- How do you actually protect yourself and your family from financial disruption, loss or worse? Most people rely on financial planners, stock brokers or accountants to make critical decisions. Yet in many cases your advisors only make educated guesses at outcomes. They do stand to profit by controlling your assets and have limited incentives to protect you. Investments outside the stock market can sometimes do the most damage.
- I counsel people about choices in balancing financial gain with prudent security. I walk you through an outline of choices, we examine the tradeoffs before you make a purchase. Your financial advisor should be making you more money, I can be your sanity check.
- I don't sell securities in any form or control
anyone's assets. But I can help you avoid disastrous decisions. I
counsel clients over the phone about their total financial and
retirement choices. I charge $80 per hour for discussions. The process
normally takes one or two hours. My phone number is at the bottom of this page.
- I would not invest money in non-stock market investments for the next five years and perhaps more like for the next ten years. In that category I would include REIT's, Tenants In Common deals, and virtually any other real estate or speculative investment handled by any independent broker dealer. That's a lot of what's out there A listing on a stock exchange is no guarantee of success but it's significantly easier to verify assets and performance.
- Consider investing in assets such as commodities that can be traded or sold. Foodstuffs, firearms and water supplies all have long term value.
- Medical supplies, emergency provisions and converting holdings into precious metals you can spend are worth considering. A worst case is you can later re-convert them back into dollars.
- Almost none of us hold financial assets in non-dollar currencies. I am just beginning to examine the possibilities of buying Euros or Chinese currencies. Chinese money is call Renminbi or RMB and the popular unit is called the yuan. Is it adviseable to hold yuan instead of dollars? It's not yet clear but worth reading about.
- Gold, silver, platinum and palladium have picked up momentum and for good reason. But pricing precious metal purchases in the form of coins between the established, well advertised services versus a local coin dealer, the local guy was substantially cheaper and much easier to deal with. Unless you need the storage services offered by the national companies you don't need to pay their very hefty overhead.
- If you have thought about possessing a firearm for self defense where do you start? Pistols or revolvers are appealing for their size but always require licensing. Shotguns are generally thought to be more efficient and intimidating but they are larger. Here is a useful article: www.internetarmory.com/shotgun_defense.htm.
- I interact with people offshore primarily using Skype. You can email pyfnow@gmail.com.