Key takeaways from Turmoil

I haven’t written much lately, and that’s been for a variety of reasons. The most important being that I had to ensure clients capital was sheltered from what seems like Tsunami’s of bad news. Not much changing to do, just some re-balancing into less risky investments and continuing to hold our oldies but goodies.

Some of my observations or takeaways over the last few months:

1. Don’t panic, analyze
2. Ensure you always have enough cash on hand in case of an emergency (worst case scenario)
3. Make sure you have adequate Insurance on all hard assets, including your lives
4. Believe in your ability and instincts
5. Never rely on others to help you out financially
6. Never assume someone in authority is smarter than you are
7. Question what seems too good to be true
8. You always get what your pay for.
9. Consistency always pays off
10. Take care of yourself and your health (mentally and physically)

Stay sharp, stay committed and stay focused

Rick