Listen: Chris, Troy And Chris Perez discussed on Retirement Rescue
"Eight plus rated by the Better Business Bureau of Houston. Troy is also a certified financial planner. And also with us today is Chris Perez. Chris is the he's got what did you say? Troy, he's got the crystal ball crystal ball. I thought maybe you had the magic eight ball. But he's got the crystal ball when what happens because Chris has extensive time twenty five years in the financial world and has certainly done. Some incredible things Troy is super excited have Chris part of the Okara team. So we're talking about the markets today. And Chris I'm gonna ask you a question because you've worked with the number one in the number two mutual funds and in an entire year. According to the Lipper report, or whatever that's pretty impressive. Most of us like me, don't really get all that. So it sounds really good. I'm impressed. So here's my question. We're seeing volatility in two thousand eighteen that we did not see in two thousand seventeen. So my guess is a two thousand seventeen is the abnormal year where there was no volatile. Whatsoever. Because if I look at history and over one hundred thirteen year period from nineteen hundred at twenty thirteen there have been one hundred Twenty-three market corrections during that time period, which means at least one correction per year, maybe sometimes too and during that same time period one thousand nine hundred twenty thirteen there have been thirty to bear markets, which is a drop of twenty percent or more. Now, the corrections tend to nineteen percents. We're talking ten percent or more of happened. Uttering Twenty-three corrections during that time thirty to bear markets this how the markets work, right? Chris. They go up. They go down. They go sideways, and if you're trying to rely on the income from Wall Street to fund your entire retirement that means you got kind of what if income doesn't it? Yeah. The markets go up down, and they do go sideways over very long periods of time over longer periods of time, they grow with the economy. You know, the companies are there to return money in cash to shareholders if they do it in a good fashion on over long. Periods of time about a seven percent. Growth return, and then another two to three percent dividend return relying on two to three percent dividend return in this economic environment isn't enough, you know, we have other tools and strategies here at oak RBIs to provide income for retirees and to cushion that volatility that the stock market, and you know, in retirement, you generally, do not have any consistent income. So you don't want to be reliant a hundred percent on a volatile unknown instrument like the stock market.."