Financial Planner Pens New Book

The economy has been on the road to recovery for a while now, so how is your investment portfolio doing? If you aren't confident it will do a good job of preserving and sustaining the wealth you have built up over the years, it is time to make a change.

In his new book, The Four Horsemen of the Investor's Apocalypse: The four evils that will crush your portfolio, and how to fight them, Robert Klosterman, a certified financial planner and founder of White Oaks Wealth Advisors, Inc., sheds some light on the problems investors face. "There are all kinds of big threats out there, but the one that people probably don't recognize easily is 'group think' or 'the sea of sameness,'" he said.

"It seems that the investment advisory industry is all but moving in the same direction with the same ideas, etc. What investors may not realize is that when they are all doing the same thing they are all impacted by the same events. Case in point, the financial collapse of 2008 where investors lost trillions of dollars."

The "sea-of-sameness" isn't the only problem Klosterman warns about in the book. He also discusses the threat caused by inflation and explains how to beat it. "You need to invest in vehicles and ideas that are going to rise when inflation is rising," he said. "Fixed income vehicles like bonds and CDs aren't going to perform to your expectations when the economy is battling inflation."

Another horseman covered in the book is volatility, which is when the market makes a rapid swing, as it did during The Great Recession of 2008. Horseman number four is global displacements and transformations. You can bet the unrest in certain parts of the world right now is impacting a lot of portfolios on a day-to-day basis.

"When I started to write this book my goal was to bring something to the table that could be useful as far as portfolio management goes. I think these things have been around for some time, but articulating them in this fashion, I think, is unique," said Klosterman.

For more information about The Four Horsemen of the Investor's Apocalypse, or investing in general, visit the "resources" tab on the author's website, www.whiteoakswealth.com. The Four Horsemen of the Investor's Apocalypse: The four evils that will crush your portfolio is available for purchase online at www.amazon.com.

To post a comment, you must register and login.