Why are people still on the sidelines waiting for the economy to change? This is the new global economy and for at least the next 5 to 10 years this is the way it’s going to be. There is no quick fix out there, and there is no way that you can get rich quickly. Instead of thinking where to invest, think how can you save what you already have and how can I prevent future losses. If you go back 20 years you will see that the economy is worst off now than it was then. There is no get rich quick investment trick, no way , no how. Stop fooling yourself and start smelling the coffee.

There is a way that over a 10 year period that you can turn taxable income into non-taxable income and get decent growth and guaranteed returns. You can start putting your money away here and not have sleepless nights. Yes, it takes at least 10 years to convert this and make it worthwhile. Otherwise you can stay with the same old “dog and pony show” that “Wall Street” has talked you into by their fancy graphs and underperformance and excuses that have plagued America for over 20 years now.

When I started the business we were told to bring in accounts and sell what the company told us to sell them. It made sense for the broker, but not the client. Its the same way today. The commissions were higher for us, but it didn’t benefit the client Things are a little different now. Now we have unqualified brokers who know how to steer you into destructive path by putting you at risk and blaming the system.I know people that should be used car salesman that are giving damaging financial advice. The broker is supposed to know what works, what’s safe, what to do when the market goes down. The SEC who have rules in place to prevent this sort of thing to happen, didn’t even know that for over 20 years Bernie Madoff had a Ponzi scheme going. Even though there were numerous complaints about him. How can that be? How can we have the failures of major corporations such as World Com., and Enron. How does this happen? The writing is on the “wall street,” wake up and smell the coffee. There are lots of positive options that I can show you that are guaranteed.

If you read my old blogs or listened to my old radio shows you can see that we were calling out to the public years ago. It all didn’t make sense and this recovery does not have the earmarks of making sense yet. When it does it will still take 10 years. My only concern is when the very wealthy get overtaxed that they go somewhere else to live and work and take more jobs and resources with them.

Stay well and prosper my friends. Send me a private email at aklfinancial@mac.com

Alan

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God only knows what a mess the economy is in. God only knows what’s going to happen in the housing market. What Wall Street has done to this country is a crime. Wall Street has absolutely ruined it by turning this country upside down with bad investments and corporate greed. It’s just incredible what’s been going on with Wall Street. And the thing is, people still keep their money there! and blame the economy. I don’t understand. The first thing is, if you’re lucky enough to make money, you get taxed. But how many of you are in the same position financially today as you were ten years ago in 1998? I would say the majority of you are in the same position today as you were ten years ago. And the reason you’re stuck in the same position is because you listen to the hype. You listen to the same Wall Street line. You listen to a broker who tells you he’s going to diversify you. He’s going to put you into something that guarantees this or guarantees that. Well, let me tell you, there are no guarantees on Wall Street. And if you listen closely, you know that Wall Street comes out and tells you that there’s no guarantee. Listen to all the words in their advertisements. Listen closely. Do not listen to these brokers. They make a commission. They make money off of you whether you make money or not. Some of them make a fortune off of you. You have to take responsibility for your own financial life by learning for yourself. Financial education is the key thing! 

If your in stock market and nearing retirement I have to ask you what return on your money do you need to put your money in harm’s way. The economy is falling, gas is almost $5.00 a gallon, this will affect all goods going to market. Every sector now has to charge more to get their good to market. Look at the airline industry, they are now starting to charge for luggage and looking to charge for non alcoholic drinks.

Here is also something to remember, Lets say you invested $100,000 in the stock market. Year one you lost 50%, now you have $50,000 dollars. Year 2 it earned 50%, how much money would you have? You made and lost 50% so the average return is 0, but you money is now at $75,000. A $25,000 loss but the average that wall street advisor will show you is the percent. Deceptive right? 

My point is that wall street is an industry that sell you something just like any donut shop or store. They sell you a hope, but in the same breath they tell you there are no guarantees. They are there to make money off of you. This is America, if you don’t understand the stock market, why would you put money there? Do you trust them? I don’t, I know some very good advisors and believe me I know some unbelievably unethical advisors. Wall street is not the place to be.

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