There’s little doubt that the financial markets are in a state of uncertainty. China, the Emerging markets, Latin America and Europe are all in bear markets. Stocks have been ugly, and you’re probably wondering: could the U.S. fall into a bear market this year?
Doug doesn’t see signs that the U.S. economy is going into a recession. In fact he thinks—at this point in time—that the U.S. economy is in pretty good shape. As we witness the arrival of bear markets around the world, he and the rest of the team at Fabian Wealth Strategies want to remind you how important it is to know what your investment goals are. If you need help on making those goals, call about our Personal Wealth Coaching service: 800-391-1118.
Here’s the list of income strategies you should employ in 2016:
- Make a quick summary of your finances
- Decide on and work with just one financial institution
- Know your current cash position
- Identify where your at-risk assets are
- Write down your rate-of-return goal
The most important thing you should take from this list is write down your rate-of-return goal. Goals are vital for your finances because they drive your decisions, clarify your investment objectives, and eliminate your choices.
Yes, the stock market is a little crazy right now, but with organization, focus and a solid plan of action, you can make the most of it. Let the team at Fabian Wealth Strategies help you navigate the bumpy road ahead with an investment plan tailored to your personal and financial values, objectives and priorities. Call or email our office today and ask about Personal Wealth Coaching—we can help you make your 2016 a financially successful year, even in the midst of uncertainty around the world.
Reach us by phone at 888-300-3684, or by email at askdoug(at)dougfabian(dot)com.