Let me introduce myself.

I just turned 60 this year and I am semi-retired. So I qualify as a Baby Boomer and am writing a blog for Baby Boomers in retirement.

Until recently I managed my own Retirement Fund. Whilst I was doing okay, it was taking a lot of my time. So in November 2007 I decided to hand over my Nest Egg to a Wealth Manager. My Nest Egg was then installed in a WRAP Account with a l...

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Let me introduce myself.

I just turned 60 this year and I am semi-retired. So I qualify as a Baby Boomer and am writing a blog for Baby Boomers in retirement.

Until recently I managed my own Retirement Fund. Whilst I was doing okay, it was taking a lot of my time. So in November 2007 I decided to hand over my Nest Egg to a Wealth Manager. My Nest Egg was then installed in a WRAP Account with a large Fund Manager and the money invested in several Mutual Funds.

After June 2007 I realized the returns were far worse than the returns I was getting managing it myself. I queried the poor performance and was told I should wait 5-7 years before deciding whether my investments were successful or not.

I pointed out that since I had retired and was now drawing a pension from my Nest Egg, I could not wait 5-7 years to find out the investment returns were not there. I said with virtually no income from other sources, I have no way to replenish any losses required to maintain the capital, so that in good years it will give me a good return.

No matter what I said or did I could not convince my chosen wealth managers that there was a problem.

Whilst trying to convince them there was a problem, I accumulated a large amount of information about what can seriously erode my nest egg including the Stock Market, Inflation and Taxes. What is more important all these things eat away at the nest egg regardless of the Stock Market, Inflation or Taxes.

It was then I realized too, just how much it was costing me in Fees having them manage my Retirement Fund.

I have detailed my trading and investing experience on my Blog if you want to read more about me. The main thing I discovered from trading and investing since 1995 was the importance of money management. Protecting your capital and minimizing losses is paramount to your long term survival when trading. It is no different when managing a Nest Egg in retirement. I am well qualified to talk about protecting capital and minimizing losses because I have been doing it for over 10 years.

This Blog is dedicated to putting all this information in one place for easy retrieval and understanding. It is my hope that other Baby Boomers will also realize the dangers to their nest egg and take appropriate action to protect it.

Please Note: I am NOT a financial adviser and do not offer any financial advice. I only provide information which you need to discuss with your trusted financial advisers before acting on it. I may tell you what I am doing with my investments, or what I might be doing, but you need to make your own decisions in concert with your trusted financial adviser.