Aug 1, 2022
Summary:
The Fed rate hike is expected shortly, and we’re anticipating and
increase of 75-100 basis points. How much of an impact will this
have on you and your retirement? I chat with Dee Carter, the
President of Carter Financial Group, and he shares his knowledge on
what is coming in terms of rate increases and the recession we’re
experiencing. The most important thing to do right now is put your
money in a place where you can take advantage of the downside when
the market moves back up again. Listen in for more tips on how to
prepare for the future.
Highlights:
-We’re experiencing a dichotomy: there are some things that
indicate a strong recession, but on the flip-side, there are
earnings that are up a bit
-All of the numbers point to the fact that we need to tighten up a
bit
-How long will al of this last? A lot will be determined by what
happens in the November election
-Once we get past the election, we will see a change in the final
quarter. But it could be nine months to a year until we get out of
the recession we’re in
-It doesn’t look like we’ll see rate decreases in the third
quarter
-Interest rates are going up, which means you’ll pay more for your
home
-Nationwide, we could see real estate dropping as much as 10%
across the country
-Demand is going down a bit, but supply is still down
-If you’re considering an electric vehicle, Florida is a great
place for EVs. But this isn’t a convenient option everywhere
-Put your money in a place where you can take advantage of the
downside when the market moves back up again
Useful Links:
Financial Survival Network
Carter Financial