Duncan cites Russia’s war against Ukraine, Covid and potential supply shocks as wild cards that could propel commodity prices upward. That said, with the Fed’s continuing tightening, the more probable scenario is that the dollar will continue to move upward, and commodity prices continue to move lower. These factors will continue to weigh on global economic growth, corporate earnings, and equity markets across the world. Duncan believes that investors should anticipate more pain ahead.
Guiding Your Retiree Clients
If you have clients who are retiring now or in the near future, think carefully about the potentially devastating impact they could suffer as a result of unmanaged timing risk. Said differently….manage it! It is one of the easiest risks to mitigate. I created a three-minute video that illustrates the importance of taking action. In terms of timing risk, today’s conditions are the worst possible for retirees who are unprepared. That said, with properly arranged product allocation, clients will glide through today’s uncertainty unscathed.
My sincere thanks to Richard Duncan for letting me share information from his brilliant video newsletter Macro Watch. I urge financial advisors to consider subscribing to Macro Watch. It is an absolutely unique and valuable resource, one that I could not do without. Duncan’s new book, The Money Revolution: How to Finance the Next American Century ought to be read by every American politician and policymaker.
Wealth2k founder David Macchia is an entrepreneur, author, IP inventor and keynote speaker whose work involves improving the processes used in retirement income planning. Macchia is the developer of the widely used The Income for Life Model, and the recently introduced Women And Income. He has written many articles on the subject of retirement income planning. He is the author of two books, Constrained Investor, and Lucky Retiree: How to Create and Keep Your Retirement Income with The Income for Life Model.