Phil Cannella – Phillip Cannella in the News: Phil Cannella Harks Back on the 1929 Stock Market Crash

Phil Cannella – Phillip Cannella News: Phil Cannella has done a good study of the history of the financial markets in the United States and examined their peaks and their crashes. He sheds some interesting light on the well-known crash of 1929 that brought about the Great Depression.

Phil Cannella very wisely points out: “In 1929, American investors suffered the worst financial crisis in history, bearing witness to a mass economic collapse that decimated their savings. The effects of the crash were cruel and long-lasting. As American economist Richard M. Salsman described the collapse, ‘Anyone who bought stocks in mid-1929 and held onto them saw most of his adult life pass by before getting back to even.”

These words couldn’t be more true. This scenario isn’t just true of the 1929 crash but has occurred again and again. Phil Cannella asks if someone in their retired years should risk it all, considering they may not live to see their wealth recover. And so it is that Phil Cannella urges Americans to look into financial vehicles that provide shelter from market risk.

You can hear Phil Cannella’s solutions by attending one of his crash proof educational events and coming through his three-appointment process.

One thought on “Phil Cannella – Phillip Cannella in the News: Phil Cannella Harks Back on the 1929 Stock Market Crash

  • Phil Cannella

    Phil Cannella – Champion of Consumer Advocacy
    With the uncertainty and volatility of the market, Phil Cannella, with First Senior Financial Group, prides himself on ensuring a safe retirement future for senior consumers. With an unparalleled devotion to educating seniors, Phil Cannella works endlessly to know and understand the ever changing tax laws and economic changes that can adversely affect one’s nest egg. Thousands of senior citizens have gone through First Senior Financial Group’s education process and learned how to have up to an 85% tax free retirement income.
    As if that isn’t reason enough to respect Phil Cannella, the truly amazing thing about how he runs First Senior Financial Group is that he never takes a dime from the seniors who come to him to be educated. Everything he teaches and everything he offers comes free of charge. That is the true mark of a consumer advocate, someone who cares enough to help you without asking for anything in return.

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