When it comes to wealth and investment management, you should never get advice from politicians. It’s been almost seven years since the last global economic crisis, and we’ve actually gained significant ground since then. In fact, since the weekend when Lehman Brothers filed for bankruptcy in mid-September of 2008, the total return on the S&P 500 of 93% completely outperformed gold, which rose to a whopping 52%.
The Government’s Scare Tactic
However, politicians—from both the Left and the Right—are spinning economic doomsday stories to this day. They use the economic troubles of both China and Greece to feed the public with constant fear of economic plunge, sometimes causing investors to make bad investment decisions. And when their fear tactics work, both sides of the political spectrum can push on with their plans of more government intervention.
But based on what’s been happening in Greece lately, do we really want the government to have complete control over our stocks, bonds, and finances? We’ve been seeing the nation’s economic woes all over the news, so we should be aware that further government intervention can put a dent in or, worse, wreak havoc on our economy. If we want more sustainable economic growth, we should not let the government or media influence our decisions when it comes to financial matters.
Fighting the Culture of Fear
For sound investment advice, you should seek the help and guidance of experts like AOG Wealth Management – providers of wealth management services to investors in Reston and the surrounding area. Investing, managing finances and planning for the future can be intimidating for some. It requires a lot of time, effort and careful planning to ensure all your assets (e.g., real estate properties, bank accounts, stocks, bonds, pension, life insurance, and other investments) are well managed and properly arranged to be in line with your financial goals.
After keeping track of all your assets, you can invest and opt for a wealth expansion program, which experienced Northern Virginia wealth advisors like AOG Wealth Management can help you with. You can also set up an estate plan to make sure that all your assets will be inherited by the individual or individuals you wish to give your property to in the event that something untoward happens to you.
For a strategic diversification of your wealth and assets, call our advisory team at AOG Wealth Management today!