FORT LAUDERDALE, FL--(Marketwired - November 10, 2016) - The post-election market volatility has many every day investors sitting on the sidelines contemplating the best ways to salvage their retirement nest egg. According to David J. Scranton, seasoned market analyst and author of the newly released book, "Return on Principle: Seven Core Values to Protect your Money in Good Times and in Bad," now is the to time seriously consider investing the "old fashioned way" and "overprotect" one's money.
Scranton, the founder of Sound Income Strategies, an SEC registered investment advisory firm, and founder of Advisors' Academy, training and marketing organization for financial advisors, says that old-fashioned investing, means investing for income as opposed to quick gains.
"Investing the 'old-fashioned way' is really investing for interest and dividends," said Scranton. "If today someone doesn't need income yet, they can grow their money the old-fashioned way, by the reinvestment of interest and dividends. If someone loses 50 percent of their money, they will need to make 100 percent to regain those funds, hence the need to over protect."
"Years ago when people were approaching retirement, it was common to see people investing for income. But during the 1980s and 1990s people seemed to get away from that and started thinking they could spend their principle and sell some of their stock shares thinking that any principle lost would just grow back the next year. In the 1980s and 1990s that approach may have worked. But since the year 2000, the stock market hasn't cooperated in the same way," he continued.
Scranton went on to predict that a market correction is imminent based on his research into historical market cycles and those within 10 years of retirement age need to evaluate their strategies to ensure a retirement.
Return on Principle outlines these seven core values:
Principle 1 Financial Overprotection: There is a way to look at your investments that is completely different than what you were probably taught. Especially if you were beginning to invest in the 1980s, this chapter teaches you to look at your total stock market exposure when near or in retirement.
Principle 2 Financial Detail Orientation: The devil's in the details; therefore the most successful investors are detailed oriented people. Learn which details are important to focus on when protecting your portfolio.
Principle 3 Financial Diligence: Let's face it, investing takes work. Do you or your advisor have what it takes to stick to it? When you love what you do, diligence doesn't even seem like work.
Principle 4 Financial Coachability: In today's changing financial world, one needs to be flexible and adaptable. Learn the best ways to develop a coachable attitude to secure your financial future.
Principle 5 Financial Leadership: A good leader knows when to follow the rules and when to break the rules to obtain maximum results.
Principle 6 Financial Honesty: You simply cannot achieve optimum results unless you as an investor or a financial advisor are willing to be brutally honest with yourself about your strengths and limitations.
Principle 7 Financial Fearlessness: Learn a style of investing that can help you truly become financially fearless. Learn strategies that will make that happen for you.
About David Scranton
David Scranton is the founder of New York-based Sound Income Strategies. He's gained a level of notoriety over the years as an advisor who is proactive of his clients' assets and for 30 years, he's specialized in income-generating savings and investment strategies. As a recognized market expert, Dave frequently shares his insights on CNBC, Bloomberg, FOX Business, and his has his own Sunday morning TV show, The Income Generation, on Newsmax Channel. With offices in New York and Florida, Scranton and Sound Income Strategies serves clients nationwide, specializing in helping those born before 1966 and those who are retired or near retirement.
Return on Principle is Scranton's second book.
Sound Income Strategies, LLC is a SEC registered investment advisory firm