A unique item that is happening in our macro economy, in terms of its impact and the headlines it has been generating, are tariffs. We receive a lot of questions about tariffs, especially those between the U.S. and China, and how they affect our economy and individual portfolios. Well, the not so popular answer is…it depends.
A question that is on the mind of many people is, are we headed for a recession? I’m going to give an answer that may shock you at first…yes. Before you panic, the answer is always yes because our economic system works in a cycle. We will never be absolved from recessions. There is a sense that there will always be a recession out ahead of us.
Fall is here and that means pumpkin everything from carving pumpkins to pumpkin spice lattes and pumpkin pie, everywhere you turn you see pumpkin. Finances are the same way. The topic always seems to be looming in the background. That got us thinking about a question we receive often, “How do I manage my finances?”
In the spirit of the season, managing your finances is a lot like growing a pumpkin. Just like a pumpkin, finances need cultivation to see growth. It takes time and attention to reach your goals but, in the end, it’s worth it.