An educational service. I talk personally with clients.
If You Consider Any Investment, Ask This Question.
If you are investing outside the stock market (and not in real estate) the single critical issue is whether you can sell the investment anytime? Another term is liquidity. Commonly many private funds will lock up your assets if the economy becomes unstable. You don't want to give up your control.
How Can You Know Who You're Investing With?
Are my funds controlled by a Bernie Madoff? Perhaps the most difficult question for an average investor. You are talking with a person you trust and like. Your impression is your funds are totally safe. I help investors find the truth.
Can you recover lost investments?
Certain types of investments are at least partially recoverable working through the financial securities regulator, FINRA. It requires an attorney who knows the FINRA regulations and generally if your loss is more recent it will help. Generally, this process is less applicable to purchases in the stock market. I have recovered funds through this process.
Your stock broker can misplace your funds.
True story: A brand name brokerage house needed to transfer holdings (stocks, bonds) to a different account. They moved the wrong funds. And they didn't catch the mistake but I did. I assist clients to operate defensively, to ensure your assets remain intact.
Should You Actually Work Standing Up?
There is now ample evidence that spending our lives sitting down may be killing us prematurely. Scientific evidence is compelling. I assist you in making this transition.
The neighborhood you may need to depend on.
Do you talk with your neighbors once a year? Actually communicate?
Who is rugged, who is smart, who is sympatico, who has medical experience? If you had to depend on someone else is there a person who you’re comfortable with? Who could be counted on to help defend your shared turf?
Financial Preparedness In so many families no one may actually be in charge of monitoring their assets. "That's why we work with a financial planner." Is any family member tracking your planner? If you have aging parents or you are the person in senior years it's critical to know what will happen if someone becomes ill or passes away. By some estimates more than half the population over 60 has no real idea how to manage their own assets. I help clients recognize their own obligations and take charge where needed.
If the American Economy Drops?
If you can keep your aggregate losses to 10%, you'd have to regain only 11% to fully recover. Lose 40%, though, and you'd have to earn 67% to get back. That would take years.
For instance, assume that in 2008 you had $750,000 in your stock portfolio. That would have fallen to $472,500 after the crash. Even after a 4½ year bull run, you'd still be about $80,000 shy of the $1 million mark. Had you simply trimmed your 2008 losses by five points, though, your stocks would be worth $1 million today.
Contact Michael Sunday to get acquainted. 707 778-2100