Harry Dent Predicts Stocks Will Decline As Much As 90% Reduce The Risks Now!
I don't think it comes as a surprise to you when I say I feel there is a big risk to IRA's and retirement plans. It's the biggest risk I've seen in a number of years. The threat of war, rapidly increasing inflation and tremendous market uncertainty. A combination of factors like these usually cause disruptions to the stock and bond markets with the added threat of a decline in the value of the dollar. Alternative investments like precious metals, real estate and currency diversification are the go-to safe harbors when risk is so high.
I've never been a gambler. I feel like I've worked too hard to lose my money on a roll of the dice, a spin of the wheel, or the hope of all cherries coming up on a slot machine. I'm not sure why I'm risk adverse when it comes to money, but adventurous in my personal life. Maybe it's the 6 years I spent in the Navy's Nuclear Power program. Rigorous training, as you can imagine, with an emphasis on risk avoidance and adherence to procedures designed to all but eliminate risk. Or it could be the post graduate classes I took through the Wharton School of Business with its emphasis on Modern Portfolio Theory, Behavioral Finance and the statistical analysis of risk.
My education and the lessons I've learned in life have taught me how important it is to evaluate and understand what the risks and rewards are of any given decision with an emphasis on financial decisions.
It's not an exaggeration to say the risks to the financial markets, and more importantly to your personal wealth, are magnitudes higher than I've seen them.
The risk of the war in Ukraine spilling over into neighboring countries and growing into something much larger is on everyone's mind as is the talk of other countries taking advantage of the situation to make their own aggressive moves.
There is high risk in the financial markets of course. Combine this with high inflation and the talk of the fed raising interest rates and you have tremendous risk to our market. A massive deficit with the likelihood of even greater spending will likely put downward pressure on the dollar creating currency risk.
Political risk to your hard-earned retirement savings is equally high with the current administration having already proposed rules which would radically alter your investment choices and restrict your ability to diversify your investments.
The rewards to moving your IRA and retirement plans offshore are high.
When you structure your account correctly, you gain access to the world’s markets and currency diversification. And you can help protect your account from the political, market and other risks I've mentioned.
I don't provide investment advice and we don't sell investments. We are here to help you achieve your goals in a compliant manner.
Let me give you some examples of the kinds of things you can do. Please, these are not recommendations. It's easier to paint a picture for you of what you can do with a few real-life cases we've handled. You can have your precious metals held in a secure vault in a neutral country, like Switzerland, own real estate on the beach in Mexico, or invest in something green like a teak reforestation project in Panama.
Do you own a portfolio of stocks, bonds, or mutual funds you've fallen in love with and don't want, or can't liquidate? If that's true, but you share some or all of my concerns and want to know how you can protect your account, I'm here to tell you it can be done. There is a way to keep your existing investment portfolio while moving it to an offshore account. I know it gets confusing, but it's totally possible to accomplish. If that's what's stopping you from taking steps to protect your account, I'd be happy to explain how you can do both.
The Rewards you gain when you “Liberate Your IRA” are significant. We can help you reduce your risk in these perilous times.
Odds are you have life insurance, car insurance, homeowners or renters insurance and health insurance. It's time you consider reducing the risk to your retirement account by protecting it too.
I started taking IRA's and retirement plans offshore in 1994 to help my clients protect their accounts and to give them greater flexibility in their investment choices. You'd be hard pressed to find someone with more experience than Sovereign International Pension Services.
By the way, I'd be negligent if I didn't include a couple of comments others are making about the current situation in case you think I'm the only one banging the drum. Here are a few headlines you may not have seen in the mainstream media.
Harry Dent Jr.:
In the unprecedented market crash that he foresees to hit this year, which will send stocks plummeting as much as 90%, refrain from routinely telling clients to stay the course and rebalance.
“That won’t work. The market is just going to keep going down. Richer people are going to lose the most. People will lose money, and … financial advisors are going to need bodyguards to keep their clients from shooting them,” Dent tells ThinkAdvisor in an interview.
Goldman Sachs Group Inc.’s economists warned the probability of a U.S. recession in the next year may be as much as 35% as they cut their forecasts for growth due to the hit from soaring oil prices and other fallout from the war in Ukraine.
Why Invest in Real Estate?
Many people choose to open a Self-Directed IRA Account (SDIRA) in pursuit of greater investment freedom. Instead of being limited to plan investments, assets in a self-directed IRA can be invested in almost any investment the account holder wishes—including real estate, start-up companies, or even gold.
Traditionally, real estate has been one of the go-to investment vehicles when it comes to SDIRA portfolio diversification. Not only is real estate less volatile than the stock market over time, but the security it offers in the form of a tangible, equity asset is unique. If done correctly, investing in real estate should be able to meet the retirement account’s goal of earning good returns in the long term, security of retirement funds, and portfolio diversification to minimize the risk of losses.
I urge you to take action while you can. As always, I'd be happy to answer any questions you may have.
"Liberate Your IRA"
Larry C. Grossman
7143 State Road 54, Ste. 147
New Port Richey, FL 34653
727-286-6239 - Fax
Give us a call and learn more today!