Huron Expositor, 2009-04-29, Page 26•
Volvo employees advised
to be wary of their risk
tolerance with severan
From Page 25 ,
"A key step is implementation of
the plan and you don't want to get
stuck after planning," he said. "You.
have to make sure to male appoint-
ments and makedecisions. You can't
get paralyzed." _ • -
Every plan requires monitoring
and adjustments and financial plans
•F • should not become a- document *Or
life. -
Financial plans are made with
some assumptions on rates of re-
turn and investment products and
the Dailys advocated looking at the
plan and its efficacy every three to
four months.
4it-r' The job becomes much simpler
if there is a partnership with the
right financial planner or advisor,
they -claim, adding that the unoOr-
tainty of the market and its future
direction, makes the selection of
,
."WeAt.•
-• ;
competent planner critical.
The stock market is in the middle
of a 17 -year cycle of ups and downs,
Ross said advising Volvo employees •
to wary of their risk tolerance with
severance money.
"You can't afford to lose this so
never take on more risk than you -
have to," he advised. "You have to
rely on instinct, you have to know
how your partner feels_ and you
have to understand your needs rel-
ative to how much time you have
and how much Money you need." .
The manufacturing line ofVolVais
scheduled.to cloie June 3Q,2009. • ,
The financi#1 air was just one of a
series of seminars, workshops and
training initiatives offered to -.Vol-
Aro employees over. the past _seven
months. • - •
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