(The following is the fourth of a special five part series meant to be shared by professionals and non-professionals alike. This particular series covers
only one of the 7 Deadly Sins Every ERISA Fiduciary Must Avoid.)
How will the Donald Trump Presidency affect your retirement?
If you believe the big media outlets, he is going to steal your wallet and your retirement account.
I doubt that this is the case. But, how would I know?
While we are certainly overdue for a market correction in the U.S., the timing of a correction is of course the million dollar question.
I’ve said this before, but I’ll say it again; I am not in the business of predicting the stock market. I am in the business of helping people diversify their retirement savings through the set up of self directed retirement accounts.
In other words, it should not matter what the U.S. stock market does. My clients have the flexibility to move in and out of the market when ever they choose. Or, if they choose to have zero dollars in the stock market, they can do that too. If they choose to pull out of the market and hold cash, they can. If they choose to hold metals, or real estate, they can.
The point I am trying to make is that true diversification requires more than owning several stocks from different industries in the U.S. stock market. True diversification necessitates ownership of a variety of investment classes, as well as investment location diversification. When you have your retirement savings invested in stocks, bonds, real estate, foreign markets, and metals, you can call yourself diversified.
The best way to diversify your retirement savings is through a Solo 401k – accept no substitute.
Give Longboat a call or send us an email. We are not slick salesman; we are real people.