Will the Economy Always Be Like This?
Without an adequate understanding of where their financial security stands in times like these, even high-net-worth investors sometimes feel as though stability is out of reach. However, with a firm grasp of economic trends and practices—and the insight for making informed investment decisions when times are tough—there is hope for a prosperous future. The important thing now is to remember that we aren’t in a recession, not yet. It looks increasingly likely for the fourth quarter of the year or […]
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Date: May 22, 2023
Getting Defensive Against a Recession
Affluence can make it easy to believe that you are immune to economic downturns. After all, it typically involves having substantial assets, investments, and resources at your disposal. History has shown us time and again, however, that even the wealthiest individuals can be impacted by financial crises. That is why it’s essential to prepare for a 2023 recession: You need a solid plan in place to protect your savings and assets. In the sections below, I discuss the unique challenges […]
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Date: May 8, 2023
Recession Preparation for High-Net-Worth Individuals
The world’s economies, like our own, are never static. They’re always in motion, like tides in the various oceans. This is why, although storms such as inflation and stock market instability aren’t frequent, they’re not unheard of, either. Generally speaking, they blow in, and then, eventually, they depart. Historically, severe storms like recessions have been much rarer, but unfortunately, they can also last even longer. That is why it is crucial to keep your portfolio prepared for possible economic downturns […]
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Date: April 24, 2023
“What if I Run Out of Money?”
Is a recession coming? Are you worried about running out of money after retirement? With the financial uncertainties caused by a likely 2023/2024 recession, global economic turmoil and increasing life expectancies, even some affluent families and individuals are growing apprehensive about their financial future. However, there is a way to ease those fears—by getting proactive. If you create a comprehensive financial plan for your post-retirement years, you can ensure that your retirement savings last throughout your life. We just need […]
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Date: March 31, 2023
How a 2023 Recession May Impact the Elderly
As the economy continues to show uncertainty, many people are asking themselves how a potential recession in 2023 may impact their finances and future plans. This is especially vital for the elderly population: People living on fixed incomes are facing heightened levels of financial concern alongside retirees-to-be with fewer working-age years left before retirement age. Even financially independent families and individuals should be aware of the potential risks posed by a 2023 recession. It’s vital to understand which actions taken […]
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Date: March 30, 2023
How to Recession-Proof Your Retirement Savings
A lot of people have been Googling, “are we headed for a recession?” This is because a growing number of people in the financial industry see a recession this year as inevitable. Opinions vary as to how long it could last or how severe it’s likely to be, but nearly everyone agrees that it’s happening. At this point, it’s more of a question of “how soon” than anything else. However, another good question may be, “Should I be concerned about […]
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Date: February 20, 2023
Volatility Still Elevated. No All Clear Yet
So Paul, (yes, I am speaking in the annoying third person and I hate it too), it seems like every day there is a dizzying array of news and events. 500 points up, 400 points down, 300 up, 400 down. Employment report. Tariffs. New technology regulations. And earnings season is about to begin. Volatility remains elevated as has been the theme all year. Three times, Dow 23,500 has been visited and all three times buyers stepped in the thwart off […]
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Date: April 8, 2018
Major Reversal Puts Ball in Bulls’ Court
Stocks saw a very large reversal on Wednesday from being down 500 points to closing up more than 200 points. That would have been absolutely textbook if the price lows were below the lowest level of the correction which occurred on Monday or February 9th, depending on which index you look at. Technically, the price behavior has satisfied all that is needed to end the correction and begin an intermediate-term rally. However, I am not 100% convinced just yet. First, […]
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Date: April 5, 2018
Trump Tariff Tantrum & 200 Day Moving Average
We woke up today with more of the Trump Tariff Tantrum. This time, China responded as everyone thought they would, but the markets reacted much worse with the Dow looking to be down 600 points at the open. I am much, much more concerned about where stocks close today rather than where they open. To wrap up this decline, I would either want to see a 1000 point down day or afternoon strength today. As I continue to write, tariffs […]
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Date: April 4, 2018
Stocks are “Supposed” to Bounce
This is going to be a short update as my car has a safety recall and I am late to drop it off. While I was on the look out for a 1000 down day to get the market to the end of the decline and middle of the bottoming process, the bulls jumped when the Dow was down 700+ on Monday and thwarted that attempt. I really wanted to see a full WOOSH lower that ended the day really […]
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Date: April 3, 2018
