Doug Fabians Etf Strategies

What's Your Next Action Step? When it comes to achieving economic freedom, often your next action step is the most critical. In fact, it's a sad reality that most Americans will never achieve economic freedom, and the main reason why is a failure to take the necessary next steps. In this week's leadoff segment, I offer you a few key results-oriented steps to help you move toward your long-term financial goals. Plus, why the stock market is simply a tool, not an end in itself. Liquid vs. Illiquid Assets When it comes to assets, there are generally two kinds: liquid and illiquid. Liquid assets can be turned into cash in a day or two while illiquid assets are a whole lot more difficult to turn into cash. In today's second segment, I offer some thoughts on how to think about when to sell illiquid assets… and when to hang on to them. Plus, three real-world examples that may apply to you. Investing Strategies for 70-Somethings, Part I You've made it to your 70s, and this is perhaps the most critical decade to get y