2021 Year in Review

Click the play button to hear the episode or skip around to certain topics!

As 2021 comes to an end, what can we learn from this year? On today’s episode, we’ll discuss some of the top headlines and predictions of this year. How many of those predictions turned out to be correct?

It’s hard to believe that 2021 is coming to an end, but it is. A lot has happened this year!

Headlines impact financial decisions a lot and therefore the market. The stock market in the short run is unpredictable. Look at financial predictions made last year. How many of those are true, today?

As we’ve seen with COVID variants, the market fluctuates depending on current events. What we eventually thought would be a three-year process for a vaccine ended up being a lot shorter. Therefore, market predictions changed again. With the vaccine came a lot of perks. The economy was opening back up. Yet, with this “return to somewhat normal” came supply shortages and inflation.

Is this inflation permanent or transitory? For almost an entire year we’ve heard from politicians and media professionals that it’s transitory. But now they are changing their tune.

A surprise to many was the drop in the workforce. A shortage of workers can lead to all kinds of problems, including inflation. There is some good news though, Social Security checks will compensate for this rise and will be going up. But look out for increases in your Medicare premiums too.

The only prediction we can make in confidence is that there is going to be more news. Here’s the bottom line: we always need to be prepared. We can do that through diversification. If inflation is high, you need assets that will respond well. If it’s low, you need protected assets. Working with your advisor to diversify according to your risk tolerance will be important going into 2022.

 

Listen to the full episode to learn more or skip around to certain topics.

[1:06] 2021 is coming to an end

[2:47]Highlights, headlines, and predictions

[3:47] Let’s not put too much pressure on 2022

[5:24] Making financial decisions based on the news

[7:30] COVID impacting the market

[10:27] Is this inflation permanent?

[14:00] Political review of 2021

[15:13] Being prepared for the next year

[17:03] Investments in crypto currency

Share the Show, Share the Knowledge!

Facebook
LinkedIn
Email

ABOUT YOUR HOST...

Donald W. Cash – CPA, CFP®, is an independent advisor. After graduating from Rutgers University, he began his career in 1985 as an accountant. In 1990, he entered the field of Estate Planning, concentrating on long-term care planning. Don has been advising clients in the baby boomer and retirement market for 20 years. He has helped over 1,000 families with their planning needs.

Don advocates for a holistic approach to Estate and Financial Planning and has relationships with other professionals including Attorneys, CPA’s, Mortgage Specialists, Insurance Specialists and Asset Managers.

He is married to Cathy and they have 4 children, Carly, DJ, Nick and Tori. They live in Freehold, NJ.

Don't Stop Here...

The Cycle of Investor Anxiety

How do we overcome the cycle of anxiety we face as investors? On today’s episode, Don breaks down the 5 stages of investor anxiety and how we can overcome these obstacles in today’s world.

Inflation, Interest Rates, and Investment Volatility – Part 2

It seems like all the talk lately as been inflation, interest rates and investment volatility. Every time you look at the news you see rising inflation numbers, gas prices seem to have actually gone up again and the stock market has been crazy volatile. Add in another interest rate increase by the Federal Reserve and the list of issues gets longer and longer. We didn’t have enough time to dig deep into all of these things so, let’s see if we can make some sense of what’s going on and what we can do about it.

WAYS TO CONTACT

(732) 784-2867

don@donaldcash.com