Investment solutions Learn to manage your finances and protect your financial future for Daniel C. Goldie
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The good news right now is that we are expecting to live longer and healthier. The expected period of life for a newly retired couple in the USA at the age of 65 is twenty years – longer than expected a few decades ago. Moreover, she has heard everyday medical advances that enhance the well-being of our lives, and help us overcome the difficulties of aging without problems.
The bad news is that many of us will not have enough money that will help them in a comfortable retirement, and we recommend that we do not rely on retirement plans, social insurance or traditional health care. Whether we save money to pay a down payment, to study our college children, or to retire comfortably, our need to invest in wisdom is more urgent than ever.
Some of us believe the exaggerations of self-saving that appear in the economic media and that tell us what we can do ourselves; they tell us that we are able to defeat the market if we participate in joint financing plans or the shares they recommend buying. She wants us to believe that we can quickly get rich if we follow their business recommendations.
As a result, we may waste a lot of time looking for the latest financial journals, studying speculative company research reports, or watching economic news in the hope of finding good stocks to buy, the best manages our investments, or the right time to enter or exit the market. Or we might do the opposite – ignore the importance of financial planning and “hope for the best”, or spend more time making our vacation plans rather than our financial plans.
For this, most of us end up taking unnecessary risks, not diversifying our portfolios properly and paying a lot of money in fees and taxes – which results in poor investment results with very little return and very risky.
The bitter truth with regard to investment is that many of us fear and do not know where to start, as the Wall Street market appears to us, as if it were a risk that all its possibilities stand against us. We fear the language of investments, and the advice that Wall Street analysts give us is tired of us, and as a result, it is no longer difficult to understand why most of us are confused about what we have to do with our money and are no longer confident of how smart financial decisions are made.
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