The massive trading loss, sustained by the J.P. Morgan firm, remains one of the most significant and most talked-about financial news stories of 2012. Seeing such a storied company, long regarded for its investment prowess, suffer such historic losses, ultimately drew the rapt attention of financial experts, and even amateur investors, from across the country. A recent Wall Street Journal article captures some of this intrigue, examining the decisions that ultimately contributed to the trading debacle-and in particular, the decisions made by J.P. Morgan executive James Dimon. The story has caught the attention of investment advisors like Gregory Bowser of Asset Management Services, who has responded to the story with a press statement of his own.
The Wall Street Journal article notes that the major trading loss stands as “the most expensive blunder of [Dimon’s] 30-year career,” and that the debacle ultimately happened as a result of Dimon’s initial failure “to detect the risk of trades that had begun to generate huge losses at the bank.” Gregory Bowser, however, says that there is a silver lining here-namely, the lesson that other investors can learn in the importance of strategic planning.
“Jamie Dimon, Chairman and Chief Executive Officer of J.P. Morgan, Chase & Co., whom I personally admire as a leader in the financial services arena, just made a huge trading blunder that caused losses of over $2 billion. As a result, J.P. Morgan’s stock value has tumbled by a massive $25 billion,” recaps Gregory Bowser of Asset Management Services, a firm that provides estate and retirement planning services. Bowser goes on to say that the lesson learned from the Dimon debacle has particular relevance when it comes to retirement planning.
“We at Asset Management Services, Inc. think this is just another example of why active investment strategies are not worth the risk, especially during retirement,” affirms Bowser.
“The typical retiree could not recover if a similar mistake was made with his or her retirement funds,” concludes Bowser. “Ultimately, we believe a conservative, multi-faceted, and well diversified approach gives retirees their greatest chance of success, and of a truly comfortable retirement.”
Ultimately, Bowser says that detecting risk from an early stage is vital, but taking a more conservative approach to retirement planning may be the safest bet of all.
Gregory Bowser of Asset Management Services provides clients with a comprehensive suite of financial planning strategies. These services include financial planning, holistic retirement services, investment planning, estate planning, Social Security planning, legacy planning, and more. Mr. Bowser has served as a fee-based planner, helping families throughout the community invest for retirement, for more than two decades. His experience has proven invaluable in guiding retirees through uncertain and tumultuous times, ultimately helping them to enjoy comfortable and secure retirements.
Gregory Bowser and the Asset Management Services team can be contacted at (410)538-6800, firstname.lastname@example.org, or via the company’s website, at www.asset-management-services.com. The company is zealous to hear from those who want to learn more about its conservative approach to retirement planning.
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Original Source: Gregory Bowser Asset Management Services: J.P. Morgan Case Shows Importance of Strategic Planning