How to Have Peace of Mind During Troubled Times
As the new Covid variant \u201cOmicron\u201d starts to spread like wildfire, are you protected enough? Can you manage that bad news and still maintain your peace of mind?
We often do the asset allocation/buy and hold strategy because that is what was introduced to us, and we don\u2019t know any better. Achieving your peace of mind means that your investment\u2019s risk is being actively managed at any point in the market using real data, and you\u2019re not in danger of losing any significant amounts of money.
In this episode of the Secure Your Retirement podcast, we talk about your peace of mind during a market fall and how you can achieve it by actively managing your assets. We also explain the difference between a data-driven investor and an emotional-driven investor.
In this episode, find out:
- Our goal is not perfection, but your peace of mind, a decent rate of return, and for you to lose less money.
- The common buy and hold/asset allocation strategy and how it can be significantly affected by a market fall.
- How we actively manage the markets with good risk management.
- How we protect our clients against significant loss during a crisis by use of real data rather than our emotions.
- The feedback we got from our clients on how we handled their investments during last year\u2019s market fall.
- For more information about peace of mind read our book Secure Your Retirement plus other resources.
Tweetable Quotes:
- \u201cOur main goal is peace of mind and to make a decent rate of return and not lose significant amounts of money.\u201d- Radon Stancil
- \u201cOur clients and ourselves feel so comfortable with this active approach because we don\u2019t have to know what\u2019s going to happen tomorrow, we\u2019re going to react based of what\u2019s happening today.\u201d- Murs Tariq
Resources:
If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
To access the course, simply visit POMWealth.net/podcast.