When you understand the history of market volatility and market corrections, your reaction should be a collective yawn. Ignore the financial media. Let others panic. Stick with your well-thought-out plan and don’t be swayed by the financial media or the securities industry that supports it.
Retirement boosts the chance of developing clinical depression by as much as 40%. Men, in particular, can lose purpose if their lives were previously defined by their work. These facts paint a disturbing picture of the perils of retirement.
Confused investors are easy to exploit. The securities industry does a great job of blowing smoke, so you won’t understand how to invest intelligently and responsibly.
Previously, the prevailing view was that conflicts of interest caused advisors to recommend expensive, actively managed funds likely to underperform comparable index funds. What the study found is worse – much worse.
The recent market volatility has brought out the worst in the financial media. Much of the discussion has focused on “explaining” the reason for the drop in stock prices. The most common explanation is “fear of inflation.”
You have to wonder about the mindset of those who harm the ability of their clients to reach their retirement goals in order to enrich themselves and their firms. When they reflect back on their lives, will they have regrets?