Can You Spot Your Investment Flaw?
December 9th, 2009 // 4:00 am @ Andrew Rosenbaum
The federal government says the country is coming out of the recession. My biggest fear is that, with the market recovery, people with a lot of ground to recover in their portfolios will chase risky high returns again.
But with high-risk investments you will inevitably lose your money. That’s not financial planning; it’s legalized gambling.
A wealth swing coach helps you spot your investment flaws. Investors try to outsmart market volatility. They mistakenly believe they can cash in at the top, then balance their portfolios to preserve their wealth.
They rarely do. Sooner or later, the market will turn down again and they’ll have lost the opportunity.
Trying to outplay market volatility is like trying to control the weather. It’s impossible.
Remember the old expression, “save for a rainy day”? Don’t assume it will always be sunny.
As a golf fan, I like golf analogies. Tiger Woods never tries to outplay the weather. He doesn’t take wild risks. He meticulously measures, plans, and calculates every move he makes.
He starts out playing conservatively and defensively. Only if the weather’s right and only if he thinks he’s playing well does he go on the offensive.
So balance your investments by including assets that will endure no matter whether markets are sunny or stormy, and you’ll be better prepared if other investments decline.
Category : Financial Certainty &Financial Planning &Investing &Market Volatility &Wealth Swing Coach
Andrew Rosenbaum Featured in Life Insurance Selling Magazine
December 7th, 2009 // 11:44 am @ Andrew Rosenbaum
Brian Anderson of Life Insurance Selling magazine recently published a story on Andrew Rosenbaum entitled “The ‘Wealth Swing Coach’ of Wall Street.”
Here are a few highlights from the article:
“Rosenbaum, 55, has been in the insurance industry as a financial advisor for 33 years. He joined Strategies for Wealth, a General Agency for Guardian Life, in 1976 and has been there ever since. His focus on simplified and ‘safe risk’ financial, estate and retirement planning has stood the test of time. He is a 33-year qualifier for Guardian’s Leaders Club, a 24-year qualifier for Guardian’s President’s Council, and is a former president of the Executive Committee of the Leaders Club, the highest honor to be bestowed on a member of Guardian’s field force.
“While there was some initial struggle and he came close to leaving the business early in his career, discovering the principle, ‘Remember the mission, forget the commission’ struck a chord. Instead of focusing on what he wanted, Rosenbaum began to focus on the client’s wants and needs.
“…While competitors were shouting about being product-centric, he excelled by becoming client-centric. He went from selling to serving.”
The article continues by quoting Andrew:
“Safety is key, and that’s why my message is so timely. A sound financial plan is not about wringing every last bit of return out of an investment — it is about balancing and offsetting risk. Even if overall returns are lowered a bit by adding whole life, on balance, the entire portfolio is stronger as a result.
“I use the analogy of how Tiger Woods plays. He doesn’t try to hit the ball 350 yards every time he swings. He assesses the conditions he is playing in that day, and then swings. People need to do that with their money.
“In a golf swing, there are pieces of the swing that cannot be isolated by the player. You need another pair of eyes to see where those flaws might be. In financial planning, there are flaws that people do not typically see or understand. A prime example is that people go crazy over big rates of return, but they don’t take into account the taxes and fees they have to pay to obtain those returns. They fixate on a gross number. As a ‘wealth swing coach,’ I enable them to see that what’s really important is not what you make — it is what you keep.”
Category : Financial Planning &Press & Media &Wealth Swing Coach
Tiger Woods Shows Why You Need a Wealth Swing Coach
December 2nd, 2009 // 3:53 am @ Andrew Rosenbaum
A few years ago I was watching a major golf tournament in which Tiger Woods had the lead going into the final day. Tiger is widely recognized as the greatest golfer in the history of the game.
So Woods was taking practice swings before teeing off, as an older gentlemen stood off to the side carefully studying his swing. The commentator informed the viewers that this man was Butch Harmon, and that he was Tiger’s swing coach.
I was somewhat shocked. I had no idea he still had a swing coach. Why would Tiger use one?
At that moment the commentator said, “Butch Harmon is one of the best-kept secrets in the game of golf. He consistently helps his students knock two to three strokes off their score by increasing their efficiency.”
The storehouse of knowledge Harmon had acquired from studying thousands of professional golfer’s swings enabled him to spot tiny flaws in even the greatest golfer’s swing. Though Tiger knows he’s the best in the world, he’s wise enough to know he cannot see himself swing.
So Butch serves as Tiger’s “eyes of wisdom” outside of himself to make sure he’s optimizing efficiency.
What the swing coach does for the world’s greatest golfer is exactly what I do for some of the world’s smartest executives and entrepreneurs. I’m their wealth swing coach.
Most of my clients are highly successful. But they all have tiny flaws they can’t see. Over the short-term these flaws are barely perceptible and seem to be of no consequence. But over the long-term, they can be disastrous.
A common flaw I see is people choosing to chase wealth instead of building lasting economic confidence. People hope they will amass so much wealth they’ll be financially secure no matter what. But the events of the past 18 months prove how shortsighted that vision can be.
Some people stopped opening brokerage statements because it upset them to see how much they had lost. But they lost more than money — they lost their peace of mind because of this common flaw.
A “wealth swing coach” would have discovered and showed them how to correct it.
More people need a wealth swing coach. I’m ready to share what I’ve learned working with hundreds of financial planning clients. That’s the purpose of my book and this blog.
Category : Financial Planning &Wealth Swing Coach
The Wealth Swing Coach: Maximize Lasting Wealth with Certainty, Not Luck
November 16th, 2009 // 3:58 pm @ Andrew Rosenbaum
My book, The Wealth Swing Coach, explains how you can achieve lasting economic confidence and financial peace of mind, regardless of market volatility.
Why the title?
Well, I was once watching Tiger Woods taking practice swings, while a gentleman carefully studied his swing. The commentator mentioned that this man was Tiger’s swing coach, Butch Harmon.
I was somewhat shocked.
I knew Tiger was perhaps the greatest golfer in history, yet he still had a swing coach? Despite his skill, Tiger cannot see himself swing. Harmon’s vast knowledge enables him to spot tiny flaws in even the best golfer’s swing.
What the swing coach does for the world’s greatest golfer is exactly what I do for some of the world’s smartest executives and entrepreneurs.
I’m their wealth swing coach.
My book explains how you can become a more efficient investor by rethinking your attitude toward money and definition of wealth.
Here’s an excerpt that describes my philosophy of wealth and financial planning:
“Investors should stop pursing high-risk investments and begin to seek ‘safe-risk’ investments instead. My great fear is that investors who lost money taking big risks in the last few years now will take even bigger risks to try to recoup their losses in a hurry.
“What people need most is financial peace of mind. They need a financial plan that works whether the markets go up or down. They need to stop chasing high returns. My message is that it’s time to shift your financial goals from amassing wealth to ensuring lasting economic confidence no matter what.”
Purchase and read The Wealth Swing Coach to enjoy the following benefits:
- Reveal the hidden flaws that invariably result in money worries and erode financial efficiency.
- Learn how to get the closest thing to a lock-down guarantee as possible with specific financial contracts.
- Absorb a new financial strategy that will increase your economic confidence with certainty, not luck.
- Learn why it is better to “utilize” money than to merely “accumulate” it.
- Discover a new asset class hidden from the general public, which offers tax-free and tax-advantaged growth.
Category : Articles &Featured Content &Financial Certainty &Life Insurance &Wealth Swing Coach
