Financial Focus with Robert
Q. Robert, I watch a lot of financial TV shows. There seems to be a lot of talk about possible corrections or major pull backs in the stock market. I am 63 and have recently retired. How do I prepare for a correction? I can’t afford another 2008. – Thomas in Kernersville
A. That is a great question. I have talked with many other people who have the same concerns. Remember it is not if we will have a correction, but it is when the correction will occur. The first thing you need to do is know what you are invested in and how it works. You would be surprised at the number of people that have no clue what is inside their investment portfolios.
Ask yourself this question, “How much risk am I actually being exposed to?” You may or may not be able to answer that question without professional help. If you need help understanding your risk I would recommend getting a second opinion from a fee only advisor.
Chances are that if you lost money in 2008 and are still using the same type of investments, you will lose again when another correction occurs. What I am trying to say is, do not wait for something bad to happen and then try to correct it. Be proactive and take steps now to try to avoid future losses due to stock market corrections or pull backs.
Seminar Dates – September 23 & 30
Outwest Steakhouse at 6:00pm
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Robert Cooper
CRPC, RFC Registered Investment Advisor Representative / Providing Financial Planning Services in the Triad for Over 20 Years
336-993-2012 • www.coopercares.com
935-E Mountain St., Kernersville, NC 27284
Investment Advisory Services Offered Through Global Financial Private Capital, LLC, an SEC Registered Investment Advisor.
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If you would like a complimentary one-on-one consultation please contact our office at 336-993-2012.
Any comments regarding safe and secure investments and guaranteed streams refer only to fixed insurance products. They do not refer, in any way to securities or investment advisory products. Insurance and Annuity product guarantees are subject to the claims paying ability of the issuing company, and are not offered by Global Financial Private Capital.