.png)
"We have to self-develop and we have to take control" -CEO Rosalind Brewer
It looks like the CEO of Walgreens Boots Alliance, Rosalind Brewer is stepping down after 3 years from one of the most, if not the most, recognized pharmacy chains in the country, according to an article by CNN.
Why?
In her words...to advance her career.
Many years ago, I would think this was a cop-out but I may be softening up on my position.
When we think of financial planning, you, the client, are always at the center of that plan. Your best interest should always be served, first.
In the midst of financial turmoil caused by declining sales and an increase in shoplifting. This seems like a great time to jump ship for Rosalind.
As an investor, knowing when to mitigate your risk is going to be one of your greatest superpowers.
I know we have our favorite company stocks. But sometimes, we have to let go if we are going to move forward.
One of the biggest risks, an investor can take is having a high concentration of company stock.
It is estimated that Walgreens shares are down roughly (-32%).
Meaning, if you had $1,000,000 in company stock, in your retirement account, right now, you would only have a little more than $666,666!
So to combat this, you need to diversify your investor holdings.
Take a close look at your investments and make sure you are rebalancing your holding to match your risk tolerance.
Rosalind is right.
You have to self-develop and take control.
As it says in 2 Timothy 1:7- For God gave us a spirit not of fear but of power and love and self-control.
Today, I want you to lean on that power and take action. If you are struggling with your finances, reach out and get some relief.
Join our Newsletter and receive our free 19-page e-book "4 Financial Principles Every Christian Should Know"
As Christians, we were taught to be good stewards over our tithing and giving to the less fortunate. But when it came to our personal finances and investing we were left clueless on what the Bible says. What does the Bible say about managing debt, leaving a legacy, investing, and planning for your retirement? Mr. Christian Finance answers these and many other questions because we want to teach you how to become rich and righteous!
Meet A.B. Ridgeway:
A.B. Ridgeway, MBA, CPWA®️ (info@abrwealthmanagement.com) is the owner and Christian Financial Advisor with A.B. Ridgeway Wealth Management. With a decade in the finance industry, his goal is to give believers clarity around the most confusing topic in the Bible, money, and tithing. A.B. Ridgeway helps tithing Christians become cheerful givers but unlocking their money-making potential, so they can prosper and be the great stewards of the wealth God has entrusted them with.
*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.
Comments