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American Funds Investors

Working with a financial adviser to enjoy a successful retirement

Speakers: Jerry and Esther White

VIDEO, (2:59) Recorded November 14, 2011


JERRY WHITE: One of my things I like to do and have done for years is go to swap meets. I was a big collector of butterflies and frames and that — I’ve got quite a collection of that. Esther’s put most of them up on the wall. I’ve still got some scattered here and there and some in boxes.

JERRY: But I enjoy getting out and going to swap meets and seeing what I can find. I don’t buy much anymore because we’re just running out of room to put things. That was kind of our exercise a lot of times.

Well, I worked for Standard Oil, now Chevron Oil, and at that time you could contribute to your retirement plan. And so I contributed the full amount and that’s how we got started with our retirement. I just rolled everything over into American Funds at that time, along with my stock plan from Chevron. Been using American Funds ever since.

Stuart, our financial planner, guided us through and indicated, you know, this is what I think you would be able to take out — and still grow some and have money for the future.

We didn’t pull any money out of the market in 2000. We were determined that…  We left it in. Well, it’s gonna come back, and we’ll be alright. It was 2008 that was the more difficult time, I guess, for us. We happened to be on a trip into Nova Scotia during that October. We could see things were going down but we didn’t know what to do about it.

We kinda got a hold of Stuart. He informed us that some people that thought they knew better that would pull their money out of different plans and put it into something else — or not put it into anything. He says, “Those people have not done near as well as you’ve done, and I would recommend that you stay with the plan and ride it through.”

ESTHER WHITE: Yeah, we gotta give him a lot of credit because we’re pretty dumb when it comes to money. All we know how to do is spend it.

JERRY: We’re not people to look at the daily stock market or do any of that. We’re just enjoying life — our retirement years — and we’re gonna let Stuart worry about that for us. That’s his job.  What happens more or less happens. If you take it out and put it under your mattress, well, you’re gonna lose. And if you leave it where you’re at, chances are that it’s gonna come back, and you’re going to survive and it’s gonna be okay.


The statements included in this section are the opinions and beliefs of the speakers expressed at the time the commentary was recorded and are not intended to represent those persons' opinions and beliefs at any other time. These investor experiences may not be representative of the experience of other investors.

Past results are not predictive of results in future periods.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Investing outside the U.S. involves risks such as currency fluctuations, periods of illiquidity and price volatility. These risks may be heightened in connection with investments in developing countries. See the most recent shareholder report or prospectus for more information on these and other risks associated with investing in the fund.

The return of principal for bond funds and for funds with significant underlying bond holdings is not guaranteed. Fund shares are subject to the same interest rate, inflation and credit risks associated with underlying bond holdings. Bond prices and a bond fund's share price will generally move in the opposite direction of interest rates.

Capital Group manages equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed-income investment professionals provide fixed-income research and investment management across the Capital organization; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.