Sep 8, 2022
Summary:
There was a big pullback in the markets right before the holiday,
and it seems as if the best move right now is to try and protects
ourselves. Angela Sloan, Founder/CEO of Sloan Financial, comes on
the show to explain the Fed’s next moves. Rates keep rising by more
points than ideal, and inflation continues to affect everyone
involved. Tune in for more insight on what’s to come.
Highlights:
-We saw a big pullback in the markets right before the holiday
-All we can do right now is try to protect ourselves
-The Fed is probably going to raise rates another three quarters of
a point—which is their only defense against inflation. It is a
domino effect, however.
-Energy prices have gone down, but not enough. What happens when
the reserves run out?
-Inflation affects everyone, and especially those on the lower end
of the financial spectrum
-Look at your big company value stocks, and if it’s at a good
value, it may be the time to buy in
-The market is over 400 points today, so there are people buying
right now
Useful Links:
Finanaical Survival Network
Sloan FInancial