Ryan addresses the concerns of a complete and total market crash on this edition of Apex education.
Many people are worried about what is going on in the world, what is going on in the markets, and most importantly how this will impact their financial situation.
As we all know the war in Ukraine is causing a great deal of volatility both internationally and here at home. The uncertainty with the war is causing great concern for our markets in the US.
In addition to the volatility in the market, gas prices are also at historic highs. Many people are hoping that the current administration will do something to help alleviate the record high gas prices. However, it is unclear what they will do if anything to help offset the cost of gas. Many has suggested a temporary hold on gas taxes which would significantly offset prices per gallon, but no one honestly believes that the government would ever do something so rational.
Ryan urges his clients to make sure that they are not taking any more risk than they need. That is why it is so critical to identify the income gap and allocate however much funds needed to bridge that gap with a safe secure guaranteed product. This way if the market were to collapse, a chunk of someone’s portfolio would be safe and secure.
They would have the confidence and peace of mind of knowing that they will be able to draw on a guaranteed income stream regardless of market volatility.
If you haven’t already done so, make sure to sit down with a professional who can show you exactly how much risk you are taking and what would happen to your portfolio if we were to encounter another 2008 like market crash. God bless