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TV Expert Interviews / Motivational / Sep 5, 2021 / Posted by Radon Stancil / 189 

Ways to Secure Your Retirement (video)

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In this Expert Insight Interview, Radon Stancil discusses ways to secure your retirement. Radon Stancil has written several books and has a new book, entitled Secure Your Retirement, out now.

This Expert Insight Interview discusses:

  • The three ways to approach investing
  • Why speculating is extremely risky
  • How to actively manage your money to achieve the best results

Three Ways to Invest

We live in a time of confusion and even panic with rising inflation and people pulling money out of their retirement funds and putting it into precious metals and cryptocurrencies. People are finding it difficult to get their heads around the current economic situation and keep a perspective for the future.

When it comes to investing, there are three different ways to go about it. One is to simply buy a diversified portfolio and hold it no matter what. This approach is challenging because when the market starts to correct or crash, people panic and make emotional decisions. Unfortunately, that means they usually decide to sell and get out at the bottom of the market, which is the absolute worst time to do so.

Speculating

The second way to go about investing is speculating. This is what we mean when we talk about the idea of using your retirement funds to buy gold. The speculation here is that the economy or the dollar will crash, and buying gold can protect us from that. The reality is that gold has historically not been a very good investment.

This approach is not reserved for precious metals only. Selling any asset and buying something else because you believe it will perform better can be categorized as speculating. This way of investing can potentially make you a lot of money, but you’re exposing yourself to risk as well.

Actively Managing Money

The third category, which Radon Stancil recommends and employs, is actively managing your money. What he and his associates do is track demand in the market, weighing supply vs. demand constantly. This allows them to move as markets move and protect their investments from exposure.

For example, at the beginning of 2021, small-cap and mid-cap companies were big, but that is not the case anymore. So, savvy investors need to shift their portfolios out of these companies to where things are stronger.

Our Host

John is the Amazon bestselling author of Winning the Battle for Sales: Lessons on Closing Every Deal from the World’s Greatest Military Victories and Social Upheaval: How to Win at Social Selling. A globally acknowledged Sales & Marketing thought leader, speaker, and strategist. He is CSMO at Pipeliner CRM. In his spare time, John is an avid Martial Artist.

About Author

Radon Stancil, CFP, is a best-selling author and the founder of Peace of Mind Wealth Management, a firm committed to helping individuals retire with excellence.

Author's Publications on Amazon

Radon Stancil has helped countless families create personalized financial roadmaps that lead to retirement success. He explains that there are no cookie-cutter approaches to retirement planning.
Buy on Amazon
"Secure Your Retirement: Achieving Peace of Mind for Your Financial Future" was written to help you gain peace of mind while planning for and living through retirement.
Buy on Amazon
Learn how to create a comfortable, worry-free retirement. Identify the key components of a personalized income plan so you won’t run out of money in your lifetime.
Buy on Amazon
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