Don’t Get Caught in the War of Words
This week we have seen the trade talks now move to a new stage. Moving from mere words to actual follow-through of them have many considering what action to take. We want to caution you not to get caught in the middle of this war of words.
Many of us hope the recent tariffs being exchanged between the U.S. and China lead to a positive outcome. Whether you’ve read that China is only responsible for a single-digit percentage of our country’s GDP or they make a larger impact, we can all agree any differences need to be worked out. The volatility that has resulted may have you unsure of how to react.
We appreciate the comments from Jim Cramer about Apple, Inc. regarding his view on the trade differences. There may not be an overnight fix, but rather a long process toward change needed. Since it may take some time to resolve this issue we want you to stay out of the middle. Don’t get caught buying and selling because you’re in a panic or anxious about the outcome.
As you gauge the actions and reactions remind yourself of the bigger picture. The progress you are making toward your goals and the steps you are working through to achieve them is so important. This can be one story that could get you caught in the middle. Stay on track with your plan and if you feel that requires some investment changes then don’t be afraid to reach out to get an investment professional involved.
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Will 2023 be better for investors? They just suffered one of the worst investment years ever in 2022. There are reasons for hope in certain parts of the stock and bond market. We give our thoughts on the chances of a recession and path of interest rates in this opening post of 2023.
We are financial advisors in Deer Park and Barrington, IL. A team with a passion for helping others design a path to financial success — whatever success means for you. Each of our unique insights fit together to create broad expertise, complete roadmaps, and creative solutions. We have seen the power of having a financial plan, and adjusting that plan to life. The result? Freedom from worrying about the future so you can enjoy today.