ANECDOTES ON AN EARTHQUAKE

October 19, 2006
By seadmin

I want to relate to you all a little story I heard involving the recent earthquake in Hawaii. A friend of mine told me about a gentleman he knew who recently had retired and moved to Hawaii, after buying his dream home there. This man was in very good shape financially, having invested wisely most of his life and making all of the arrangements necessary to live in style in the tropical paradise.

Well, all of this man’s assumptions and plans for a luxury retirement were challenged this week, as the earthquake that hit the islands a few days ago inflicted some serious damage to the man’s dream home. Thinking that he was fully insured against such an event, the man’s initial reaction was one of resilience and calm. However, that calm evaporated in an instant when he discovered that the insurance policy he thought would cover his home’s damage was in fact not the right kind of insurance against earthquakes.

I bring up this cautionary tale for two reasons. First, you should always know exactly what you are getting into when it comes to anything involving an insurance policy, contract, business arrangement, et cetera. Make the effort to determine for certain exactly what the terms are of any agreement you sign. It might take a little extra time, and it might even be a bit of a hassle, but in the long run I guarantee you it will be worth it.

Second, you have to think about buying insurance for any kind of financial eventuality, and I include a falling stock market as one of the things you can insure yourself against. How can you safeguard against market drops? Well, by subscribing to my Successful Investing newsletter.

With Successful Investing, you get the benefit of three decades of market-beating returns, in the form of a plan that protects you against earthquakes in the stock market that are capable of inflicting structural damage to your wealth.

I always tell people that the biggest surge in the popularity of Successful Investing came right after the 1987 market crash. Why? Well, because days before Black Monday we told our subscribers to exit the market. That call, perhaps our best ever, helped thousands of investors sidestep a brutal correction.

Having this kind of plan in place, a plan that tells you when to be in and when to be out of the market, is a virtual insurance policy against a devastating, wealth-crippling event like a serious bear market. If you want some financial earthquake insurance, be smart and get that policy now — before the earthquake actually hits!

Click here to find out how to get your very own portfolio insurance.

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