Watch Out-An Economic Firestorm Is Beginning To Form: Steve Forbes 

I hear you. Curbing spending is key. Look for cheaper alternatives, clip coupons, and maybe even consider a side hustle to boost your income. Every bit helps fight inflation's bite.

Firstly, rack your spending, identify areas to cut back, and free up money to weather inflation's storm. A financial consultant can help you analyze your budget and identify areas to cut back without sacrificing your lifestyle.They can also explore ways to boost your income through strategic investments. One client I worked with saw their portfolio grow by 12% last year, allowing them to build a buffer against inflation.

Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.

type "Sonya Lee Mitchell" into your browser and her page will come up. Don't forget to do your due dilligence.

Her name is “Sonya lee Mitchell” can't divulge much. Most likely, the internet should have her basic info, you can research if you like

The market will continue to fall, so I recommend you do a fundamental and technical analysis of the stocks of the companies you want to buy and their data forecasts for the next few years. Better yet, you could have an investment advisor help you restructure your entire portfolio and balance the bad apples you're holding. This strategy has worked for me so far, saved me a lot of stress, and is also very time efficient.

I completely agree, which is why I prefer to delegate daily decision-making to an investment adviser. It is difficult for them to underperform given their specialized knowledge and research, as well as the fact that every one of their abilities is geared toward utilizing risk for its asymmetrical potential, and mitigating risk of capital loss. I've been working with an investment advisėr for over two years, and have made over a quarter million dollar. It's really beneficial.

I'm glad I stumbled across this discussion. If you don't mind, could you tell me how to reach this investment adviser who helps you with your investments?

vivian jean wilhelm is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

Don't be in a hurry to get out. The market needs several days of strong performance to signal that the downturn might be over; i don't think It's a time to be largely, if not entirely, in cash

Inflation gives the illusion of growth. Investors should exercise caution with their exposure and exercise caution when considering new investments during these periods.

The economy and stocks are two different things these days, but i agree, I think it's brilliant to have a portfolio advisor for investing! The market's instability makes DIY risky. You don't need to find the next NVDA to succeed in investing. I've turned 180k into $20k in quarterly dividends, a major milestone.

Hold and do not panic sell....the market is a marathon not a sprint

@kansasmile I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

Numerous opportunities exist to achieve substantial profits at present, but executing high-volume and nearly flawless trades requires the expertise of real-time professionals with an ISDA Agreement. This agreement allows investors to participate in sophisticated trades, exclusive to seasoned individuals, and unavailable to amateurs. Attempting to be a high-stakes trader without an ISDA is akin to trying to win the Indy 500 riding a llama.

The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market.

I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

Actually its a Lady. Yes my go to person is a 'Michele Katherine Singh'. So easy and compassionate Lady. You should take a look at her work.

Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.

With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.

With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

Monica Shawn Marti is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

They stopped printing money when they started hiking interest rates. That's the literal meaning of quantitative tightening.

yes, my point being why go through this process if you will continue overspending and devaluing the dollar either way. It’s a mess, we wouldn’t be in this spot if our government could run a budget. On a personal note I've worked closely with my advisor - Chasity George Charles to grow my portfolio from $200k to $4.8 million through stock trading because as a businessman, I prefer to invest my money rather than let it sit idle and lose value over time due to inflation.

@@stevenorris1 I think The US government needs to get US out of all these senseless wars, & extract their fair share from billionaires, & Corporations. Then we could shore up Social Security, provide an education, & healthcare, AND begin to pay down the national debt. But this will never happen as long as Americans keep voting for 1 of the 2 Corporate Parties.

I agree with you there

The thing is the US government is the one spending and the Fed Reserve only acts accordingly. So in reality the US is in trouble. We are forced to spend because our government is trying to keep its hegemony. Military aid for all but nothing to balance the economy. We are truly in trouble.

Shitfire storm

He's a gentleman

Fiery shit storm?

good band names

Its straight taco bell, shit napalm raining down.

And exactly what is happening right now. Look at the exploding homeless population.

Same in Canada. Homes are now a commodity and majority of younger generations cannot afford to buy one and then the rents are astronomical. $2700 for a one bedroom apartment.

Get out of the Central Bank System. Buy Brics or Get into Gold

@@jerryross7135 How do I make change for a gold bar? Do I cut it or?

The children are already waking up homeless

Hahhaahhahahaaa

@@elephantoflight3362 Who would you recommend? Provide a name.

@@thomasmanning829 If you get a chance. Ask Steve if he’s paid in Yuan?

Once China bought Forbes magazine in 2014 I quit putting a lot of stock in what Steve Forbes has to say.

@@thomasmanning829 There are many, but none are on the Forbes or Fox payroll. Joseph Stiglitz, Paul Krugman, Richard Thaler, Stephanie Kelton, Robert Shiller, Claudia Goldin, to name a few--many of these are Nobel laureates. Steve Forbes, on the other hand, is out to convince voters to enrich billionaires like himself--that's all he cares about.

Same for our own finances. Imagine living by always paying one credit card with another credit card. That's what the debt Ponzi scheme really amounts to.

​@@edb3877and raising interest rates is the same as getting a card with a higher debt limit in exchange for a bigger monthly payment.

Biggest criminal is Gov. Above the law as they make, tweak and implement the law. 😅

You the people, voted for the governments that did this.

You would go to jail.

I’m not convinced.

​@@ayela562Agreed. Looks more like a poorly executed AI video to me.

Buy bitcoin

Nothing until you have no choice but to revolt.

The longer it takes for us to take up arms, the worse things will get.

Massively cut government programs and commit to using AI in place of government workers, for starters.

Buy Bitcoin.

When the BOJ raise rates; the will ripple through the bond market. The Fed only has partial control over interest rates the rest lies with the bond market. Japan starts buying it's own bonds domestically this will cause U.S. treasury bond yields to surge

@@the_expidition427 US yields can be controlled via less issuance. There is currently plenty of cash in the Treasury General account to fund Congress.

Yes. The amount of people in Australia holidaying in Japan (including myself) is huge because it's relatively inexpensive and great value. But that's one of the benefits of a weak currency

Ahh, no. It's happening right now...look around.

@@hollishedrich9126 What is happening now?

@@hollishedrich9126 What is happening right now?

@@scudfarcus4343 Well, the homeless population is exploding for one, the consumer is tapped out and relying on credit cards, the feds are running a trillion dollar deficit every few months, more people are dying from Ods every year than died in the entire Vietnam war. we got an invasion of illegal immigrants going on and our infrastructure is crumbling. What else? I'm sure there is plenty but I don't have time to think about it.

Waaahhh!

Sounds like what’s happening on College campuses!

@@danielmarks5133those are hired actors…NPC ☠️✊🏾

Delusional

@@robyoung-pl1gqyep, 2 yr old Robbie just woke up and soiled his pants again. Keep crying little Robbie.

A win by Biden in November would be rock bottom.

@@HandsomeCat-we2dqPretty sure that would be the tipping point for a Civil War.

Civil War? Who could afford that when everyone is going to be broke and homeless.

@@HandsomeCat-we2dq Trump would be a lot worse... either way, no president can save this upcoming recession. It has to happen to reset.

@@steveyoungl7881well you want to go through it with Biden the “great pretender”? Trumps a business man and can steer the ship no problem!

...they could NOT care less. (the opposite of what you wrote)

There was a lot previous generations could have done about this by being more active civically!

​@danielmarks5133like what ? That's so easy to say , but former generations voted for socialist politicians ( like Woody Wilson and FDR - the man who would be king died in his FOURTH term ! ) .

@@robertwalker5521 Agreed. I've long wondered at the common phrase "I could care less", strongly implying that they could not care less. Yet another foible in the American version of the English language... and there are quite a few of these... such as flammable and inflammable, which should be opposites, yet are used in the same way, when every other word to which "in-" is added as a prefix means the opposite of that word. No wonder English is difficult for many.

The first 100 days of this administration made the 1% $195 billion dollars richer. And he's going to raise your taxes.

Investors need to understand where and how to allocate funds to hedge against downturns and still make profits. if you can't navigate the market you should consult with an expert advisor

Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.

can you recommend a trusted fellow i can reach out to? I think that is the right thing to do.

I'm pleased with the advisor's prompt and knowledgeable assistance. Their professionalism instills confidence. Looking forward to further discussions.

I no just keep voting Democrat. 😊

Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.

I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.

Britney Cohen Rose, out reach worldwide on the internet With her name first on the internet.

The current inflation rate is 3.5% -same whether you’re a Republican or Democrat. Where do you live? fantasyLand? Sf🇺🇸

@@alananderson5929you know that bullshit alan I can name 4 things that are up way over 3-5%! Food, insurance, housing, household goods! Stop with the nonsense pal!

Over the past 4 years inflation has raised well over 20%. The most money we've ever printed. We see it in our grocery bills. Do you live on planet earth?

@@alananderson5929 oh come on. If you believe that's the rate of inflation you must believe in the tooth fairy...or maybe you are the Easter Bunny that was helping guide sleepy Joe?

@@alananderson5929I rather think YOU are living in fantasyland. Or you‘re too rich to even care or you‘re just ignoring your bills and therefore reality. This has nothing to do with either party, but with endless debt and money printing.

Finally! Someone else who understands that both sides lie. We may be the very few who doesn't believe in one of the liars over the other liar just because one of the liars is a better liar.

@@keithsextonakathebluerose Dear gawd, I hope we're not the only ones. 🤫 Thank you.

@@keithsextonakathebluerose yes it's way past the point of no return. Trump isn't gonna save the USA from this, sorry folks.

Obviously.

He ran once, but I can't remember when...

Not VP, Sec Treas

​@@ketanjibrownsfavemolester7592 Steve Forbes, a Republican ran in Primaries in 1996 and 2000.

Secretary of Treasury

It should be obvious since they are an island nation with a very large population per sq mile. Their birth rate is low enough where things are about to get a lot less crowded though...

They are totally screwed. The pooch is wimpering.

One wears glasses.. one doesn’t. (Captain Amazing)

So does the fear of another economy, ecology destroying, republican politician in the White house!

Its a bit of a circle jerk, ends in war (usually)

Bankers

they have been talking about debt crisis since we went off the gold standard.

@@immortal4942yeah it's such a good deal we now pay a trillion dollars in interest every 100 days and get absolutely nothing for it

" the bankers from harry potter"

"You cannot outrun the Commies."

​@@goosecouple😂 that's cause it's an idea 💡

​@@goosecouple But, they can't outrun a .762 either.

@@jamesparker1071 Are they running away ?

@@jamesparker1071 ..........7 POINT 62 . . . smh

Yes, and the sorry sobs who demand all this excessive spending.

Evil puppet traitor.

Its structural and inevitable. Party in power does not matter.

@@fadedflage this is true. Even if the US cut all discretionary and military spending, it couldn't manage the deficit. Gotta cut the "essentials" at this point and raise taxes on everyone. Talk about unpopular! It will never happen so down goes the USA.

The house controls the purse, everyone blames the president and continues to re-elect the same Congress people.

Lol

They're a majority so not hard to find.

@@robyoung-pl1gqonly on Election Day

@@prague7706 Nope everyday, repubs have been a minority for years, when you lose in Nov. be sure to cry another 4 years.

81 million votes and I can't find a single person who will admit they voted for Joe Biden......strange. All my Liberal family members and friends keep telling me they didn't vote for anyone in 2020.

Already is.

Yeah OK

😂😂😂😂

Palpatine used Mind control on Luke

Glad you think so

But Luke skywalker has been reading lines written by others for a couple of decades now. He is quite proficient at it now.

The economic metrics for the US economy are quite strong if you care to actually look at the facts - you can research it yourself on the web so no need to take Luke Skywalker's or any other potentially biased individual's word for it. Here are some key metric comparisons for 2020 when Trump left office and now: US Real GDP: Annual Growth Rate 2020: -2.8% 2024: +2.7% (based on current stat.s) US Labor Market Annual Job Growth Rate 2020: -9.4 million 2024: +4.8 million US Labor Market Unemployment Rate 2020 (4-yr ave.): 4.2% (excluding COVID) 2024 (4-yr ave.): 3.4% Disposable personal income, after inflation 2020 (Feb.): 15.7 Trillion 2024 (Feb.): 16.9 Trillion Dow Jones Industrial Average 2020 (Feb.): 29,000 2024 (Feb.): 37,000 A 2-minute web search also shows that US Debt has consistently risen since the 1980's regardless of whether Republicans or Democrats are in the White House cf www.statista.com/chart/1505/americas-debt-ceiling-dilemma/.

No you wouldn't. The police came and threw it all in the trash. Start over.

Risk is endemic to investing. Use common sense and diversify. There is always some unforeseen geopolitical event that will shake the markets. Be prepared to wait out the down turns. You didn't magically get such a large portfolio and sell during every downturn.

It's like that old saying, you go bankrupt gradually, and then suddenly.

Brilliant

People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.

Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.

this is all new to me, where do I find a fiduciary, can you recommend any?

Vivian Carol Gioia is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

If he’s right it’s unimaginable, it’s Armageddon. The world as you’ve known it yiur entire life ceases to exist and right quick.

Pay off debt. Save. Dont job hop right now. Cut expenses.

There is no cover for the middle class... There's nothing you can do, except to go 100% into gold...

@@ketanjibrownsfavemolester7592 gold is an excellent play once you get the emergency food and defense tools in order. Lots of people made fun of me, they're not laughing anymore and I am telling them it's gonna get a lot worse so I'm not popular at parties lol.

Protect yourself from inflation? It doesn't take a genius to figure that one out.

Are you waiting for lower prices or lower rates?

The 2008 recession only dipped 8% and it has been climbing ever since. If you couldn't afford a house four years ago you are not going to catch up to the dip.

Tax the rich.

In 1950 tax rate for crp was at 50%. It is now at 8-10%. Forbes sold his business to Saidis and Chinese. So he has to overplay Japan and US. The resolve? Raise taxes on uber wealthy. Over a billion.

@@user-tn5if5cq8u gotta cut spending too. Super unpopular actions are needed at this point and it's not gonna happen.

@@user-tn5if5cq8u Well ,You have a point but unfortunately, it too drives inflation.Have you ever notice the reason why the minimum wage gets raised?lt is not to help the poor,it is to help raise more revenue for Government.Every time the government raises the minimum wage,the cost of everything you buy also increases,that increases more dollars to tax.The only way to lower inflation is to make the Federal government smaller and more efficient.

@@user-tn5if5cq8u - Yes, the same people who already pay the majority of taxes.