The truth is, a recession affects everyone. The danger of a recession has your money and business at risk. Wondering what you should do and where you should invest? Not only can you properly prepare and get through a recession, but you can turn the unfortunate economic condition into a profitable experience.
Capitalism has been awry, traditional investments have been dismayed by low returns thus preventing reoccurring profitable historic gains. Also, debt has been on a steady rise globally, producing off balanced gross domestic product statistics in countries all over the world. Unfortunately, most individuals do not have the education or information required to take the necessary steps to protect themselves from certain economic environments. Let’s look at the monstrous stock collapse, seeing the Dow Jones Industrial Average fall by 22.6%. This led to the recession of the early 1990’s. Australia was severely affected by the financial disasters. The savings and loan industry faced severe depreciations, unemployment rose dramatically and businesses shut down. Also, the ‘Great Recession’ that lasted from 2007 until 2009 started off with the sudden bursting of an 8 trillion-dollar housing bubble. This forced cutback in consumer spending. Also, the loss of consumption, along with the financial chaos led to the collapse of; businesses, savings, retirement accounts and investments. In 2008 and 2009 the labor market lost 8.4 million jobs, family incomes fell, poverty rose and a large quantity of people lost their health insurance. A recession will occur, it is not a matter of it, but a matter of when. And when it does happen, will you have taken the necessary steps to protect you and your family?
We have provided secure and profitable solutions for individuals for over 40 years. Our approach is to identify each client’s financial goal and, utilizing our conjoined Asset Managers’ expertise, design a secure portfolio that provides financial peace of mind for you and your family. Our exclusive access to world class financial technologies and information allows our advisors to rebalance your current financial situation, putting you in a secure yet profitable economic state. Building you a safe foundation for you and your family is our top priority.