As an investor, you want to get the biggest return as possible for your money. That return depends heavily on the economic environment and how you position yourself. In this episode of The WealthBuilders Podcast, CERTIFIED FINANCIAL PLANNER™ Chad Frantzen shows you how to evaluate and maximize your investments in gold, real estate, stocks, and crypto in light of what he predicts the economy will do in 2023.
Key Points:
- Inflation has peaked and is slowly decreasing. However, this could indicate double-dip inflation in 2023–when inflation dips for a period only to rise to a higher rate.
- Double-dip inflation occurred during two major periods of high-inflation in The United States— following World War 2 in the 1940s, and in the 1970s when President Nixon took the country off the gold standard.
- If you want to manage your resources well, expect for inflation to rise.
- In 2022, stocks have been in a bear market, which means they are down more than 20 percent.
- Jerome Powell and the Federal Reserve are going to keep raising rates more than they really want to. The job market is pretty strong right now and the economy is still to hot to lower rates. If they did, it would exacerbate inflation. So, we want to buckle up for 2023. I think we will see a full blown recession in real estate prices and the stock market.
- A democratic White House and a republican House of Representatives (what we have now) is good for the markets. It creates gridlock, which (hopefully) means no egregious spending bills.
- Gold holds its value and makes for a great investment. However, it doesn’t pay dividends and is only part of a healthy, diversified strategy.
- To maximize your investments, evaluate your portfolio and look for good opportunities to purchase hard assets. You make money when you buy, not when you sell, so buy low.
For more, listen to the corresponding episode of The WealthBuilders Podcast here. Chad Frantzen (CFP) will be one of the speakers at The 2023 WealthBuilders Conference. He will teach you how to protect your business and financial resources in any economic climate. To learn more about the event and how you can register, click here.
