In relation to your hard earned retirements funds, do you know the difference between I hope so money and I know so money? Unfortunately, Americans can’t predict how much our government sanctioned retirement plans will be worth in the future, within a capricious market and the inevitable rise of tax rates.
In this week’s installment of the David Lukas Show, David and his fellow associate, with David Lukas Financial, John Little talk about how important it is for investors to be proactive when it comes to their freedom, their money, and their future.
As the market races towards an inevitable correction, we’re still taking investment advice from fee-driven Wall Street to stay the course. Why do we do this? By readily accepting the occasional highs along with certain lows our investments bring us, we, as investors, start to believe that our rewards will greatly out-weigh the risks we take with our money.
This mentality has both facilitated and supported the widely accepted practice of dollar cost averaging (DCA). Dollar cost averaging is meant to smooth out market highs and lows by implementing the process of buying at all times…no matter what the market’s doing. What they aren’t telling you is that DCA’s effectiveness is questionable and numerous studies have been done to de-bunk this widely touted investment strategy.
If you’re continuously finding the losses your portfolio takes to be more annoying than the satisfaction rewarded in gains, there are other options available. David Lukas Financial specializes in the uncommon strategies that will put you ahead of the correction curve. For more information call David Lukas at (501) 218-8880.