Retirement Resources President and Investment Advisor, Dave Boike, offers his condolences to those investors who have their money exclusively in the stock market and hopes there will be at least some college basketball to watch to distract everyone else from the prevailing state of mayhem.
Auburn Hills, MI — March 16, 2020— Dave Boike, President of Retirement Resources and co-author of The Ultimate Success Guide with Brian Tracy published a new blog post on the company website entitled, “From Madness To Mayhem,” in which Mr. Boike talks about how the coronavirus is affecting finances as well as college basketball.
Boike writes, “From playful mental illness to total real and treacherous chaos, yes, that is what this month has become. From the annual harmless insanity of watching endless college basketball games to wondering if there will ever be college basketball again, we have entered into completely unknown territory with the outbreak of the Coronavirus.” “And,” he adds, “the stock market is plummeting into chaos right along with everything else.”
According to Boike, “Even if you have a conservative retirement plan, portfolio and long-term financial plan, chances are you’re going to be feeling a little bit of an effect from the global coronavirus epidemic.” He continues, “However, your conservatism is going to serve you much better in this market than if you were taking risks and had the majority of your money in the stock market. In fact, we do not recommend that you put all your retirement money in the Stock Market. We believe in a diversified approach to retirement investing allocating between Short, Mid, and Long-term financial vehicles based on our clients goals and concerns. Our clients whom heeded our advice are doing fine.”
Read the entire blog post at https://www.theretirementresource.org/single-post/2020/03/10/From-Madness-To-Mayhem
About Dave Boike
Dave is a well-known financial educator, co-author of The Ultimate Success Guide with Brian Tracy, author of High Tide and contributing author of 21st Century Wealth. For over 30 years, Dave has been teaching investors age 55+ how to preserve their assets, increase their income, and reduce income taxes. He has taught Retirement Planning Classes at Michigan State University, Wayne State University and Oakland Community College.
For over 4 years, Dave was featured on NBC25 every weeknight at 6PM, discussing the daily market wrap-up. Many area retirees have used Dave’s advice to enjoy a financially independent retirement.
Dave is a Chartered Financial Consultant, a designation awarded only to the most experienced advisors who have completed a 10-course program of study, through the American College in Pennsylvania, focusing on Tax, Investment, Risk Management, Retirement and Estate Planning. He is an approved Member of the International Association of Registered Financial Planners, the Society of Financial Service Professionals. As a strong advocate of education, Dave recently spoke at The Michigan Association of CPA’s, and has taught retirement planning classes at Michigan State Education Center, Wayne State University, and Oakland Community College
Dave’s latest book, High Tide, A Practical Guide for Affluent Retirees to Protect, Profit and Prosper from the Coming Storm, talks specifically on the important challenges retirees are facing today and some new cutting-edge solutions to address those challenges. He teaches you in this easy to read book how to take the steps necessary to achieve your successful retirement.
Dave is Managing Member and Chief Compliance Officer of Retirement Resources, LLC, a Registered Investment Advisory Firm. Every year, since 2011, Retirement Resources has been awarded the 5 Star Wealth Manager of Michigan, which is only given to the top 7% of advisory firms.
This content is provided for informational and educational purposes only. The information, analysis and opinions expressed herein reflect our judgment as of the date of writing and are subject to change at any time without notice. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation. All investments carry a certain risk and there is no assurance that an investment will provide positive performance over any period of time. Information obtained from third party resources is believed to be reliable but not guaranteed. Past performance is not indicative of future results.