How Making Sure Things Are Correct May Be Life Changing Ep. 90

The rout in the markets continues. According to the Monday edition of the Morning Brew newsletter, the Nasdaq is down over thirteen percent, the S&P is down nearly nine percent, and the Dow is down six percent this year.

Ongoing expectation that the government will increase interest rates soon and end the bond purchasing program it started during 2020 is part of the reason for the pullback.

The government recently released the inflation numbers and stated that inflation was seven percent last year. Suddenly, the hundred-dollar bill you have in the bank is worth ninety-three dollars.

Then the incessant talk about Russia invading Ukraine isn’t good for the markets. The market grows in times of predictability and we have a lot of uncertainty this year.  

With these three major issues persisting, this is a great time to ensure that your portfolio is optimized for times like these. The value of a second opinion can’t be understated. And as we saw last week in the newsletter, if the strategy is “Hold on, hold on, it’ll come back,” that’s insufficient to create steady retirement income.

I’d be happy to speak with you about your specific situation and help you gain an understanding of how your money is working if that’s needed or answer questions you may have. Our desire for each of our clients is to have as much peace of mind as possible. When you’re ready, call our office at 864.641.7955.

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