Where Is The Economy Headed?
And what does it mean for you?
What happens in the short-term to global economies is largely unpredictable. Think back to 2019.How many talking heads were talking about a global pandemic and substantial shutdowns? Exactly.
Once you have established long-term financial goals in your financial plan and committed to a suitable rate of savings, all that matters is achieving the rate of return that will accomplish those goals. And to do that, we invest, not in economies, but in ownership shares of the greatest companies in the world.
One common trait of great companies: They innovate and adapt to whatever the world throws at them, and find ways to grow their earnings. If they don't, will be removed from your portfolio, and replaced with a better company.
My bold prediction? That will continue throughout our lifetimes, regardless of what happens with global economies.
You have been granted permission to ignore economic forecasts!
August 05, 2021