Elizabeth Warren, Victoria Wood, Mr. Damon King discussed on Chappelwood Financial with Victoria Woods
Housing lender. Right. Member FDIC. Welcome back to it's all about the money. Honey, I'm your host. They call me the financial David. My name is Victoria Wood's. We are coming to you live right here from the beautiful divas studio at chapel with financial services. And joining me as always as Mr. king of finance himself, Mr. Damon king. Now, if you're just joining us, welcome to twenty nine teen. I'm still getting used to that. I think it sounds pretty good. Actually, I've got a lot of exciting things already on the books for this year. So I'm expecting a pretty exciting Rockin year for sure this new years is always think Saudi time because I love it. I love starting something new, you know, you can start with a clean slate. You get to plan what I call. I do it all the time, but goal settings my favorite thing. But resolutions goals and planning I love it. The problem though, is with with where we are in our world is that not everything starts over. Some things we got to kind of drag along with us and that happens from two thousand eighteen which happens to be the volatility of the market now, we're going to be dealing with this all year. So the most important thing you can do is be sure so you can go on with your life. Go to work take your vacations plays your kids, do the things that you enjoy summer's gonna comback believe it or not you're gonna wanna play some golf the best thing. You can do for yourself is make sure that you are presumed properly through the year proportionately with a great plan. So you can go and live your life. It's as simple as that. Then you had in align yourself, get a second opinion. Be sure that you are prepared for whatever happens out there in Christ land because guess what there's already crazy happening. I mean, Elizabeth Warren is going to. She's got the thing going list with Boris coming after us. So I mean, that's it's going to be going to be her. How how many how many candidates do you think they're going to be by the time? It's all said there's going to be so many that we're gonna see a field of fifteen fifteen. Okay. Well, we'll get to. But look how many look how many Republicans there were in the ticket. Yeah. They're so there were quite a few obviously, they got weeded down as time went by. But yeah, I fully. Well, I do too. And I'm saying, you know, it's already started the election isn't until next year right people. But guess what? It's already started. So that's gonna that's also going to play into people's emotions. So I'm just saying be prepared. So how 'bout talking about protection? You talk about protection. How are we going to protect ourselves this year? And what do we mean by protection, particularly when it comes to your money? A lot of people think well bonds are protected money. Right. So that's why have bonds in my portfolio. So that they're less volatile. Stocks in which they are. And if you are accumulating, you're in your twenties, your thirties your forties. Maybe even still your fifties. Let's face it. You're going to have bonds probably all the way through the rest of your life. But bonds by their nature are not total protection. We'd say protection around here. We're talking total protection bonds are still investments in the stock market. Their value can go up. It can also go down. Correct. The kind of protection we're talking about is the protection that only goes up, but never goes down. How is that possible? Well, that's possible through some very simple, tools strategies that have been around for literally thousands of years south, and they're called fixed and index to nudity is now the index annuities are hybrids, they haven't been around for thousands of years, but the concept of a fixed annuities been around since the Romans. Oh, yeah. And the way it worked was a Roman soldier would go out. Okay. Now, let's say this story was a man. All right because usually they were men fighting, right? They didn't allow women to fight in the military. So the Roman soldier would go out and fight. Well, what if he was killed in battle? Well, the Roman government set up the special account that said all right? We're gonna put some money in this account. So that your widow and your children can get money received money for.