The U.S. economy is in uncharted territory. There is no point in history we can look back on which has the current unique set of circumstances. What should investors do with rising interest rates, robust corporate profits, massive tax cuts and a self-inflicted trade war? In this ColoradoBiz Magazine article, Kevin McNab explores the current unusual set of circumstances facing investors. The real question is, “What will happen to your financial dreams when the markets punch you in the mouth?”
Mike Tyson was a fierce boxer with a savage killer instinct, known more for his antics and brawling than for his eloquent words. That is an understatement. Prior to a fight with Tyson, challenger Tyrell Biggs told reporters he had a plan for winning the fight. When asked about this, the Los Angeles Times reported Tyson’s famous response:
“Everyone has plans until they get hit for the first time.”
Although this is an old fighting adage, it can be applied to multiple situations in life. This may not be truer than where we are now with the stock market. For the investors who actually have a plan, there is not a playbook for rising interest rates, robust corporate profits, massive tax cuts and a self-inflicted trade war. How are current conditions going to punch your investment portfolio in the mouth?…READ MORE!