It's been a frenetic couple of weeks.
Amidst the deterioration in Europe and the growing weakness in the US markets, in mid-May Chris issued the warning Get Ready: We're About to Have Another 2008-Style Crisis. Downside momentum has built since then, leading him to release a rare call to buy gold last week (which has since proved prescient in the immediate term) as well as a more-pointed report today to our enrolled members: Buckle Up - Market Breakdown In Progress.
It's times of heightened uncertainty like this where dislocating change has the potential to occur swiftly and sharply. Often events move much faster than people's ability to react appropriately to them. We've been recommending a defensive posture for investors for a long time now, but it's critical to adopt that position before the big market swings occur.
If you are going to keep money in the financial markets (stocks, bonds, etc.), you need to honestly ask yourself if you have the expertise and the bandwidth to intelligently and actively manage your investments throughout a coming period of potentially gut-wrenching volatility and uncertainty. If you know you don't or are uncertain, we can't stress enough the importance of working with a good financial advisor who will design and steward a prudent, risk-managed portfolio for you.
In the past, we've made it known we have identified a few financial advisory firms that we feel comfortable referring people to, as they see the world through a similar lens as we do. (A reminder: we may receive compensation from these firms -- at no additional cost to the client -- for referrals that become invested clients.) Frankly, we're agnostic as to whomever you use as an advisor, as long as you trust yourself -- which means doing your due diligence and picking an advisor who you have come to believe has the expertise and the service-orientation to give your wealth the attention and stewardship it deserves.
We are quickly entering the phase now where Chris' predictions from the Crash Course are no longer in the future; they are happening now. Please prioritize taking action today on the areas where you may have the most vulnerability (our What Should I Do? guide can provide a helpful refresher if you need it.)
And if you're interested in learning more about our endorsed financial advisors and potentially being referred to them, please contact us here.
This is a companion discussion topic for the original entry at https://peakprosperity.com/attending-to-your-financial-resiliency-2/