I heard Mitch Anthony, founder and president of Advisor Insights Inc., speak at a retirement conference a few years ago, and he said “retirement doesn’t work.” He calls retirement an “artificial finish line.” It was an industrial age construct for people who worked in an industrial age environment. He observed that leisure has little meaning outside of work.
In the world of casinos, there are quite a few bets that would be considered a “sucker bet”. That’s a bet that seems like a good idea with enticing odds that almost never works out. In the world of investing, one of the all-time sucker bets is market timing.
Planning vs. Investments
If you get confused by all the names investment professionals go by, don’t worry, so do I. Investment Advisor, Financial Planner, Wealth Manager, Asset Manager, the list goes on. Where the main disconnect happens in my opinion, is in the services they provide. The big difference in Financial Planning vs. Investment Management.
To read past issues of The Reich Report that appeared in The Current & Gazettes of Atlantic and Cape May Counties, please click the link below.