We’re at war – but with who?
So we bombed Syria yesterday. What does this mean to you?
Will Syria retaliate? Sure, but will that affect the average US citizen, and in what way? What actions could Syria take that would matter to Americans on US soil? Well barring small scale terrorist-like attacks, not much. But what if Russia feels obligated to respond as protector of the current Syrian leader? This could get dangerous. While as far as we know, Russian military strength aint what it used to be, it is still formidable, and an entirely different animal then the meager defenses of middle eastern states that we’ve been harassing for over a decade.
It is likely that we will find out soon, the path Putin decides to take. We should all hope that it is one of condemnation without escalation. If it goes to escalation, we are all in for a long, bumpy ride – or worse.
In these situations, I find it best to control what you can, and don’t freak out about what you can’t.
What can you do to minimize the personal damage to your well being?
Make sure that you’re hedged against the most likely outcomes – whatever you feel those outcomes are. If you own stocks, maybe you want to move some investment into stocks that will increase in value if another cold war fires up. If you are invested in gold, maybe you buy more. If you like real estate, maybe you invest in areas that will have a growing economy in these situations (military base towns). Maybe you invest in firearms, sugar, penicillin, and iodine.
Whatever your future vision consists of, if you do not have the flexibility to do what you want with your money, you are not prepared. How can you possibly prepare for the worst if you are represented financially by someone who has their own best interests in mind rather than yours?
Take some time to think about your future plans. Does your current financial road map lead you to your future goals? Is your adviser on the same page as you? Why don’t you take control of your retirement savings and your future with you at the helm.
Call Longboat Retirement today for a free No Pressure conversation. We are not salesmen who work off of commission, so don’t fret that you’ll talk to some fast-talking, slimy sales person who wants nothing but to close the deal. Frankly, we don’t care if you decide to go another way – it’s your money, do as you wish. Call anytime, or visit our website to see what we’re all about.