Sailboats are supposed to be fun
Many financial advisors report that their clients are concerned with two things right now: the threat of a recession and persistent inflation.
Advisors admit they don’t know exactly how today’s uncertainties (including the Russia/Ukraine war and supply chain issues) will shake out. But there are reasons to be optimistic – and opportunities, they say!
If you’re already dabbling in investments, whether long term or short term, this can be an excellent time for you to grab a gust of wind that others have let out of their sails.
Investors can position themselves well by making decisions based on lessons from past economic downturns and looking into what current data shows. Now may be the time to add some risk. It sounds crazy to the uninitiated, but investing while markets are down can bring significant financial gains when markets pick up again.
Think of it like buying all of Target’s clearance Christmas stock at 75% off, storing it in the garage, and reselling it on Facebook Marketplace at a profit come November 1st next year. It just takes time, at the right time.
How this translates to you and investing: rookie/newbie investors get spooked by the market and sell, and you can swoop right in to buy low and benefit from the gains when the market recovers.
Still concerned about what the future holds for your investments? Give us a call at (843) 475-3038 or use our scheduler to set up a free 15-minute consultation.