Episode Ep 26 July 13, 2022 41 min 57s

Quarterly Market Recap & What You Should Be Doing Right Now

From Off The Wall Monument Wealth Management

Are you wondering: Are we in a recession right now? How is the current market affecting my long-term wealth management plan?

We're going to answer those questions and more in this episode of Off The Wall with hosts David Armstrong and Jessica Gibbs, and Portfolio Manager Erin Hay.

Listen in to this quarterly and year-to date market update for 2022, as they break down how a well-constructed wealth management plan can give you confidence (even during a recession), whether or not we're in a recession and what to do (and not do) about it, and the wealth management strategies we're using that WORK in the current environment.

"This is your moment… to stop winging it, to get out of your own way, and basically become a more skillful steward of your wealth." – Jessica Gibbs

Episode Timeline/Key Highlights:

[01:59] Introducing the topic of today's episode

[03:03] A mid-year review: What should be in everybody's wealth management plan in 2022?

[05:20] How we use Monte Carlo Analysis to stress test our clients' wealth planning scenarios

[10:34] Newly retired or close to retirement? Here's how you need to plan for it and why you need an Investment Policy Statement regardless of the stage of life you're in.

[13:06] What to do if you don't have a wealth management plan.

[14:37] US Market Update for the second quarter of 2022 and year-to-date

[18:06] Are we in a recession?

[26:48] Should I invest in stocks (for the long-term) right now or save in cash?

[30:49] 4 things that can help us determine the market bottom

[32:42] Wealth management strategies Monument used this year that WORK

[37:10] Parting thoughts & Words of wisdom: Cryptocurrency & Possibilities vs probabilities of markets going up/down

Relevant Resources & Episodes Mentioned:

Listen to the Off the Wall episode with Dr. Daniel Crosby: https://bit.ly/3Ru9zpJ

Connect with Monument Wealth Management:

Visit our website: https://monumentwealthmanagement.com

Connect with us on LinkedIn: https://www.linkedin.com/company/1137603

Connect with us on Facebook: https://www.facebook.com/MonumentWealthManagement

About "Off the Wall":

Off the Wall is a podcast aimed at helping you answer the questions: What is the point of my wealth, and what actions can I take to accomplish that purpose? Your answers to those questions will be different from everyone else's. As Wealth Managers, we're skilled at helping our clients think through these challenging, but important, questions.

Learn more about our hosts, Dave and Jessica on our website at https://monumentwealthmanagement.com.

Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures.