I am starting a new thing this week and I am calling it “Dean Vagnozzi’s Scam Alert”. In this blog, I will be highlighting investment opportunities that I feel are not worth your while, especially in the economic environment that we are in now. If you have taken the time to read some of my blogs or posts in the past, 1) I thank you. And 2) You know how strongly I am against the 401(k) and IRA. Let me rephrase that … I feel there are MUCH MORE lucrative and safer ways to invest your money than those two well-known investment vehicles.
As the weeks wind down and world is slowly opening up, I have decided to address the most searched terms when it comes to working with my firm, A Better Financial Plan.
One of them, although it makes me cringe to even type, is “Dean Vagnozzi Criminal Record.” But I guess that’s par for the course when you advertise extensively, have thousands of positive reviews and are as outspoken as I am. I know that potential clients will inevitably wonder, “what’s the catch?”
Most people believe that a healthy retirement portfolio starts with a 401(k). This retirement strategy is typically the first investment tool that is discussed up when you meet with any traditional financial brokerage firm, such as Edward Jones, or Morgan Stanley. When people meet with me or any of my staff at A Better Financial Plan, they often go into details on how large their 401(k) is, or how they have an IRA that is about to expire.
And boy, if I had a penny for every time I have to completely blast why a 401(k) is the worst possible investment vehicle and why you should reinvest it immediately, I would have a Dean Vagnozzi lawsuit on my hands. The truth is, the 401(k) really does not work for the modern investor, especially during a time when the stock market and the economy is in such turmoil.
Is Dean Vagnozzi Registered? Here is another one of the top 20 commonly searched internet phrases or questions that people look up before they decide to meet with us. I have decided to address them all head on.
So, here is the question again… “is Dean Vagnozzi registered?” And by this, I mean, “am I a Registered Representative (a fiduciary)”, which would allow me to sell securities like stocks, bonds, mutual funds and a 401(k). The answer is no, I am not registered…and that is by design.
With $250 million under management for more than 1,000 investors nationwide, A Better Financial Plan meets one-on-one with more clients in a weekthan many financial planners see in a year. Even with the current laws for social distancing due to the COVID-19 pandemic, their phones have not stopped ringing. While the one-on-one meetings have paused, they have been able to continue to serve new and current clients virtually in a seamless transition.
For the past sixteen years, A Better Financial Plan has offered creative alternative investment strategies not tied to the stock market.Each investment is thoughtfully created to bring you increased wealth, with lower volatility.ABFP offers five different asset classes in five different industries that offer a much lower risk than investing in Wall Street. Especially in today’s extremely volatile financial, political, and social climate.
On this Cinco de Mayo, while we may not be sipping margaritas at a Mexican restaurant or enjoying “Taco Tuesday” at our favorite local pub, we can make ourselves a mean margarita at home. Just look to Google for a recipe and you will find dozens, if not hundreds of wonderful recipes for the “perfect” margarita. A pinch of this, a splash of that, a little of this… and voila’… a delicious margarita.
While I may not be an expert on making a perfect margarita (although, I will provide an excellent recipe later in this blog), and this isn’t a Dean Vagnozzi article about Cinco de May,I can offer my expertise on the “perfect” retirement.
With the news being updated minute by minute in newspapers such as the Philadelphia Inquirer, our local television news stations discussing the COVID 19 Pandemic almost 24-7, and social media outlets littered with everyone’s warnings, arguments, and opinions, it’s completely reasonable for you to feel anxious, scared, and uncertain. About your health. And your wealth.
During this time of extraordinary uncertainty due to the COVID-19 pandemic, which has triggered major ups and downs of the stock market, it is more important than ever to think logically, not emotionally. For so many reasons. Especially when it comes to your finances.