Stock market roller-coaster. Inflation. Economic uncertainty. Global financial pressure. If you are retired, nearing retirement, or even if retirement is years in the future, a major concern is how to protect your hard-earned savings from these major influences on your money and lifestyle. Shielding investments from these is a critical part of building wealth and making it last. Between 1970 and today, there have been 7 economic recessions in the U.S., occurring every 6 years on average, with the last recession in 2008 - the great financial crisis. It has been 10 years since the last recession, soon to be the longest such period on record going back to the 1860's. In their new book, Transformational Investing, co-authors Tom Halvorson and Richard Coe tackle this question head-on with unexpected candor and real-world wisdom, while exposing investment industry issues. Imagine treating a serious medical issue with 1960's thinking and equipment. And yet, that is standard practice today in the investment advice industry. Outdated strategies have left investors seriously exposed to unnecessary risk. Halvorson and Coe show that the core philosophy and standard of practice within today's investment advice industry have remained unchanged for more than fifty years, still based on theories developed in the 1950's and 1960's. In Transformational Investing, readers will discover: How the traditional investment approach became outdated; Why the industry is unwilling to admit it . . . or change; How you can benefit during roller-coaster markets.
If you want a better result with your hard-earned money, you must do something different. You must change your thinking and change your approach.