LAS VEGAS, NV, August 05, 2014 /24-7PressRelease/
-- A recent survey of retiring baby boomers conducted by TD Ameritrade, revealed how little retiring baby boomers know about stock market investing.
The Survey revealed how the next stock market correction could leave baby boomers destitute and eating cat food way into their retirement years leaving them and their families with nothing.
"According to Boomers and Retirement, a new survey by TD Ameritrade, the average baby Boomer is about a half-million dollars short on retirement savings. And 74% of retiring Baby Boomers in the survey say they will have to rely heavily on Social Security in retirement".
Thembi Buthelezi of http://www.stockmarketforbeginnersschool.com
reveals the 5 secrets that Wall Street doesn't want retiring baby boomers to know to protect their retirement income.
Buthelezi says that "Wall Street, wants boomers to believe that the stock market will continue to make new highs, so they encourage them to keep investing their hard earned money while they rack in the commissions and management fees".
1. Since 1994, the U.S stock market has had a 5 year boom and 2 year bust cycle. If history repeats itself, 2014 might be the year that the 2 year bust cycle repeats.
2. Wall Street makes its money by charging its clients portfolio management fees. They make understanding the stock market seem difficult so boomers can feel intimidated by the terminology and charts. Buthelezi says that "retiring baby boomers can have the same access, information and education that Wall Street traders do, so they can be in charge of their financial future instead of only relying on their brokers and financial advisers".
3. If 2014 proves to be a year that the bust cycle starts, boomers don't have to sit by the sidelines and watch their portfolios dismantled like in 2008. Boomers can utilize the short selling strategies that Wall Street uses to make money while the stock marketing is falling.
4. Retiring baby boomers can supplement their Social security income by learning how to trade individual stocks instead of relying on mutual funds.
5. Don't buy stocks towards the end of a 5 year bullish cycle. As soon as the U.S stock market starts showing signs of weakness in 2014, reevaluate your stock portfolio.
Thembi Buthelezi is the Author of "A Beginners Guide To Investing: How to Make Money in Stocks in 3 Easy Steps" and has been successfully trading the stock market, the currency market and has been an investing mentor to beginner stock market investors for 13 years. To register for the upcoming beginners guide to stock market investing workshop, visit Stock Market For Beginners School
to get the details.