We don’t know when the next economic recession will come, but we are confident it WILL happen, sooner or later. Furthermore, many times a recession is accompanied by a significant stock market decline.
Have you tested your financial plan to see if you are ready? Just as military and airline pilots routinely train to be prepared for emergency situations, we take a similar approach to ensure our clients are ready for the next downturn.
A market downturn can be difficult no matter the stage of life you are in, but the absolute worst-case scenario is for the stock market to decline significantly THE YEAR you retire. We want you to be successful regardless of economic recessions and market downturns.
In this first video, of a two-part series, Charlie discusses the 3 Things NOT To Do in order to survive a recession. They are simple, but very important steps.
Stay tuned for part two in this video series when Charlie will go over the 3 Things You Can Do in order to be better prepared financially.
Book Reference: The Big Short by Michael Lewis
Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk and there can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this video will be profitable, equal any corresponding indicated historical performance level(s), or be suitable for your portfolio. Moreover, you should not assume that any information or any corresponding discussions serves as the receipt of, or as a substitute for, personalized investment advice from Leading Edge Financial Planning personnel. The opinions expressed are those of Leading Edge Financial Planning as of 08/01/2018 and are subject to change at any time due to the changes in market or economic conditions.