Much of the headline news recently has focused on Greece and its debt and China and its stock market fluctuations. These events do have an impact on America in ways that do not always have an immediate effect. Many of us have pension funds and annuities that invest in funds that have connections to foreign markets or corporations that invest in them. A possible bankruptcy or disruption in the European Union’s economic viability can have a ripple effect on investors’ returns. Certainly responsible financial managers will maintain careful watch over clients’ funds. However, the intermingling of stocks and portfolios that include EURO based finances will be alert to events in Greece an other EU members which could adversely effect investments.
Likewise the Chinese stock market is seeing serious issues and the Chinese Government has been supporting it with infusions of money. Only the most adventurous and well-off investors or fund managers would be involved at this time. Investing in long term growth is the most consistently recommended strategy for most retirement funds. Diversification is also advised by most authorities as well.
Wise financial manager Igor Cornelsen recommends an element of gold and silver as well as a hedge against stock market fluctuations. Hard currency in the form of silver or gold will give even the least knowledgeable investor a solid foundation for financial security in these changeable times.
Working with a registered and reputable financial advisor is also recommended. These experts are certified and reviews of performance and any censures or disciplinary actions are available online. Making sure the representative is someone with whom you can communicate easily and answers questions easily is also a necessity.
Most important in managing retirement funds, investments or yearly expenses is planning. Keeping track of expenses, saving for unknown circumstances, allowing for possible decline of income from interest and managing resources wisely is perhaps the best method of being financially responsible and secure.