Phil Cannella – Phillip Cannella Blog: Phil Cannella has some strong views on the way a retiree should approach this exposure to risk. We hear all too often that even if the market crashes you have to wait it out long enough and the markets will eventually recover. Phil Cannella says that that theory is workable so long as you are young enough to ride it out that long. If you’re in retirement you might not be, you may be depending on those assets to live out your retirement. And then what do you do?
This is the very core and substance of Phil Cannella’s Crash Proof Retirement System™ which is designed with the very purpose of protecting principal against market crashes. If you are in your retired years you want to enjoy your retirement. You want to be able to sleep well at night knowing that you can never lose a penny of your nest egg and that the funds you have in your retirement accounts will provide you with exactly what you can expect. This is the beauty of Phil Cannella’s Crash Proof Retirement System™ which is designed to protect you against market crashes.
The financial vehicles Phil Cannella uses are designed to do exactly that. They follow the market as the market goes up but they don’t follow the market when it goes down. Why be exposed to unnecessary risk?