Since the Great Recession began in 2008, there have been unlimited doomsday commentaries about the rise in Federal debt and the coming collapse of the U.S. dollar:
The U.S. budget deficit grew another $53 billion.
Debt as a percentage of GDP is growing.
The Chinese prefer gold to U.S. dollars.
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Life is full of uncertainty. We as humans crave certainty, but life doesn’t offer it to us.
Over the past decade, I’ve heard lots of concerns about the economy and stock market. And, we’ve been constantly reminded that what lies ahead is uncertain.
The headlines are filled with "Market Falls on …Recession Concerns …Unemployment Report …Gridlock in the Capital.” “The Markets Rally on … Jobs Report …Earnings Surprise … Fed Rate Cut.” Take your pick. The possibilities are endless.
It’s hard for many to believe that the economic recovery is now over six years old. GDP is steadily improving. And, the Bureau of Economic Analysis reports that our economy is larger than it has ever been.
When we look at the economy from an investor's perspective only two things come to mind: stocks and interest rates.
The downsizing that’s occurring at Keysight has created a great deal of uncertainty for affected employees. One of the immediate responses voiced by terminated employees was, “I’m going to sell all of my [Keysight] stock!”
This was an emotional response from some very rational, analytical people. Anger was the culprit and a natural human response.
I’ve seen too many engineers and other people make financial mistakes and regrettable decisions made from a place of fear, anger, disappointment or disbelief.
When it comes to financial planning most people would agree that they "should" have a financial plan.
So why is it that 70% of US households don't have a financial plan?"
People come up with all kinds of reasons why they haven’t planned for their financial future:
Our Financial Self-evaluation Tool helps you identify your financial blindspots and increase your financial power.
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