Is thinking about and dealing with your family’s financial situation making you physically or emotionally ill? If yes, you can achieve relief. Today’s financial condition takes a look at the discomfort you may feel while managing your investments in today’s financial environment.
Condition: “Asset Reflux”
Essentials of Diagnosis: “Asset Reflux” may include the following symptoms:
Heartburn – when thinking about your assets
Gag reflex – upon review of investment and retirement statements
Heart palpitations – before, during and after reviewing market conditions
Difficulty swallowing – when reviewing business news
General Considerations: “Asset Reflux” financial “dis-ease” possibly affects up to half of all investing adults. Of those, most report at least weekly episodes, and up to 20 percent complain of daily symptoms. The effects are incurred both mentally and physically regarding: market volatility; investment options; existing (and non-existent) retirement plans; and the need to make clear decisions about when, where and how to properly invest your hard earned money. Depending on the investors underlying issues, a relapse of symptoms can become chronic if left untreated.
Complications: “Asset Reflux” may develop quickly, as well as gradually over time. These complications include: Excessive risk in your portfolio, the chasing of returns, increased stress, and erratic or poor investment decision-making. Additionally, certain serious environmental factors known as “FinancaiLife Changes” may contribute to your “Asset Reflux.” These factors are upcoming or recent life changes including marriage, divorce, a new baby, retirement, death of a loved one, inheritance, financial settlement, career changes, or health-related issues.
Treatment: Most patients with “Asset Reflux” can be effectively treated with almost complete symptom resolution. Your goal of treatment is to have excellent relief of all symptoms associated with your “Asset Reflux” as well as encouraging your healing. Healing is brought by having awareness and taking actions in the areas of:
• Risk awareness and risk reduction strategies
• Proper asset allocation strategies
• Time horizon planning
• Retirement planning
• Sound, non-emotional, investment strategies
• Planning for, or reacting to, life-changing events
• Reduction of the noise of investment advice (TV, newspaper, neighbors, radio, etc.)
• Financial understanding and education
Prognosis: With excellent options for treatment available, prognosis for a full recovery of “Asset Reflux” is achievable. For some sufferers, the treatment may be self-administered. Yet, for a majority of “Asset Reflux” sufferers, seeking the advise of a professional may be required to reduce the symptoms of this widely-felt “dis-ease.”
Dr. Newman is a licensed financial adviser serving Santa Clarita. He can help you transition through major life-changing events and “ diagnose” and treat financial-related “dis-eases.” Contact Rick today if you have any questions or would like a no-obligation review at 661-310-0322 or rick@financial-change.com. For more information, go to www.Financial-Change.com .
