One of the most difficult tasks that individuals, and the financial advisors who advise them, face is choosing investments with characteristics that will help the individual meet his or her near and long term goals. While there are many courses that teach portfolio design, none can teach instinct and common sense. These two elements are ultimately the most important factors in developing an investment strategy.
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Long term care needs
As people grow older, they should begin to make plans for later years. It is important to think about retirement and those activities you would like to pursue. It is important also to think about the possibility that, at some time, you or a loved one might require some help with ordinary everyday activities or need care over an extended period.
The power of diversification
Despite the lack of guarantees, the advantage of equity investments still remains for beating inflation and for rapid accumulation of investment dollars. Part of the secret to maximizing that advantage is in recognizing the value of diversification by placing money in a variety of products. Consider the value of employing a mix of cash reserves, cash value life insurance, tax deferred variable annuities and a total return of growth mutual fund versus a single guaranteed fixed return.
Individual Common Stocks
Of all the investment alternatives available, no investment gets more public attention than common stock. People from all walks of life watch the market’s ups and downs with emotional concern and enthusiasm. The market is sometimes considered a barometer for the mood of the economy.
Bond Values (2)
Have you ever wondered why bonds change in value? Two factors affect the price of a bond:
－A change in its rating
－A change in interest rates
Bond Values
How Can an Income Annuity Protect Against the Risk of Living Too Long?
The purpose of an annuity is to protect against the financial risk of living too long…the risk of outliving retirement income…by providing a guaranteed* income for life. In fact, an annuity is the ONLY financial vehicle that can systematically liquidate a sum of money in such a way that income can be guaranteed* for as long as you live!
Whole Person Questionnaire
Many psychologists feel that the key to a successful life lies in “balance." If a person has a balanced lifestyle, by their own measure, they are better prepared to handle life’s challenges. The following quiz and chart can help you measure your balance of seven areas – family, health, education, career, service, financial and spiritual – in your lives.
Periodic Planning Review Agenda
REVIEW THE PLANNING PROCESS TO DATE
Are There any Changes in Situation or Objectives?
Have There Been Alternate Suggestions by Advisors?
Special Areas not Previously Implemented
Tips of claiming travel insurance
－ Keep your boarding pass, train, bus and taxi tickets.
－Get police report in case of robbery and traffic accident.
－Medical receipts should bear diagnosis.
－Get certifying letter from airline company for travel delay and loss of baggage’s.
－In case of any liability issue claimed against you, don’t try to settle or negotiate.
Investment Risk Factors
Nearly anything you might do with your money involves risk. The key is to understand, limit and manage risk in such a way as to accomplish your objectives no matter what happens. There is no investment that does not have one or more elements of risk. Yet, some of those with significant risk, such as real estate, common stock and closely held businesses, have the greatest potential for return. The only solution is to diversify, spread your funds around, carefully balancing one risk against another.
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