Darcy Bergen | Weebly
  • Blog
  • About

The Appeal of Probability Has No Place in Retirement Planning

10/5/2018

0 Comments

 
Picture
A experienced financial advisor, Darcy Bergen specializes in estate planning, social security, and retirement planning. The president of Bergen Financial Group, Darcy Bergen helps people plan for their retirement. 

If you are investing for retirement, you should not take excessive risks with your savings or other assets. Many people invest with a mindset that portfolio gains will be made simply because they have been made in the past. 

They believe that an asset will appreciate in value over time from price A to price B, all the way to price C. That mindset is similar to gambling. It is the appeal of probability, the belief that something will happen just because it can happen, or has happened. Unfortunately, this is not always the case. Even bull markets crash, and when they do, many people lose money. 

Consider the last decade of the 20th century, at the height of the Dot Com boom. People invested money in tech stocks that seemed forever on an upward swing. However, the boom went bust and many people lost money. The same thing happened in the housing bubble. People were buying property all the way up to 2006, at the height of the bubble. When it finally burst, many people experienced substantial losses. 

Just because an asset has moved from price A to price B, doesn’t mean it will get to price C. It can go lower and if market forces dictate, it can go lower than its starting price A. Consult a retirement planner for advice on how best to protect savings and assets over time.

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Archives

    November 2019
    October 2019
    August 2019
    June 2019
    May 2019
    April 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    May 2018
    March 2018
    February 2018
    November 2016
    September 2016
    November 2015
    October 2015
    March 2013
    January 2013
    January 2012

    Categories

    All
    Benefits
    Clear Solutions For Seniors
    Community Outreach
    Darcy Bergen
    Finance
    Million Dollar Round Table (MDRT)

    RSS Feed

Powered by Create your own unique website with customizable templates.
  • Blog
  • About