideas for small investors
- Past Year
If you were not saving for retirement during the last recession, you may not realize just how devastating your losses can be. You work hard for every dollar...You wisely invest in IRA and 401k accounts to avoid paying taxes...You watch as your money grows over several years...only to lose a significant portion of your entire savings in just a few months.
The "Smart" Money
In the meantime, all of the "sage" advisors tell you to "ride it out," to "buy at the bottom," and to take advantage of "dollar cost averaging." They simply tell you to "put your paycheck deductions in and forget it." Those strategies (like any strategy) can cost you much of your retirement. So doesn't it make sense to consider alternative strategies that might reduce your losses?
Why listen to me?
I do not make my living in finance. It makes no difference to me if you consider my advice or not. I don't particularly care if you can "prove me wrong" with history or real facts. What I can promise you is this...
Why am I telling you this?
I have absolutely nothing to gain from giving you advice. I do not make my living as a financial planner, accountant, or advisor. As someone who has suffered significant losses in my retirement plan in the past, I naturally want to help others avoid the same fate. Now, more than ever, you need to think a little harder about ideas for protecting your money. You can act on them in any way you want, or ignore them completely. But they will get you thinking about how your money is working for you (or not!). Whether you have $1,000 or $10,000,000 invested, you don't want to lose your hard-earned money.
The Small Investor's Guide
New ideas for small investors