IN THE NEWS
How do we set up a healthy portfolio while the government is in gridlock and conflicts rage in the Middle East and Ukraine? For this month’s blog, I had the chance to sit down with Erik Davidson—the former executive director of investments for all of Wells Fargo.
What we need is a coach, a trainer, an advisor. Someone to be there, pointing out the goals and keeping us on track. Whether it is a life or business event that changes our financial fortunes, we need a healthy plan. A plan that is monitored and adjusted for you as you grow.
The yield in long- and medium-term bonds has become attractive, as have short-term treasuries. While the outlook for the foreseeable future is complex and will see an elevated amount of conflict in the world, we can expect more stability as we move from a post-pandemic aftermath to a more ‘normal’ state.
As we come to learn sooner rather than later, money is a magnifier of our already existing state. If we are healthy, it allows us to increase our health. If we are unhealthy, it allows us the opportunity to be more unhealthy.
Clients come to me all the time with wonderful news of large bonuses, an initial public offering, inheritance, or the sale of a business or home. If we have our plan up to date, with the client goals established and functioning, this is a strong transition that just leads to more options.
I am referred clients who often at times don’t know what to do. When their net worth doubles in an instant, now more than ever it is essential to establish your goals together with your family. Spouses work together to set their objectives to what they want as a healthy lifestyle and an enjoyable life.
Then, we can set up a plan to meet many of life’s obstacles and get our feet moving toward those goals.