We’re in the midst of what might be called a financial boon: the stock market is at an eight-year all-time high, unemployment rates are at their lowest in ten years, and similarly mortgage rates are at their lowest of the year. Seems like nothing can go awry, right? Wrong.
Consumer overconfidence often leads to poor financial decision-making. In economic conditions like this, you’re more likely make impulsive and shortsighted decisions, like shifting investments to assets that are stock market dependent or overspending because there is plenty of money to go around. While you may be inclined to think this is when you least need financial guidance often this is when you make the biggest mistakes making financial decisions on your own.
When your financial professional is proactive in their approach to managing your finances both in healthy financial times and during financial struggles, it can ultimately help you achieve your long-term financial goals.
We can help you take emotion out of your decision-making process. Complete the form below to set up a complimentary consultation with an financial professional today.