My focus over the past week has again returned to the upcoming Federal Reserve meeting as we plod along the ever present, interest rate highway. Early bets are being made that we will see another ¾ point increase in the base rate, as the inflation bubble remains extended. It seems the Fed is intent on telegraphing this next move to get ahead of any additional headline risk the actual move in rates may cause. I can appreciate the transparency they are attempting to operate upon as it does indeed help to ease some of the uncertainty and overall market anxiety. After several down trending weeks, we finally caught a breather with a bit of a relief rally over the last few days. While the recession specter remains ever present, the consensus of many economists seems to have this pushed out into 2023 or beyond. The more I read and the longer this uncertainty lasts, the more the opinions seem to vary.
I have been asked to peer into our Mosaic “crystal ball” during several of our recent meetings for signs of what the next few months might bring. The answers and direction we all seek remain elusive which I know is frustrating on many levels. When I think about our planning and investment discussions, I’m thinking about following questions as they pertain to you and your specific situation.
- What keeps you up at night?
- What is most important to you at this stage in your life?
- What do you envision your future or present retirement lifestyle to look like?
- How have your past experiences or your current perspective shape your investment decisions?
This list could stretch much longer but I think you understand the intent. We don’t possess the proverbial “crystal ball” we are ALL in search of, however, we can help guide through this process with the knowledge and information we have at hand today. We won’t have all the answers today, but with time and preparation, the solutions to these questions can become much clearer. Today, in this moment, we are living through the repercussions of easy money and low interest rates. As the post Covid and economic world resets we must remain patient, yet persistent. I had the opportunity to go white water rafting many years ago and a few rules or guidelines were hammered home by our guide. Always keep your lifejacket on, do your best to remain in the boat and don’t stop paddling for any reason or the fast-moving waters could tip us over. Our financial waters will calm again. Our goals as your financial advisor (guide) are to keep you in the boat (invested), with lifejackets on (diversified) and paddling through the rapids (goals)!
Don’t forget: Our Shred-it event is October 8th, from 9am until 12pm!
Christopher E. Wasson, CFP®
Mosaic Asset Partners, LLC
1122 Kenilworth Drive, Suite 310
Towson, MD 21204
410.821.0089 fax 410.821.5993
Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. Mosaic Asset Partners, LLC is not affiliated with Kestra IS or Kestra AS.
The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra IS or Kestra AS. The material is for informational purposes only. It represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. It is not guaranteed by Kestra IS or Kestra AS for accuracy, does not purport to be complete and is not intended to be used as a primary basis for investment decisions. It should also not be construed as advice meeting the particular investment needs of any investor. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security.