Writing That Check I Will Always Regret.


  

 

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Financial Survival

America's Future


Most Important  Commentator?


What public voice (s) have the most compelling arguments for their causes? Randi Rhodes brings an astonishing amount of actual information to her broadcasts..She is impassioned and gets very cranky at times. But she studies the issues. You'll certainly hear the gospel from ultra liberals. She she's smart.

Glenn Beck sounds like an evangelist but his observations about the federal government are often startling and worth consideration. Most people on the liberal side write him off completely. But there's a reason he has such a huge audience.

What is the most important personal issue we all face? In my opinion it is to avoid losing your savings acquired over a lifetime. For most of us only health maintenance could be more urgent.

Stock brokers and financial planners hope to see you earn five to twelve percent annually on your invested funds. The sad truth is losing any significant percentage of your overall savings can make those normal modest gains seem insufficient. Thousands of people lose more money making unfortunate decisions than any adviser can ever hope to earn for them.

In my financial advising practice I focus entirely on how to make more money by not losing your financial stake.

Why are well advised people losing on investments even when those investments are supposedly bulletproof? Look more carefully at which investments failed ? If the investment ties up money in paper, includes promises to pay with no guarantees, involve loans related to real estate the risks appear to rise. If the offering comes through a broker dealer and is not traded on a stock exchange exercise caution. If the opportunity is flimsily regulated it can be another warning sign. Commonly these types of investments may include REIT's, Tenant In Common deals, and loans (there are many more). Madoff-like ponzi schemes where you trust an individual or company with a any sizeable percentage of your savings account for more losses.

Don't confuse your appreciation for a financial adviser with their ability to see the future. They can't.  Most of us want to trust those close to us but many losing opportunities were introduced through friends or family members.

Other threats which commonly damage savings retention include a) Health care expenses; b) Divorce or settlements between partners; c) Forced or unexpected legal settlements; d) Business failures; e) Family expenses such as supporting a child who is struggling; and f) Real estate investments which go bad.

So it’s clearly difficult to completely screen the viability of any investment and yet there are screening steps you can take. These steps are a fundamental component of my financial consulting practice.

The goal is to avoid writing that check I will always regret.

I am actively looking for a few accounting practices or law offices who may wish to partner on seminars or presentations on the subject of wealth preservation. 

I am interested in any preventive steps you can take to protect yourself. You may wish to read a few other pages on this website. I frequently talk with potential clients to get acquainted at no charge. If you have substantial assets you may need a financial planner. I concentrate on defending your assets, let the planner, hopefully, deliver high returns in your investments.
 
Michael Sunday

707 778-2100 x 15

pyfnow@gmail.com 

     

 

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