Obama Impact on Your Money, Part II

On Tuesday, Sept. 15, we conducted the second installment of our teleconference on "The Obama Impact on Your Money." Judging by the slew of emails I received, the event was a resounding success. I want to thank everyone who joined us on the call. I know many of you have been interested in the material from this presentation, so if you missed it, all you have to do is click here.

Five Action Steps 

For those of you unable to join us, I shared five action steps that I believe are important to implement now if you want to improve your financial results:

1. Circle the wagons around your liquid assets. You must prepare yourself for another deflationary collapse in stock prices. In order to do so, you must complete an inventory and assessment of your current invested positions.

2. Review the number of service providers you are working with. Sometimes investors end up with too many investment providers. This makes money management more difficult than it should be.

3. List all of your stocks, bonds and mutual funds. The purpose of this action item is to determine how much exposure you have to risky assets. You want to know the percentage invested in stocks, bonds and cash, because having the right asset allocation is a key to prevailing during volatile times. In addition, you want to know how your stocks and bonds did last year, because you want to have stop losses on risky assets that may go down again.

4. Know your safe harbors. Money markets, Treasury bills and notes are safe investments during deflationary times.

5. Prepare for a U.S. Dollar crisis. Review the information in this latest presentation on ETFs that you can use if the dollar continues its downward spiral.

So, what’s the next step? Put your knowledge to use!

Knowledge without action is powerless.

Now, you need to put to work what you’ve learned to take care of your money, and the first step toward putting that knowledge into action is to make sure you listen to part II of my teleconference series by clicking here.

NOTE: Fabian Wealth Strategies is an SEC registered investment adviser, and is not affiliated with Eagle Publishing.