BISMARCK, ND (KFYR) – As many of you may have noticed with your 401k statements and online portfolios, this has been a tough year for some investments.
It could have been a tough decision for those looking to retire comfortably in 2022. But how bad a year has it been for Wall Street?
“There really was nowhere to hide in the market.
Record-low interest rates reversed as the Federal Reserve fought to control record-high inflation. Some experts expect further rate hikes in 2023.
“If you’re interested in a buyer, if you’re not dealing with cash, I’ll be moving out sooner or later. With cash, you can do whatever you want, but pay as you see fit.” If you want , the rate starts to affect your payouts significantly.” Heartland Investor Services.
In 2022, Russia’s invasion of Ukraine sent gas and grain prices skyrocketing.
“The big, high profile thing that impacted the markets, more specifically the commodity markets – oil and grain – was the Russian invasion of Ukraine. It skyrocketed,” Graner said.
Graner and Wald say it will be important in 2023 to reach out to financial advisors to see where investments are and where they will be positioned next year.
“Talk to their advisors, talk to their experts and get a game plan for 2023 from there, so that if 2023 has a rocky start or things turn around, You can be prepared, both,” said Wald.
As we close the books in 2022 and look to 2023, the jury is still out on how markets will react to higher interest rates, and how commodity markets will react. . Both advisers said inflation will play a big role in the shape of 2023.
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