Anniversary Issue - Revisiting Most Engaged With Content
Hey Y’all!!?
It’s officially the 52nd weekly issue of this newsletter, Smart Money.
Time flies!
I thought I’d use this opportunity to thank everyone for their readership and reflect back on some of my favorite topics that were discussed, a lookback or tribute if you will in random order.
Faves:
For those that might not be aware of what I do, or in case it’s coming as a refresher, I use the Life Insurance Industry as a vehicle for ASSET PROTECTION first and foremost, and wealth building second.
I don't deal in speculation. I deal in guarantees.
One bird in hand is worth 2 in the bush.
Guaranteed principal is a good place to start. By using solutions that don't have money at risk in the market, we're able to guarantee what you come to the table with and lock in gains as we grow your money.
I sincerely enjoy helping hardworking folks hold on to more of their money by using education and the “power vested in me” to leverage arguably the strongest, most stable, industry in the world- Insurance!
Life Insurance companies in America have been around since the late 19th century and have been famously used by John D. Rockefeller, Walt Disney, Ray Kroc, JC Penny, and Jim Harbaugh to start businesses, create wealth, create estates, and so on… not to mention banks like Bank of America, Wells Fargo, and dozens more who own billions in life insurance assets.
A favorite secret weapon of the wealthy, life insurance has many uses and benefits that critics tell people not to use out of ignorance, conflict of interest, you name it.
Not tooting my own horn but I research everything I’m passionate about and whatever I’m writing about, and when I see a classic “do as I say, not as I do” situation - I have to shine a light on it.
And that was the reason for starting my newsletter a year ago.
Education.
Simplifying the complicated.
Exposing the double standardness.
Now, keep in mind that my intention has never been to have people fire their financial advisors. Many High Net Worth individuals have multiple advisors in various areas of their lives.
But I will tell you when someone is paid for the number of assets of yours they’re managing as long as they have your account, how can there not be a self-serving interest for them to retain as much as possible?
It's only natural to want to keep it. It's their livelihood.
I'm not saying there are not great investment advisors or fund managers, but fair is fair. There's an element of risk in accounts that go up and down with the market, and an element of the fox guarding the henhouse.
Each person has their own built-in risk tolerance, the amount they're willing to lose without turning into a nervous wreck.
One thing I see often is that someone will tell me they are conservative, they have a hard time losing any money, and 80-90% of their money is in a variable account tied to the mercy of the volatility gods.
There's a term I recently came across called Pretirement that I saw coined by the AARP referring to people closer to retirement than the start of their career, meaning in the 2nd half of the journey.
Imagine a mountain climb where you collect money as you progress. You've made it to the top but now your load weighs a dangerous amount to scale back down with on your back.
What good is collecting all the cash if you can't make it down safely with it?
If you had the option to lock in gains from the stash as you acquired it by sending it back down with a sherpa who would protect it for you, to free your pockets up for new cash, lightening the load progressively as you trek, would it change the way you approached the climb?
That's part of what I try to educate on.
There's a rule of thumb: 100-Age= Percent to risk in investments that can go up or down. A 50-year-old could have 50% at risk and 50% in risk-averse vehicles.
If I could wave a magic wand and have everyone understand one thing about my views, it’s that I’m not anti-401k, anti-IRA, anti-stock trading, anti-crypto, or anti-real estate…I believe there’s room for all of it you have an appetite for.
However, all these asset classes named above, I believe, should be part of that 50% allocation in the 50-year-old investor example I gave, and the other 50% would be in things like:
Think of them like your vegetables.
Vegetables (sorry not french fries and street corn) have benefits to your gut, your blood pressure, mental clarity, bones and muscles, and more…
They don’t look the yummiest on the plate usually, but they’re important, so make room for them and don’t fill up on the stuff that’ll bloat ya or set you up for a heart attack later.
I’d love to hear from ya if you’ve enjoyed a particular newsletter edition or want more information about one of my past topics.
Always happy to share knowledge, listen to your story, and give you my honest feedback.
Here’s to another great year ahead!
Be Well,
Chris Kaden
Owner?I?Retirement Income Optimizer?I?Kaden Prosperity Protectors?I?Powered by?FINLine Financial
Proudly serving families in TX, FL, OH, GA, IN, IL, LA, WV, VA, NE, MO, NC
Direct Contact: 713-819-4218
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