The Associated Press wrote a news article today titled "Leading Indicators Rise For First Time in 5 Months" Unfortunately this was September data not October data but it is still good news. Deliveries and orders rose by a very modest 0.3% but an increase is still an increase. This shows the economy is trying to grow!! Lets compare that to July with a 0.7 drop and August with a 0.9% drop. However we will still be down between 3-4% for the year.
AP out of DC also had some serious economic news and it wasn't as positive as that from the NY report. They found that only 15 % of those surveyed believe the economy is moving in the right direction compared to the 28% who felt that way just a month ago. With all the Economic turmoil less than 60% are happy with what is happening in their own lives. Everyone from all levels of society are concerned with the economic developments. 1/2 are concerned about their mortgage and credit cards, 1/3 are concerned about keeping their jobs and 70% are concerned about their investments falling and the impact on things like their retirement, medical bills and college costs.
In spite of all the bad news or maybe because of it you need to take positive steps to minimize the impact on you! Protect yourself from any further drops in value. No this does not mean putting everything under your mattress. You need to look at products that do the following things. Protect your principal at all costs, Get guaranteed growth from at least some of your assets currently its possible for a 40year old to get a minimum of 6-7.2% per year increase in Income Account Value, Maintain the upside potential of making more when the economy starts to recover, Make sure you have a chance of beating inflation with your assets so you don't loose buying power over the long term.
We can help you achieve all of these things in you financial arena! Does that sound interesting?
How can we Help you? Get in touch with us or send an email.
website www.columbusfinancialplanningpros.com
e-mail polarisfinancialservices@gmail.com
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