In this episode, The Annuity Man and Adam Van Wie discuss:
- Being both analytical and tactical
- Does the market care about politics?
- Putin-proofing and pandemic-proofing your investments
- Two questions to ask your advisor
Key Takeaways:
- You need to be analytical and strategic, investing in the long-term while at the same time looking at short-term trends and figuring out how you could avoid losing, knowing what could happen in the short-term.
- The market doesn’t care that much about politics. The market has gone up historically on both sides; it isn’t as related as people think. However, there are specific policies that one side will do that will affect certain investments.
- The pandemic changed everything, but not every change was bad. The transition to webinars and online meetings has the upside of being able to save a lot of people’s time.
- Ask your advisor if they are a fiduciary or if they are putting their client’s best interest ahead of themselves. Then, ask them how they are getting paid because there wouldn’t be any reason for them to hide it if there’s nothing wrong with how they’re getting paid.
"For those of you that this is the first time you’ve experienced any real volatility - if you have more than five years to invest, I would double down, buy more. Long term, American companies have a natural inclination to increase their profitability, and that’s what drives stocks in the long run. It’s a little bit of a rigged game, but it’s rigged in your favor." — Adam Van Wie
Connect with Adam Van Wie:
Website: https://vanwiefinancial.com/
Facebook: https://www.facebook.com/vanwiefinancial/
Instagram: https://www.instagram.com/vanwiefinancial/
LinkedIn: https://www.linkedin.com/in/adamdvanwie/
Connect with The Annuity Man:
Website: http://theannuityman.com/
Email: Stan@TheAnnuityMan.com
Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work
YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g
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