Daily Gains Letter

Wealth Creation

Few people start thinking about saving for retirement when they’re just starting out in the workforce. But that might be the best place to begin. The earlier in life you start saving and investing, the better prepared you’ll be.

Retirement planning isn’t just about tucking money away for your golden years. It’s about replacing your main source of income once you retire, with another source of income.

Right now, almost 60% of middle-class retirees expect to run out of money if they maintain their pre-retirement lifestyle and don’t cut spending by at least 24%. The majority of Baby Boomers view retirement as a crisis—but only a small minority know how much money they’ll need for retirement.

A long-term approach to retirement investing produces income, wealth creation, and capital growth. As it stands, retirement savings comes from three different sources: social security; pension; and investments.

And some Americans will need to find investments with strong returns and wealth creation. A large number of Americans can look forward to spending 20 years, or more than 25% of their life, in retirement. At the same time, almost half of the population lives longer than the average life expectancy; and will need to have retirement savings that last a lot longer.

For nearly 100 years, U.S. inflation has increased approximately 3.21% a year. At that rate, prices double every 22 years. If you enter the workforce at age 20, you are likely to see prices double twice by the time you reach 65. As a result of compounding, that means an item you bought at 20 will be four times as expensive by the time you retire.

If you live longer than the average American, chances are you could see prices double again during your golden years. That’s why it’s important to remember that investing does not stop at retirement.

A lot of people do not have pensions to look forward to and, at just $1,200 a month, social security isn’t much to live on. That’s why a sound, diversified, investment strategy that encompasses stocks, bonds, mutual funds, real estate, etc., is essential for ensuring you are more than prepared for retirement.

No matter what your tolerance for risk is or your financial acumen, there is a wealth creation strategy out there to meet your needs.


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We are seeing significant profits emerge in the oil patch, as the price of West Texas Intermediate (WTI) is holding above $100.00 per barrel.

The presence of the higher oil prices is driving energy companies, from the drillers to producers, both upstream and downstream, to report strong results.

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