• David H. Kinder, ChFC

Financial Amnesia: Do you want "bragging rights"? Or do you want real retirement wealth?

Allow me to share with you some observations I've noticed in recent years:

  • "My investment advisor got me 22% last year."

  • "The market lost my gains last year, but my advisor is working to make that all back up."

  • "Since 2009, we've had record growth in the market."

So here's what *I* notice:

  • Gains are credited to the advisor's brilliance.

  • Yet the advisor doesn't (can't) take the blame for the market's losses.

  • Investors (and new advisors) seem to forget 2008... and begin looking at results from 2009 and forward so they have a better bragging story.

There's an element of financial amnesia at work here - a desire to only focus on the good things and ignore the bad that happened to you. Why? Well, you're not the only one, and everyone wants to share in the negative story with everyone else, right?

Let's look at the bragging rights story first.

  • If you had $100,000 invested... and the market went down -30%... how much do you have left? $70,000.

  • If your account went back up 30% from that $70,000... how much do you have now? $91,000 (a gain of $21,000 is 30% increase from $70,000).

How much of a gain would you need to get back to where you were? 43%

Study this graph from Crestmont Research. It illustrates the actual exponential returns you would need to get following a loss to get back to even.

Is that particular kind of "bragging rights" really that good now, if we actually look at the numbers?

In my opinion, REAL wealth building isn't about "bragging rights" - at least in regards to rate of return.

It's about a guaranteed outcome that you cannot get anywhere else.

If I could help you to increase the efficiency of your retirement income plan by a factor of FIVE... help you to spend 2-3 times as much income in retirement... without stock market risks... and all it really would cost you would be your old "bragging rights" story... would that be a conversation worth having?


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David H. Kinder, ChFC® is regulated by the California Department of Insurance as a life, accident & health insurance agent (CA Insurance License #0E54187)​.  This communication is strictly intended for individuals residing in the state(s) of CA. No offers may be made or accepted from any resident outside the specific states referenced until proper state insurance licensing and company appointments are secured for that given state. David Kinder Insurance and Financial Solutions is the marketing name for David H. Kinder, ChFC® and is not affiliated with any other company.  Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing company. Guarantees do not apply to the performance of any particular index option on fixed indexed insurance contracts, or on projected dividends on participating insurance contracts.  Not all recommendations necessarily require insurance product purchases. Not all products are appropriate or available for all situations. Results are not guaranteed and are subject to individual situations and circumstances. Listing company client access links under the "Client Access" menu does not constitute any endorsement, filing, or approval of this website or its content by such listed companies.  Client access links are provided for client convenience only.

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The material discussed on this web site is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice, nor does it represent any specific company or specific products.  David H. Kinder, ChFC® is not registered nor licensed as a Registered Investment Advisory Firm (RIA), Investment Advisor Representative (IAR), nor as a Registered Representative (RR) with any broker/dealer firm, and is therefore not registered with, or supervised by, the U.S. Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), or any state securities regulatory office.  As such, David H. Kinder, ChFC® does not provide investment advice, specifically: buying, selling, holding, risk analysis, or any other analysis of securities, nor the asset allocation of securities portfolios. For specific investment advice on your securities investment portfolio, please contact a licensed and registered investment professional in your state.

He does offer general investment information for educational purposes and may propose alternative financial strategies that do not contain or include securities. He does also discuss the pros and cons of various kinds of accounts (such as IRS Regulated Retirement Plans) and is considered incidental advice surrounding various strategies and solutions, but does not necessarily constitute advice on the underlying securities.  

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