With 2024 only a few days away, investors are gearing up to adjust their portfolio for potential Federal Reserve rate cuts.
NewEdge Wealth Senior Portfolio Manager Ben Emons joins Yahoo Finance Live to explain why investors won’t want to be in cash once the Fed starts cutting rates.
Emons points out that there is a lot of money sitting in money market accounts in a bid to take advantage of higher interest rates, saying “”there is something about cash that still adds income to your portfolio, but then it does get different once the Fed does start lowering rates,”” adding that the cash can be used to take advantage of different opportunities.
When it comes to risks in 2024, Emons warns of “challenges” in the US House and Senate, including concerns about international aid, spending cuts, and the 2024 election. Internationally, Emons notes the geopolitical tensions in the Middle East.
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#fed #jeromepowell #yahoofinance
Isnt the biggest risk a repeat of the 1970s in terms of multiple recessions due to runaway inflation?
Danger is not getting in early… $OMI $MYRO $VRA $GRT
cash was trash in 2023, yall just missed it
I’m 49 and earn about £500k ($550,000) annually and save about 30%, I’ve been reading a lot of articles mentioning how worthless ‘cash savings’ are in this current unstable economy. is it better to Invest my savings in real estate or stocks?
A consistent 5% return from the bank and US securities sounds better to me than worrying about losing your money if the stock market falls. Also consider financial advisory with the size of your budget.
@bubsybae No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
@@janbechler that’s a double up in two years! seeing a lot of news on the rally, investors will make tons of profit with the right picks. would you mind disclosing info of this person guiding you pleas? my problem is I do not trust my guts in today’s mkt
Can’t divulge much, I have my portfolio overseen by a California-based wealth advisor ”Monica Selena Park” she’s well qualified and established. I’d suggest you research her further on the internet
I appreciate this share. I set up a call. I am keen on getting to talk to her particularly. Lady looks really great though even with the exams and other stuff.
Digital Transactions!