Jobs have disappeared, government financial support is floundering and many industries are imploding. Teachers, students, restaurant owners, renters, landlords, travel agents, health care providers, entertainers – all these an many more are staring into a future that can feel discouraging at best and depressing at worst.
In the summer of 2020, Federal Reserve Chairman Jerome Powell said that our economic future is "extraordinarily uncertain" right now.
The bad news is obvious and it affects everyone. Many investors and potential investors may be will we return to the 30+% downturn from February 21st to March 23rd in 2020.
And yet, when people are asking "How could things get worse?" historically that's as close as there ever is to a buy signal. The good news is that at some point things will clear up a bit and people will feel more confident about the future. This is where successful investing starts. As uncomfortable as it seems, we may have a buying opportunity.
Joining us for our discussion on Tips To Increase Your Networth is who is calling in from his Seattle Washington WA office . Paul Merriman is a nationally recognized authority on mutual funds, index investing, asset allocation and both buy-and-hold and active management strategies. Now retired from Merriman, the Seattle-based investment advisory firm he founded in 1983, he is dedicated to educating investors, young and old, through weekly articles at Marketwatch.com, and via complimentary eBooks, podcasts, articles, recommendations for mutual funds, ETFs, 401(k) plans and more, at Paulmerriman.com.
He is releasing his new book "We're Talking Millions! 12 Ways to Supercharge Your Retirement.
WELCOME BACK TO MASTERING YOUR MONEY, PAUL MERRIMAN