Debt as a Negative Investment Debt does two things; It increases risk It reverses the law of compounding I would like to start by noting that every financial guru I know of discourages personal debt; even those who boldly proclaim that “cash is trash” as well as those who promote business debt, leverage. The companies...Continue reading
Tag: wealth
Three Common Mistakes Retirees Make
Three common mistakes retirees make when they retire. Millions of Boomers are worried that they will not have enough money for a financially secure old age. Many of them have good cause to worry, they don’t have enough. While it may be too late for them to save enough for a stress-free retirement, there may...Continue reading
Launching the Wealth Diamond Accelerated Retirement Plan
Launching the Wealth Diamond Accelerated Retirement Plan Are you worried about not having enough money to retire? You are not alone! According to a recent study, about 80% of people nearing retirement are worried. But knowing that others are worrying doesn’t solve your problem. However, the fact that others are in the same boat means...Continue reading
Wealth Diamond and Investment Management
Wealth Diamond and Investment Management Here is an overview of the recommended management approach to a Wealth Diamond portfolio. Secure Assets represent one’s ‘nest egg’ investment, the minimum required for a secure retirement. Secure Assets are best suited to a well-managed portfolio guided by an astute financial advisor who can advise on tax-efficient options. You...Continue reading
Wealth Diamond and Risk
Wealth Diamond and Risk Generally speaking, each of the three Wealth Diamond segments has a different potential for risk. Secure Assets can be considered as low-risk investments while the Cash-generating Assets are medium risk and the Speculative Assets as high risk. This is however, not always true as risk is directly influenced by specialist knowledge...Continue reading