Wealth Within: Is the next US recession looming?
NEW YORK, Nov. 27, 2017 /PRNewswire/ -- According to the latest economic report by Moody's Analytical, most U.S states are not prepared for the next recession, which some economists say is not only looming but overdue.
The report further states that it has been eight years since the last economic downturn, making it the third longest expansion period in US history.
This raises some interesting questions, says Dale Gillham, Co-Founder and Chief Analyst for Share Market Education firm Wealth Within. He argues that "if the state is not prepared for the inevitable recession, then most likely mums and dads aren't either," says Gillham.
So then the question is that in the face of recent market factors and a possible recession in sight, what can the mum's and dad's do about improving their situation?
Quite simply the best forward planning is looking back and learning from the past. For example during the great depression the DJI rose around 380 per cent from 1932 to 1937. In short, recessions spell opportunity rather than fear.
"We are seeing a growing trend, not just in the US but internationally, toward individual responsibility when it comes to people securing their financial future," he says.
"Being financially secure in a downturn is more about having long-term plans for your investments as well as a savings buffer," Gillham says.
"What stops most people is a lack of know-how and the fear of making costly mistakes."
"Having seen first-hand the effects of poor investment choices, and lack of financial know-how, we have created an affordable education program to help tackle this problem and empower new investors entering the share market," Gillham added.
Wealth Within has been credited with the leading share market trading and investing education programs used widely throughout Australasia, with their Diploma of Share Trading and Investment gaining full accreditation from the Australian Government - making it one of the leading share trading/investing courses available anywhere in the world.
Wealth Within provides share trading education across the Asia Pacific rim and has launched in the U.S. more recently - providing new access points to share market education for traders and new investor alike.
With a possibility of a recession looming, the demand for financial education and solutions for future financial planning has never been more essential.
For more insights log onto www.wealthwithininstitute.com.au
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SOURCE Wealth Within Institute
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