FAMILY:
The media hype of the negative economy has many people afraid
to retire, afraid to invest and afraid to spend ... Your business
has seen a lengthy history of the U.S. economy ebb and flow
... What is your opinion of the economical forecast for retiring,
investing and spending?
Bert
Molner: My company has been around for over 135 years,
which is a fancy way of saying "we know of a lot of things
that don't work". Clearly, things have been changing recently.
However, the more things change, the more they seem to stay
the same. In every decade during this century, we have seen
crisis such as wars, oil embargos, presidential elections,
unpopular presidents, assassinations, and good market times
as well. You must anticipate and expect these headlines in
your investment plan.
What
many people forget, is there is also risk in not investing.
Think back to 1960. The average cost of an automobile was
a little over $2,300. The average house cost about $13,000
and a postage stamp was 3 cents. Ten, twenty and thirty years
from now, inflation will cause these items to continue to
increase. Therefore, today's money needs to increase in value
to keep up with these costs, or you may not have a very pleasant
retirement.
According
to our chief financial analyst, Alan Skrainka, "these recent
market fluctuations are common, expected and necessary, otherwise
bubbles will form". If you wish to take advantage of the investor's
motto "buy low and sell high", there are some nice opportunities
to buy some high quality investments at a bargain.
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