Inflation headlines are the norm these days. It didn’t come as a surprise to many that after months of being told the current inflation crisis was transitory, Federal Reserve Chair Jerome Powell announced that we can expect high inflation to continue through 2022. What may have seemed like a slight inconvenience at first is now becoming a much larger issue as prices keep soaring with no clear end in sight.
As we enter 2022, we are nearing the two-year mark of the COVID-19 pandemic that shook global economies and markets; and as new strains of varying concern continue to emerge, some are wondering if this will transition from being a pandemic to an endemic. Only time will tell, but for now, we know the official “return to office” remains elusive, supply chains remain constrained, demand remains exceptionally strong, and global central banks are starting to rein in their ultra-accommodative monetary policies.
We have no lack of options these days. Whether it’s choosing a restaurant or finding a doctor, there are so many choices that it’s easy to feel overwhelmed and doubt your decision. When it comes to choosing a financial advisor, the stakes are even higher. How do you know which one will be the right fit for your situation or personality? How do you know if you’ll like them or work well with them?
Life, even in normal times, is full of change. Then we have a wild year like the one we just walked through and it’s hard to remember what the world was like pre-2020. Thankfully, you don’t need to lose sleep over (nor can you control) inflation, supply chain issues, or the other crazy headlines we see daily.
It’s not an easy decision to find a professional you can trust to help you navigate your financial worries and hopes. Whatever it was that propelled you to consider asking for help, we want you to know that we at JGP Wealth Management are your advocates. We put you first—always—and strive to guide you toward a strong financial future, tailoring our services to your unique needs.
While there is plenty of valuable financial advice that you would do well to follow, such as the importance of living within your means, managing risk, and investing for the future, if I could give just two pieces of financial wisdom, it would be to pay yourself first and to take emotion out of your financial plan.