Stephen Ng discusses the importance of diversification and risk management in retirement planning.
Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-stephen-ng-clu-chfc-cep-founder-of-stephen-ng-financial-group-discussing-how-to-grow-protect-retirement-wealth/
Diversification is a key strategy for building a secure financial future, especially in uncertain economic times. In a recent podcast, financial advisor; Stephen discussed the importance of diversification and how it can help clients weather financial storms and achieve their retirement goals.
Stephen outlined six major financial storms that investors need to be aware of, including government overspending, deficits, inflation, healthcare costs, and increasing taxes. These storms can have a significant impact on an individual’s financial well-being, making it crucial to have a diversified investment portfolio.
He emphasized the importance of using a combination of mutual funds, ETFs, real estate, gold, silver, commodities, annuities, and life insurance to grow, protect, and leverage wealth. By diversifying across different asset classes, investors can reduce risk and increase the likelihood of achieving their financial goals.
One of the key benefits of diversification is that it helps protect against market volatility and economic uncertainty. By spreading investments across a range of assets, investors can minimize the impact of any one asset performing poorly. This can help provide a more stable and secure financial future, even in turbulent times.
In addition to diversification, Stephen also highlighted the importance of working with an experienced financial advisor. Advisors like him bring decades of experience and a wealth of knowledge to the table, helping clients navigate the complexities of the financial markets and make informed decisions about their investments.
Stephen shared: “We help clients to grow, protect, and leverage their wealth.”
About Stephen Ng
Stephen Ng, whom you may have seen in NBC, Forbes, Wall Street Journal, U.S. News and World Report, New York Daily News, and others. He has also been interviewed by Fox TV and Christian Television Network. Stephen is the Author of “10 Financial Mistakes You Should Avoid” which has been a wonderful resource for many of his clients. All of the proceeds from the book sales go to benefit World Vision International. Stephen is also the Founder and President of Stephen Ng Financial Group.
Stephen is married, has 3 children and resides in New Jersey and Florida. Stephen is a warm and passionate communicator who loves to share his financial wisdom and insights. He served as a Deacon at Trust In God Baptist Church in New York City and was the Chairman of the Board from 2008 to 2016. Currently, he serves as a trustee for Doxa Church in New York City. Stephen attends Bell Shoals Church, in Brandon, Florida. He loves to travel and frequently speaks internationally during mission trips with his church.
Learn More: https://www.stephenngfg.com/
The views expressed are not necessarily the opinion of Stephen NG, and should not be construed directly or indirectly, as an offer to buy or sell any securities or services mentioned herein. Investing is subject to risks including loss of principal invested. Past performance is not a guarantee of future results. No strategy can assure a profit nor protect against loss. Please note that individual situations can vary. Therefore, the information should only be relied upon when coordinated with individual professional advice.
Securities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth.