Reeling from a worldwide pandemic, supply chain disruptions, and global conflict, global economies have felt the strain. In October 2022, global inflation reached 12.1%, with some countries faring worse than others. Not only does inflation make it hard for businesses to be successful, but it makes it extremely challenging for individuals to maintain their financial standing and continue building their portfolios. Though these hurdles are difficult to navigate, they are not impossible.
Proper asset management and investment strategies are critical throughout inflationary periods. During times of economic uncertainty, noise in the news and panic in the markets can be overwhelming, making it difficult to know how to make the best decisions for your future. With the right resources and expertise by your side, these decisions can become much more manageable.
At Hewwest, we take our clients’ successes personally. As experts in investing, risk management, financial advisory, wealth management, and stocks and trading, we are uniquely skilled to help you make the most of the current economic times. Whether you’re looking to manage personal assets or business assets, your portfolio is safe with us.
Although no two investment strategies will look the same, by making the right diversification decisions and taking calculated risks, this downturn does not have to have a negative impact on your financial situation. Often, when the market takes a dip, the best approach is to see it as an investment opportunity. Assets are trading lower than normal, and as the market recovers, the potential gains are massive.
When it comes to tangible assets such as real estate, inflation makes the landscape even more complex. Many governments are aiming to slow inflation down by raising interest rates, making borrowing money more expensive than it has been in a very long time. Ensuring the proper amount of liquidity will help you stay nimble and able to invest when the time is right, without assuming too much liability from high debt costs.
Fortunately, global inflation is starting to slow down, and signs of economic recovery are beginning to appear, making this the perfect time to be bold, yet calculated. Fuel prices are dropping, commodities are becoming more affordable, and purchasing power is slowly starting to recover. Navigating the current landscape will take patience and expertise, but data shows a promising recovery.
The worst thing to do would be to panic or begin feeding into the hysteria that many other investors are falling into. Level-headed approaches will prevail as is always the case during times like this. History has shown us again and again that now is not the time to panic, but rather, the time to invest wisely.
Full economic recovery on a global scale is just around the corner and when it does recover, you can either look back on these times with a sense of accomplishment or a sense of frustration. To achieve the former, partner with trusted experts, and turn this difficult situation into an opportunity.