Stay on the Sidelines - Angela Sloan #5598

Summary: There was a big pullback in the markets right before the holiday, and it seems as if the best move right now is to try and protects ourselves. Angela Sloan, Founder/CEO of Sloan Financial, comes on the show to explain the Fed’s next moves. Rates keep rising by more points than ideal, and inflation continues to affect everyone involved. Tune in for more insight on what’s to come. Highlights: -We saw a big pullback in the markets right before the holiday -All we can do right now is try to protect ourselves -The Fed is probably going to raise rates another three quarters of a point—which is their only defense against inflation. It is a domino effect, however. -Energy prices have gone down, but not enough. What happens when the reserves run out? -Inflation affects everyone, and especially those on the lower end of the financial spectrum -Look at your big company value stocks, and if it’s at a good value, it may be the time to buy in -The market is over 400 points today, so there are people buying right now Useful Links: Finanaical Survival Network Sloan FInancial