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>>> WELCOME BACK TO GREAT DAY WASHINGTON . THE FOLLOWING
SEGMENT IS SPONSORED BY WEALTH
MANAGEMENT.
MANAGEMENT. ACCORDING TO FIDELITY
INVESTMENTS, WOMEN ARE SUPERIOR
INVESTORS.
INVESTORS. AFTER REVIEWING OVER 8 MILLION
ACCOUNTS, THE FINANCIAL COMPANY
FOUND THAT WOMEN SAVE MORE THAN
MEN AND IN HIGH RETURN ON THEIR
FUNDS.
FUNDS.
FUNDS. PATIENTS WAS ONE FACTOR THAT
WAS FOUND TO ACCOUNT FOR SOME
OF THESE. TO GET HIS TAKE AND
ADVISE, CUT WITH AUTHOR,
SPEAKER AND ADVISOR WINTER
TROXEL.
TROXEL.
TROXEL. WINTER, GOOD MORNING.
IT'S GOOD TO SEE YOU.
>> GOOD MORNING, GOOD TO BE HERE
.
.
. >>
. >> ARE
. >> ARE WOMEN REALLY BETTER
INVESTORS?
INVESTORS? >> I DO NOT KNOW IF I CAN PICK
A SIDE BUT THERE ARE SOME
CHARACTERISTICS I HAVE SEEN
OVER THE YEARS THEY MAKE FOR
BETTER INVESTORS, PATIENTS AND
THE ABILITY TO REMAIN CALM.
WHAT IS FUNNY IS THOSE WHO DO
NOT PAY AS MUCH OF ATTENTION
HAVE BETTER RETURNS ALMOST
BECAUSE THEY ARE INSULATING
THEMSELVES FROM IMPULSIVE
EMOTIONAL DECISIONS.
EMOTIONAL DECISIONS. A LOT OF TIMES PEOPLE CAN SIT
BACK AND BE SECURE AND HAVE
CONFIDENCE IN THEIR SITUATION
OFTEN HAVE BETTER RETURNS.
>> HOW SHOULD INVESTORS HANDLE
VOLATILITY?
VOLATILITY? WHAT IS YOUR ADVICE?
THE BIG THING IS TO NOT MAKE
ALL IN DECISIONS.
EVERY NOW AND THEN I GET A
CLIENT THAT WILL CALL AND THEY
WILL THINK WINTER, I THINK I
SHOULD TAKE A LARGE MONEY AND
GO TO CASH BECAUSE I THINK THE
MARKET WILL BE GOING DOWN THE
NEXT FEW MONTHS.
I LOSE MY BREATH FOR A SECOND
BECAUSE I THINK ABOUT THIS
BURDEN OF MAYBE THEY WILL BE
RIGHT BUT WHAT IF THEY ARE NOT?
WHAT IF THE MARKET GOES DOWN IN
THE NEXT COUPLE MONTHS, WHAT IF
IT TAKES SIX MONTHS FOR THE
MARKET TO GO DOWN AND THE
PERSON IN CASH MISSES ON THE
GROWTH?
GROWTH?
GROWTH? ONCE THEY ARE IN CASH, IF THE
MARKET GOES DOWN, WHO'S TO SAY
IT WILL, HOW WOULD WE KNOW WHEN
TO GET BACK IN?
IT'S REALLY TOUGH.
IF YOU WANT TO YOU LOSE SLEEP
AT NIGHT, MAYBE THINK ABOUT
MAKING A BIG CASH MOVE TRYING
TO TIME THE MARGIN.
IT'S IMPOSSIBLE.
IT'S IMPOSSIBLE. I THINK IT'S IMPORTANT TO SIT
BACK AND REALLY KNOW HOW YOU
SHOULD BE INVESTED AND LOOK THE
OTHER WAY DURING VOLATILE TIMES
IF YOU CAN.
>> FOR THOSE NEARING
RETIREMENT, WHAT DECISIONS CAN
BE MADE TO AVOID THE DECISIONS?
>> I LIKE THE IDEA OF TAKING A
BIG BREATH AND HAVING AN
UNDERSTANDING OF THE RISK THAT
YOU SHOULD BE TAKING BASED ON
YOUR EMOTIONAL POSITION.
IN A LOT OF WAYS, THE EXPANSION
OVER THE LAST DECADE HAS LISTED
PEOPLE'S TOLERANCE FOR WHAT
THEY HAVE.
THEY HAVE. WHEN THE MARKET IS GOOD FOR 10
YEARS IN A ROW, YOU FEEL LIKE
YOU CAN BE INVESTED IN THE
MARKET HEAVILY AND NOT WORRY
BUT WHEN MARKET LOSSES START
HAPPENING, YOU COULD FREAK OUT.
DURING UNCERTAIN TIMES, IT IS
GOOD TO TAKE A DEEP BREATH AND
THINK ABOUT HOW MUCH MONEY
COULD YOU EMOTIONALLY LOOSE
FROM WHAT YOU HAVE NOW?
THINK ABOUT THIS IN DOLLARS AND
NOT PERCENTAGES. HOW MUCH COULD
YOU AFFORD TO LOSE AND HOW MUCH
EMOTIONALLY ARE YOU READY TO
LOSE?
LOSE?
LOSE? REVIEW YOUR RISK AND CREATE AN
APPROPRIATE ALLOCATION FOR YOU
THAT YOU KNOW THAT EVEN IF THE
WORST OF THINGS HAPPEN, YOU ARE
FINE BECAUSE YOU CAN
EMOTIONALLY HANDLE SOME
VOLATILITY.
VOLATILITY. YOU DON'T HAVE TO WORRY ABOUT
IT AND IF THE MARKET MAKES BIG
SWINGS, IT MAKES BALANCE.
RESET YOUR POSITION THE WAY IT
FITS YOUR RISK TOLERANCE AND
MOVE FORWARD.
MOVE FORWARD. DO NOT WORRY ABOUT IT.
HOPEFULLY YOU CAN ENJOY THINGS
MORE RATHER THAN GOING ON THIS
MARKET.
MARKET.
MARKET. >> I LIKE THIS AND I THINK
TAKING A DEEP BREATH DURING
THIS TIME IS GOOD ADVICE.
WINTER, THANK YOU FOR BEING
HERE WITH US THIS MORNING.
ALWAYS GREAT, WE WILL SEE YOU
NEXT WEEK.
NEXT WEEK. >> SOUNDS GREAT, THANK YOU.
>> THAT IS ABOUT 5-7 YEARS OR
LESS OF RETIREMENT, WINTER HAS
A SPECIAL OFFER FOR YOU.
HE'S GIVING AWAY A
COMPLEMENTARY READINESS REVIEW
TO THE FIRST 20 COLORS.
THAT NUMBER IS 301-850-0683 .
GET YOUR PENCIL OUT BECAUSE I
WILL GIVE IT TO YOU AGAIN.
THE FIRST 20 PEOPLE TO CALL
RIGHT NOW WILL GET
COMPLEMENTARY RETIREMENT
COMPLEMENTARY RETIREMENT READINESS REVIEW.
READINESS REVIEW. THE NUMBER ONE MORE TIME TO
CALL IS 301-850-0683 . YOU