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rapidfire


Avoid Losses Retirement Living


I


t is easier to avoid a big loss than it is to recover from one, so success- ful investing is as much about steering clear of bad investments as it is about finding good ones. Here are some com- mon-sense rules to avoid trouble. Be skeptical. Ask yourself, “Why am I being offered such a great opportunity?” Would a real investment genius advertise on late-night TV or share his money-mak- ing secrets with you for the price of a book? Do not be rushed into a commitment.


There is a reason why auto sales events only last for a few days. Yet they always seem to be followed by another once-in-a- lifetime promotion. Investment opportu- nities are like streetcars. If you miss one, another will come by in a few minutes.


Get a reality check. Do not take invest- ment opportunities at face value. Good salespeople only pitch the benefits, not the fees or the risks. When making a sig- nificant investment, seek a second opinion from an objective expert. Do not invest in anything you don’t


understand. Investing requires more common sense than rocket-science calcu- lations. If a representative can’t explain it to your satisfaction, then you should pass it up. Chances are he or she might not completely understand it either. Diversify. The old adage “Don’t put all


of your eggs in one basket” is classic ad- vice that requires no further explanation. — Capt. Kent M. Grealish, USNR-Ret., CFP,® AIF®


Family Matters


Discover helpful re- sources for military spouses and children.


Today, more than 5,000 families are caring for severely wounded veterans. A family caregiver might spend lots of time at a hospital, often losing employment, spending savings, and foregoing personal dreams. When families make the transition home,


many feel overwhelmed and forgotten. The Quality of Life


Foundation (QoLF) is a nonprofit organiza- tion that addresses these families’ quality- of-life needs, such as home modifications, children’s services, and peer support. On the battlefield,


the motto is “leave no man behind.” At home, QoLF ensures no family is left behind as they care for their veteran.


*online: Find out more about the Quality of Life Foundation at www.qolfoundation.org. 28 MILITARY OFFICER FEBRUARY 2012


IMAGES: LEFT, VIVIANA GAROFOLI; ABOVE, COURTESY QUALITY OF LIFE FOUNDATION/TRISH HAMILTON


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