“We’re here to educate you,” said Cannella. “My mission, as a consumer advocate, is to provide investors with the information necessary to protect their nest eggs in preparation for the retirement phase of life.”
Cannella showed slides and figures that demonstrated previous bubbles in the stock market that were each followed, without fail, by market corrections or crashes. After sharing the numbers and data, Cannella asked, “Who’s concerned about another market crash? More importantly, who’s prepared for it?”
Morris, who can be heard weekdays at 3pm on Talk Radio 1210-AM, WPHT in Philadelphia, frequently discusses a significant and ominous stock market trend going on. In the last eighteen months, many of the country’s largest investment banks have been selling off their holdings to the tune of 50 billion dollars. At the same time, the individual investor has increased his holdings by 60 billion dollars.
“These large institutional investors were very worried that they had these big stock ownerships with no individual investor to take it off their hands,” Morris explained to the captivated crowd. “They needed the suckers to come in.”
The total of new individual investors in the last eighteen months has increased tenfold compared to the previous twelve months.
Morris wasn’t the only expert to share his own unique insight on the fate of the financial sector. Attendees were exposed to many groundbreaking interviews conducted by Phil Cannella that featured powerful industry leaders, esteemed economists, and top Government officials sharing their inside views on the state of the economy and what it means for the everyday investor.
Cannella introduced the audience to the Crash Proof Retirement™ System, a retirement strategy distinguished by investment vehicles that are resistant to market declines.
“These vehicles come from the insurance industry—and insurance companies never go bankrupt,” said Cannella. “Your money is protected—guaranteed. Even in a down market, you will never lose one penny of your principal. Zero becomes your hero.”
The overall message of the educational event was to follow the most important rule to stock market investing: buy low and sell high. After sharing some of his own personal anecdotes, Morris concluded by saying, “It’s very important to listen to what Phil’s been saying.”
About Phil Cannella:
Phil Cannella is the creator of The Crash Proof Retirement Show®, airing Saturdays at 11am on Talk Radio 1210-AM, WPHT. As a consumer advocate, he specializes in financial education for today’s retiring generation. Phil Cannella is also the creator of the Crash Proof Retirement™ System, a safe alternative investment strategy used exclusively by First Senior Financial Group (FSFG), a financial education firm he founded over 39 years ago. In 2012, Phil Cannella stepped down as CEO of FSFG and relinquished that title to fellow consumer advocate, Joann Small, to pursue his new venture, Retirement Media Inc (RMI). Although he remains as a principal and visionary of FSFG, Phil Cannella utilizes his new media company to not only report on the pitfalls within the financial sector, but reveal the proven remedies to overcome them, in an effort to prevent another market crash from ruining the retirement of millions overnight.