Federal Reserve, Inflation and the Economy
Jerome Powell is known to be a proponent of printing money. And as debates on him heading the Federal Reserve come to the surface, you might, as investors, find it easy to be wooed by headlines and make your financial decisions out of emotions (and break away from the numbers game).
In this episode of the Secure Your Retirement podcast, we discuss why investing out of emotions could be a bad idea and why instead, you need to go by the numbers and experience when evaluating the financial market. We also resolve your conflicts on the state of the economy if Jerome Powell becomes the Federal Chairman for the upcoming four years (in short, we'd say it really shouldn't matter to you as an investor) and how to secure your investment against any possible inflation (if it may).
In this episode, find out:
- Two aspects of your finance that need to be actively managed right now to secure your retirement: Your investments in the market and your overall retirement plans in the market.
- The three major categories of finances of the Federal Reserve: Equity, Stocks, and Cash.
- Why you need to keep your emotions away for effective investing and retirement planning
- Inflation and the Economy: Why the results of an election are mostly never an indication of how the financial markets will perform
- How the two of us separate the emotion from the reality of what's happening in the market
- Why shift is inevitable in the financial space: While during the pandemic, only large-cap companies like Amazon, Zoom, and technological companies were blooming, now, many small-cap and mid-cap companies have started to recover and thrive too.
Tweetable Quotes:
\u25cf "For the people that believe printing money is going to produce a good return in the market, that has a lot of people excited. Now, there's another side that says this idea of printing money is not good, long term. And it's going to create big time inflation."- Radon Stancil
Resources:
If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
To access the course, simply visit POMWealth.net/podcast.