Taking a look at Wealth E&P’s Risk Quiz and Retirement Mapping Tool
May 10, 2021
Welcome to Wealth Enhancement & Preservation’s Market Minute, where we get to update you on everything that happened in the markets this past week.
Last week was an interesting week in the market, in that the three indices went in very different directions.
The DOW was up about 2% for the week, the S&P was up about 1%, while the NASDAQ was down about 1% for the week. Our All-Weather strategy was aggressive again, and it was up about 2%. We're going to keep the gas pedal to the metal as long as we can and enjoy the ride.
I want to share with you this week about our risk modeling called Riskalyze. If you go to the Wealth E&P website, you can select the “Chart Your Course” button to get your risk number.
From there, we'll take you to this 5-minute little quiz and give you a risk number from 1 to 100. We or you could easily pull in your existing portfolio and compare where that number matches up to your risk profile.
Finally, one of my favorite things we can do is create a retirement map from there:
We can look at your current projections, look at your goals, and let you know what your retirement projection looks like. I love how the software only goes from a 5% up to a 95% chance of success, because we all know that when there is a 100% chance of rain, it is not always raining outside.
Same with your retirement goals, just go on to the website, give us a call, and let us know how we can help. We’ll look forward to catching up. Enjoy this week!
If you have any questions for us about the financial markets, please feel free to reach out. Otherwise, stay tuned for our next Market Minute next week!
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