Published On: Fri, Apr 27th, 2012

Precautions are Useless After a Crisis!

Share This
Tags

By: Robert Child

As a financial advisor, I get a lot of questions. Some people ask me if it’s a good time to invest in the markets, or if they should be sticking their money under a mattress. Others ask me about the economy. A few ask me about specific investments. But the most common question I get is probably the best. “What,” they say, “is the number one tip you can give me?”

Precautions are useless after a crisis!

The best “tip” I can give is quite simple, Precautions are useless after a crisis! When’s the worst time to buy a home-security system? After a break-in. When’s the worst time to check your tire pressure? After you’ve already had a blowout. When’s the worst time to put your seat belt on? You get the idea.

It’s a fundamental fact of life, and it extends to your finances, too. Money can take hits just like everything else. People lose their jobs. Investments can plummet. There might be a death in the family. We have to contend with natural disasters, theft, fraud, and just plain bad luck. There’s only one way to fight it: by having a plan. But a plan is nearly useless after the fact.

So what’s my number one tip as a financial advisor?

Do now what you’ll wish you had done later. If you take suitable precautions for your money, you’ll find that it’s always there to support you, even in your direst need. Don’t trap yourself by the hardships of life.

Because precautions are useless after a crisis.

Securities offered through vFinance Investments, Inc. (vFin), Member FINRA/SIPC. Child Group Wealth Management (CGWM) advisors are
registered with National Asset Management, Inc. (NAM), a SEC Registered Investment Advisor and affiliate of vFin. Accounts are carried by
National Financial Services LLC, Member NYSE/SIPC, a Fidelity Investments company. NAM and vFin a Fidelity Investments company. NAM and vFin are not affiliated with CGWM.

Bobbin for Dollars and Sense is written by Robert Child, President of Boca Raton-based financial company, Child Group Wealth Management. Bob is known for his common sense perspective. He understands how to think and act during critical times. Few of today’s active financial advisors have lived through the NYC Bankruptcy Crisis of 1975 or the Washington Public Power Supply System debacle of 1983. Bob believes both financial catastrophes have strong similarities to today’s economic quagmire. When economic times and financial markets were tough, Bob was there and learned from those financial tragedies, first-hand. Advising clients for almost 40 years, Bob has a team of seasoned and disciplined professionals working aside him servicing retirees and soon-to-be retirees, for over eight decades, combined, by carefully assessing the personal needs and financial goals of their clients. For more information, visit www.childwealthmanagement.com

Comments

comments

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>


8 − two =

Photobucket
Pin It
We often receive military orders, are used to shield the phone bombs, as a good cell phone jammer factory, we need to ensure quality.
I hate those people who use the phone loudly. They are in public places that care about other people's feelings, I really should use cellphone jammer to put their Zuidou sealed.
We do not know being followed in many cases, in order to prevent such incidents, GPS blocker have used as a guard against such incidents occur.
Canadians pay attention to life, we often speak loudly in order to call on the road who worry, do not know the mobile phone blocker are not suitable for us.
What mobile phone jammer in the examination room is the real meaning? That is to make cheating candidates signal disappears, so that everyone fair exam.
Swiss luxury watches have a lot of fans in the world population, they like luxury watch and precision workmanship, every person has a high-end Swiss watches, Swiss watches are full of praise.