Hi. Vince Oldre with another video on how to help you with retirement and I want to talk to you, how you can help protect yourself from the market at all time highs. Now every single day, we keep checking the market and it keeps going up and up and up and we’re waiting for that next bubble to burst. So here’s what you need to do. You need to first, set parameters. You need to understand how much you can lose. If you can’t lose very much, then we need to make sure that you have parameters in place so that you know when to get out of the market. The next thing you want to do is, use tools to your advantage.
Some tools you can use are stop losses that you might want to use or use a tool that we use called WealthGuard. And WealthGuard is a tool that will help you monitor your assets but also set limitations as far as what is the most you want to lose. And if you want to get more information on WealthGuard you can go to Wealthguard me. M-E, and you can get some more information or go to our website and we have a video on what WealthGuard does.
Now the next thing you need to do is actually have a plan. If you have a plan in place, you know how much you can lose. And often what we find is that you won’t be able to lose as much as you might expect when it comes to retirement planning. The reason why is because losses hurt you more than gains will help you in retirement. If you lose 50% in your portfolio, you need 100% gain to get to break even. Now I know a 50% loss is drastic, but in 2008 in total, from the top to bottom, the market went down more than 52%. So if you’re using the exact same strategies that you used in 2008, you want to make sure that you can sustain a loss like you had in 2008.
Now if you have any other questions on how you might be able to help protect yourself in the market, the other things you can do is diversify, make sure you’re looking at risk analysis and all these others things, where you need to have proper tools in place and the proper review. So if you need any help, let us know or send us another email or call and we’ll make sure to either A, look at your investments to make sure that you’re doing the proper thing you need to do. Or B, make sure you’re doing the proper things that we just mentioned here in the video so that you won’t be affected by the market highs, when the market decides to go the other direction. Again, I thank you for watching. If you have any other questions, please let us know.
