Planning Gives You Control

Global conditions often threaten the stability of the American economy and financial markets. The deepest inversion of the yield curve since October 2019 — a leading indicator that measures the direction of interest rates — may signal the coming of a recession, according to some experts. Geopolitical risks, such as ongoing trade negotiations between the United States and China and the impact of the coronavirus virus, continue to destabilize the equity markets. 

Some pundits claim that investors can only survive the overvalued U.S. equity markets as selective stock pickers, but this kind of advice always seems to be offered in the midst of market volatility. The question then arises: Whose voice do you listen to as you try to navigate your own financial ship through these difficult waters? 

A solution to this dilemma is to work with a CFP® professional, who can provide clarifying advice specific to your finances. With the help of a CFP® professional, you can develop a long-term plan to help meet your financial objectives, while navigating changing conditions in the short-term. Most importantly, CFP® professionals always act in your best interest as a fiduciary – with the duty of loyalty, the duty of care and the duty to follow instructions – when offering financial advice.

While we have no control over many external elements, we can clarify our current course of action and develop alternative strategies that would bolster our financial security regardless of economic conditions. Whatever your financial goals may be – from planning for your daughter’s wedding to saving for an early retirement — a CFP® professional can help you develop a comprehensive financial plan to pursue them.

Though history is not always a reliable indicator of what will happen in the future, economic downturns are inevitable. However, uncertain economic conditions may also unveil hidden opportunities, so there is truly no better time than now to invite a CFP® professional to accompany you on your financial journey.