Take possession of your retirement assets and ensure your interest in them are fully secured to enable you earn maximum returns during your retirement.
Unless you are a trust fund baby or win the lottery, the way you will become wealthy is by owning full responsibility for every aspect of your wealth.
This causes you to get into action and correct and adjust your plans until you reach your goal. You must build your wealth like an entrepreneur builds a business: “if it’s got to be, then it is up to me.”
You are solely responsible for organizing your life so that wealth accumulation is a habit. Nobody else will do it for you.
You are the one that determines the priority of your spending habits and whether your lifestyle lags your income or not. You are the one who determines whether you start accumulating your retirement assets today or procrastinate until tomorrow.
Liberty means responsibility. That is why most
men dread it.
– George Bernard Shaw
When you take the right actions with consistency it will get you the desired result. Financial security becomes a question of “when” – not “if.”
Similarly, you are also responsible for the investment growth you create whether you hire an investment advisor or make the investment decisions yourself. You can’t blame Mr “Fix it” your broker, market conditions, bad luck, or anything else.
I’m imagining that you wish to retire early and you are aware that investing in stocks is a potential retirement asset that can give you sufficient growth to ensure you have a nest egg to last throughout your retirement. At the same time you are nervous about investing in the stock market considering the negative news and risks associated with investing in the stock markets.
First, let me say that I wouldn’t blame you for being skeptical. Even though stock prices have more than tripled after bottoming out in the wake of the financial crisis ending 2009 and now stand at or near record highs, there's that nagging concern in the back of many investors' minds that the market could suddenly reverse course and we could be looking at another major selloff and a prolonged slump.
And, of course, at some point that will happen, as it has many times before. We just don't know when or what will trigger the downturn. So the question is how do you invest your nest egg so you may take advantage of stocks' potential for long-term growth without leaving your self too vulnerable to devastating setbacks that could jeopardize the security of your planned retirement assets?
The answer comes down to balance. But not just balance in an investing sense, or creating an investing strategy that reflects an acceptable tradeoff between risk and reward. I'm talking about balance in an emotional sense too, achieving a level of equanimity that helps you keep your composure when the markets are in turmoil, so you don't do something you'll later regret, like selling your stocks in a panic at depressed prices.
The first step toward achieving investing balance is to build a portfolio of stocks and bonds that can generate acceptable returns while also providing reasonable downside protection.
The tool will also give you a sense of how such a blend of stocks and bonds has performed in the past, and you can also see how many years the various portfolios have suffered a loss and how each has performed on average over many decades.
You shouldn't think of this as any sort of guarantee of how a given combination of stocks and bonds will turn into a wealth of retirement assets.
If anything, many pros believe average returns going ahead for both stocks and bonds will be considerably lower than in the past. But at least you'll have a good idea of how different mixes have behaved under a variety of market conditions.
In your zeal to protect yourself against setbacks, however, you don't want to end up with a mix that's so wimpy that you run a high risk of running through your nest egg too soon.
The options on how to accumulate your retirement wealth of assets are not limited to stocks alone, you may also want to learn about what Robert Kiyosaki (author of the best selling book Rich Dad Poor Dad) has christened the business of the 21st Century. This will offer you an alternative way to create a lifetime of retirement wealth, and Yes you can diversify by doing both.
You make the decisions on which route is best suited to lead you to a wealthy early retirement, therefore the results are yours to own. You must be prepared to make mistakes, but ensure that you also learn from them keep improving the next time.
Some people feel intimidated by the idea that they are fully responsible for their results, but in fact, it is an empowering concept. It means that no matter what your results have been to date, you have the power to turn it around beginning right now.
You are in charge of building your wealth of retirement assets. Nobody else will do it for you. You decide what your financial results will be by the actions you take every day.
Return from Retirement assets to early retirement