• Can you weather the coming Economic Hurricane?

    From: GoldSilver.com Sep-15-2024 11:16:am
    “You’d better brace yourself”
     

    It’s no secret things are getting worse for regular Americans...

     

    Gloomy signals are all around us: Inflation persists, running at its highest rate in 40+ years. Gas prices are at all-time highs. War in Ukraine rages on. And the stock market has dropped –23% year-to-date, just to name a few.

     

    Even if you've prepared, and you think your portfolio can survive the months ahead, this is terrible news…

     

    Because consumer spending drives 70% of the U.S. economy.

     

    And right now that euphoric post-pandemic consumer mood is souring.

     

    People are anxious. They are worried about a coming recession. And they are pulling back, tightening the purse strings.

     

    In fact, the University of Michigan Consumer Sentiment Index has now fallen to its lowest level since tracking began in the 1950s.

    Consumer Confidence Plunges to All-time Low

    And according to Jamie Dimon, CEO of the country’s largest bank JP Morgan Chase, things could get worse… he’s advising investors to prepare for an economic hurricane.

    “You’d better brace yourself… that hurricane is right out there, down the road, coming our way.”

    – Jamie Dimon, CEO, JPMorgan Chase

    Yet with so many headwinds facing the markets and consumers' paychecks buying less and less every week, relief from the Fed or stimulus from the government is not coming like it has in years past.

     

    The Fed continues to tighten and raise interest rates to slow activity down and break inflation. Just yesterday, Jerome Powell announced the biggest rate hike in nearly 30 years.

     

    This is perhaps unlike anything investors have seen in a generation.

     

    You may have been through crashes before: 2020, 2008, 2000, 1987 and so on...

     

    But today feels much different.

     

    Just how different? Our good friend Adam Taggart at Wealthion recently released this short video listing the record number of pressures that are squeezing consumer households today:

    Adam Taggart Video

    Because of these, making financial plans in this environment is very confusing…

    “The confluence of the number of shocks to the system to me is unprecedented.”

    – John Waldron, President of Goldman Sachs

    It’s hard to make money and even harder to keep it in these markets.

     

    Your typical financial advisor might suggest you just “stick it out.”

     

    But if you’re someone who recognizes that unusual times call for a different strategy, and you prefer to take action rather than wait around relying on hope, then don’t just simply do nothing.

     

    Consider having your accounts examined by professionals who share the same concerns about the current markets as you do.

     

    Financial advisors who understand the risks and macro drivers underlying the current asset price volatility and have specific strategies for what to do about it. Including answers to questions you may have like:

    Am I currently well-positioned for what likely lies ahead? Am I still on pace to be able to retire when I want?

     

    Is it too late to hedge my portfolio?

     

    Should I buy more stocks or bonds in expectation of a rally from these oversold levels?

     

    Should I sell any of my investments? And if so, which ones?

    To get started, fill out this simple form at Adam Taggart’s SEC-registered service, Wealthion.

     

    When you do, you’ll be matched with an advisor to set up a complimentary portfolio review and consultation with Wealthion’s recommended financial advisors who will meet with you & then tailor a strategy to your own unique financial situation, goals, timeline and risk tolerance.

     

    If you already have a good financial advisor – excellent. Ask them to sit down and explain how your portfolio is currently positioned, why it's positioned that way, and if the recent weakening market requires any changes to your strategy.

     

    If you’re happy with the answers, then great.

     

    But – if you’re not…

     

    Or you want a second opinion…

     

    Or you don't have a relationship already in place with such an advisor...

     

    Then seriously consider scheduling a free consultation and portfolio review very soon with one of the independent advisors recommended by Wealthion. You’ll learn how they are positioning their clients for the storm ahead, invaluable information for making your own logical decisions.

     

    The reality is that no one knows for certain what's going to happen from here in the markets. You have no control over what stocks, bonds, or precious metals do next.

     

    But you CAN control how well-positioned you are today for tomorrow’s various potential outcomes.

     

    How well you can reduce your vulnerability. And how well you can be ready to take advantage of the eventual opportunities when they present themselves.

     

    That's the real benefit a good advisor offers.

     

    So, as mentioned, reach out to yours today to be sure you're making the most out of that resource.

     

    But again – if you don't have one, or would like a second opinion from a well-informed professional – schedule a free, no-commitment, no-strings-attached consultation with one of Wealthion’s recommended advisors.

     

    There's really no downside. And given today's higher stakes, learning about different strategies can have potential tremendous benefits.

     

    Follow the link below to get started:

     

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