Now that half the year is over, it's a good time to think about what the rest of 2022 might bring. Because of inflation and economic uncertainty, many of us have had to put off or cancel trips, big purchases, and other things. It can be hard to know where to start.
Here are some suggestions for making the rest of the year as easy as possible:
Deflate inflation. Travel costs have gone through the roof, causing many people to put off or cancel their vacations. But are you taking the news too seriously? If you're not sure about a planned trip, let's talk.
Accept uncertainty. If you've been putting off a big purchase, you're not alone. Because the economy is uncertain, many people are rethinking how they spend their money. The "wealth effect" tells people to cut back on spending when their net worth goes down. But our portfolio strategy takes times when the market is volatile into account.
Be patient. The need to act can lead even the most experienced investors to do things that might not be the best. Instead, try to look at the markets in the long term. Staying calm and taking a break from keeping a close eye on the markets may help you get through the storm.
Let us know if you ever want to talk about your plans for the future or the state of the economy. We are always willing to help out.