By: Jason I. Henderson, Ph.D.
Published for Logan, Utah
Who do you know who knows what is going to happen in the next 30 days?
No one and I mean NO ONE, from the President, to the Congress, to all the financial experts and the leaders of the world have any idea of what is about to happen in the world’s economy. Let me repeat that: NO ONE! I am sincere when I say; they, and please add me to the list, have no idea how to fix the problems we currently face. This is all new territory with many challenges that have never been addressed. There is real danger for everyone.
The world will face tax issues, healthcare issues, demographic issues, inflation, natural disasters, excessive volatility, and many challenges too numerous to list in this short email.
If you really think about it, I am sure you will admit that no one has the answers. So tell me, has uncertainty served you well in the last decade?
If no one knows what will happen, should you be playing it safe or should you get aggressive with your money? Do you have a strategy in place that will protect you from these unknown events. Is it possible to develop strategies to take advantage of future events?
Simply put, having a relationship with a financial advisor could not be more, and never has been as, important to you as it is currently. That advisor also will not have the answers to the problems discussed, but if they are worth hiring, they will have common sense, rock solid suggestions to help you weather the coming storms.
One thing I suggest is finding out where that advisor has their personal money. Do not just take their word for it, ask to see some statements or some sort of proof. You know the old saying – “Trust but verify.” – See more at: http://www.area-info.net/articles/show.php?cty=Logan&st=Utah&article_id=10521#sthash.5DEqe5Az.dpuf