by: Don Meyer
As of the writing of this article, the market has been up and down, but down overall this year.
It’s still better than it was a year ago but a large portion of the growth people enjoyed since October has been erased in most situations.
No one likes losing money, but traditional investment advice says to wait it out. It will come back. The market is guaranteed to do two things. Go up and go down. So “advice” saying to wait it out is terrible.
The market is at a near all-time high still and many advisors would tell you to wait it out. That’s contrary to the very first thing everyone is taught about investing.
Buy low and sell high.
Well, everyone is still really high. That sounds odd but you know what I mean. If you have been saving and investing for the last decade, your accounts should have gone up. If not, you need to reevaluate who manages your money.
You see, most people forget that the market goes down because we have been on a historic bull run. Lots of people think they can manage their money themselves. It’s easy to manage your money when everything has been growing.
But now that we may be looking at a market correction to some degree, is managing your own funds or riding it out a good idea?
I’m going to say “no.”
The reason people don’t sell when the market is high is because of the fear of missing out on more gains. We get greedy. That’s okay. That’s natural to want to grow your savings for your retirement.
But at what cost? As of this writing, the market is down. What does that look like for you? The losses could keep going and that number could become even more. But, things could go back up, too.
So, how do we stop the bleeding, or avoid bleeding to begin with, and not miss out on potential gains?
Here are the two ways we help our clients…
One – Tactically Managed Money
Our investment advisors work with over a dozen different institutional money management firms. Their job is to watch our clients’ money every minute the market is open. They have their experience, their knowledge, and their tools to give them a clear picture of what is going on in the market and what will be happening.
When they see the market going down for a legitimate reason, like a market correction, and it will continue to drop they get our clients out.
They don’t let us ride the roller coaster to the bottom. It does not matter if you have $2,000 invested or $20,000,000. They get everyone out.
You see, institutional money managers are the ones that have managed the money for the millionaires, billionaires, and large corporations for decades. Now, our clients can get that same level of management that the uber-wealthy have enjoyed for years.
This gives our clients above-average returns without any unnecessary risk. With the potential correction we have looming, what you need is protection and not taking unnecessary risks.
TWO – Secure Guaranteed Retirement Accounts
Plain and simple, these accounts will NEVER let you lose a dime of your money due to a market correction. In fact, none of our clients in these have ever lost a penny.
And, they have had wonderful returns.
That’s what these accounts do. They give you the upside potential of the market without any of the risks.
The movement in the market recently has impacted these accounts in no way.
Your principal is guaranteed. This is how you sell high and still take advantage of any market growth and have no fear of missing out.
Imagine how you would feel if you knew that you could earn a reasonable return without any market risk.
Now is a great time to start playing defense if you have not already. Tactically managed money and secure guaranteed retirement accounts are the best way to protect your money and still give you the returns you’re looking for.
If you want to see what these options could look like for you either call your Both Hands FG advisor or schedule a call at this link to visit with us.
The longer you wait the higher likelihood is that the market will have a larger correction and you will have lost money you did not have to.
Imagine a year from now if your accounts are down 20% or 30% or 40% and you had the opportunity to avoid that loss. How would you feel?
If you don’t think you would enjoy that feeling, we should visit.
ABOUT THE AUTHOR: Don Meyer is the President and Co-Founder of Both Hands Financial Group. He is an investment advisor representative and specializes in helping clients prepare for retirement as well as providing solutions to protect and grow their money. In addition to serving his clients, Don trains thousands of agents across the country to show them how to properly serve clients using insurance and investments. Don also enjoys woodworking, kayaking, the Green Bay Packers, and spending time with the ten children and multiple grandchildren he and his wife Jenna share.