On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski welcomes Wealth Advisor Jenn Caruso to discuss recent financial headlines.
Here are some key takeaways from their conversation:
- The Dow Jones and NASDAQ have reached new highs; however, clients and consumers feel nervous.
- Clients often react emotionally to investment performance, wanting to sell underperforming assets and buy high-performing ones.
- Jenn and Chris emphasize the importance of rebalancing portfolios and diversifying investments to manage risk, avoid chasing growth blindly, and align one’s portfolio with their personal goals, not just trends.
- Consumer behavior has shifted due to inflation; more people prioritize value over luxury.
- Credit card balances are near all-time highs, and personal savings rates are down, reflecting financial strain.
