Retirement Killers are Hard to Avoid (Part One)

Retirement Killers are Hard to Avoid (Part One)

It’s no secret that retiring is a daunting goal…

Most folks squirrel away what they can and hope it’ll be enough once its time.

But without a solid plan in place, it’s easy to fall into a Retirement Killing mistake that could cost you thousands of dollars — or YEARS off your retirement savings.

Read on to see our first Retirement Killer and if it applies to you. Once you know what you’re up against, you’ll be better equipped to reach your retirement goals!

Retirement Killer #1:

Not Having a Trusted Source of Financial Information and Research

Folks who rely on the mainstream financial media for their research are oftentimes presented with BIASED information.

This manifests itself in a lot of different ways, like…

Conflicts of Interest

This is when a person or company could benefit from the actions they take in their official work.

For example, when you’re watching a television program that discusses stocks…

They have a potential conflict of interest with any company that pays them in advertising!

Do you think an analyst could really be unbiased when reporting on a company pays them $10 million to run commercials for their show?

Doubtful.

You’ll see another conflict of interest on the TV time and time again too…

The talking heads on TV will scream “buy buy buy” even when stocks are at their most expensive.

They’ll talk about “money sitting on the sidelines” that could boost stocks even further.

And the viewers at home will be convinced to buy at the top. Well, guess who you’re likely buying from at all-time highs?

The folks in the know, who are looking to cash out before the market drops.

This isn’t just me talking from experience either.

Fortune reported on a study[1] that found average investors tend to do the exact opposite of what they should:

They buy when stocks are popular (expensive)…

And sell when they’re unpopular (cheap).

Unfortunately, that’s the exact opposite of what you’re supposed to do. But most average investors underperform the rest of the market.

It takes REAL discipline to buy low and sell high…

Discipline that you WON’T find on the Mainstream Financial Media.

Another example of conflicts of interest is when companies actually run ads to promote their OWN stock to inflate their prices!

They’ll pay promoters to recommend their own stock — making money for everyone involved except you.

Conflicts of interest like these can range from slightly concerning… to completely illegal and scammy.

But it’s still not the only way mainstream financial media can mislead you on investments…

Incomplete Information

Mainstream media hardly ever tells the whole story…

But you’ll still see regular investors suckered into a bad trade by good news.

Maybe it’s a new drug approval by the FDA…

Maybe it’s an anticipated product launch…

Or maybe it’s an acquisition.

When journalists report on catalysts like this, it can indeed send the stock soaring.

But eventually the stock corrects itself, and you can be left holding the bag.

Then, media sometimes completely ignores the stories that could make you the most money!

Wall Street analysts hardly ever cover small stocks, even though they have the most potential at a windfall gain.

And you’ll hardly ever see stories on great companies that pay reliable dividends just because they’re “boring.”

Fear not, because as a part of my mission to help broaden your financial resources, I link you with gurus that give you credible financial research and recommendations.

I’ll be back soon with Retirement Killers #2 & #3.

With Purpose,

Patrick Gentempo

Patrick Gentempo