I completely agree with you! My first 100k took a long time and wasn't that special to be honest with you. Once I hit 300K that is the game changer in my opinion. At this point my money is basically making me a pretty good yearly salary. When I go to sleep at night I know my money is making decent money with the help of my FA
Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.
This govt is FCKD up. Every single +50 year old friend and relative of mine has lost their job. Head hunters I know have said everything's at a stand still. This economy is BAD and has been BAD for awhile.
My 88 yo grandma thinks our economy is stellar, unemployment is non existent, inflation is non existent... she thinks Kruela is a great candidate, thought the same about Joe blo.. Still trying to reason with her... that: If we don't have a consensus bout the state of things. . Isn't that proof we're being lied to ?!
I'm a bit lost and could use some advice. I've been holding onto $250,000, waiting for interest rates to stop rising, but now I'm questioning my strategy. With rates potentially continuing to climb and stocks declining, I'm unsure about what to do next.
Don’t expect a soft landing. We know inflation still far from its 2% destination - the FOMC didn’t raise rates now, we can never fortell their moves these days
I agree It’s always good to have a balanced fin-plan. I work with a professional planner multi mrkt and fixed-income strategist in NY. the fixed income portion of your portfolio won’t simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income.
Cutting early makes no sense. History shows cutting early can be catastrophic. Rates are not insanely restrictive. Between the cost of capital and higher prices people are slowly starting to spend less which is causing companies to lower prices. Bad for stocks but good for consumers in the long run. If data looks good in September then a modest cut makes sense to get back to neutral territory. Anything sooner seems to have no great reason other than to fuel the small cap stocks. Until or unless unemployment gets above 5% the dual mandate can focus on inflation only.
Exactly. The stock market is way up over the past two years. Corrections and even recessions are healthy and necessary. The Fed should stick to their goal and not be swayed by Wall St loud mouths.
Agree. Interest rates are historically pretty average. Cutting rates too low only fuels bubbles and helps the rich. With rates the way they are now savers can get a decent risk free rate.
@@atomicfly777 inflation on paper never be realistic in life's. It's above 5% inflation. Only corporates make money from policy decisions. Middle class and poor struggle with post pandemic price hikes
I agree with him with the economy slowing. The labor force participation is low and Sahm rule triggered. Don't think they should cut though because inflation is in the periphery.
First cut, housing prices rise more and inflation emerges again. Wont happen...if anything 25 bps Dec meeting. Stocks rise rest of 2024 one last liquidity pump..😊
What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.
