by Teresa Kuhn JD, RFC
President, Living Wealthy Financial
“How would another drop of 49% or more in the market affect your current standard of living or your future security?”
– Pamela Yellen, Bank On Yourself.com
We’ve seen these signs before…
Extreme uncertainty and nervousness in the markets that translates to volatility and ultimately losses.
While no one knows for sure if these extreme ups and downs portend another recession, many experts are drawing attention to some nearly identical behavior patterns that occurred prior to the 2008 recession.
One of those experts, demographer Harry Dent, claims the stock market bubble we have today is the biggest ever.
His colleague David Stockman is even less optimistic, saying in a recent edition of his newsletter that, “The global financial system has come unglued. Everywhere the real world evidence points to cooling growth, faltering investment, slowing trade, vast excess industrial capacity, peak private debt, public fiscal exhaustion, currency wars, intensified politico-military conflict and an unprecedented disconnect between debt-saturated real economies and irrationally exuberant financial markets.”
What is for certain in all of this, though, is that Wall Street’s trick or trick pumpkin is slowly rotting away, and having less of your money mingled with the rot seems like a prudent idea.
“Are you tired of worrying about his day in and day out?”
I continue to believe that building up cash in a well-designed Bank On Yourself policy is the only way to regain the peace of mind you may have lost being on Wall Street.
Having the the use, liquidity, and control offered by a Bank On Yourself policy can give you a lot more flexibility and the ability to take advantage of bargains when you find them.
Don’t have a policy yet or need a quick review?
Call our office at (800)382-0830 Monday-Friday to arrange a consultation.