Phil Cannella has done an exhaustive study of the financial history of the United States, and has reviewed the causes behind the various stock market crashes that have plagued Wall Street for the last 100 years. He has examined the market peaks and the crashes and has looked for common denominators that help explain the market’s volatility and unpredictability. Through his research Phil Cannella has unearthed some interesting facts about the well-known stock market crash of 1929 that brought about The Great Depression.
Phil Cannella very wisely points out:
“In 1929, American investors suffered the worst financial crisis in history, bearing witness to a mass economic collapse that decimated their savings. The effects of the crash were cruel and long-lasting. As American economist Richard M. Salsman described the collapse, ‘Anyone who bought stocks in mid-1929 and held onto them saw most of his adult life pass by before getting back to even.”
This explanation is at the very core of why Phil Cannella designed his proprietary Crash Proof Retirement System. He did not want his clients to have the risk and unpredictability that comes with market volatility. He wanted his Crash Proof Consumers to sleep well at night and feel safe and secure that they could enjoy their retirement with the feeling of empowerment and the ability to be in control of their retirement destiny rather than have it in the hands of fate.
Phil Cannella often asks if anyone in their retired years should be in risk investments at all, considering they may not live long enough to see their wealth recover in the event of a market crash. And so it is that Phil Cannella urges Americans to look into financial vehicles that provide shelter from market risk. He urges consumers to attend one of his exclusive Crash Proof Retirement Educational Events where he sheds light on the elements that make up the exclusive Crash Proof Retirement System. Phil Cannella offers a safe alternative to the risk and volatility of securities, with the proprietary Crash Proof Retirement System which provides retirees with real peace of mind.