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Today, Chris invites Wealth Advisor Bruce Tyson to The Financial Commute. Bruce brings over 40 years of experience in the financial services industry. He says many investors are fearful because the stock and bond market dropped significantly this year and are under the impression that it will only worsen; however, Bruce thinks the markets will inevitably recover like every other economic downturn he has witnessed.

Bruce says the Federal Reserve wants to show strength by hiking up interest rates to moderate inflation, since they didn’t raise rates in 2021, when some people like Larry Summers (former U.S. Secretary of the Treasury) thinks they should have.

Bruce encourages listeners to consider high-quality companies with good balance sheets that are generating cash flow. When it comes to bonds, Bruce warns investors  about triple B bonds—just because they’re investment-grade does not necessarily mean they are of quality. He also discusses gold as a diversifier as it has gone up in price in terms of foreign currencies.

In times of volatility, stay patient, evaluate your needs, and work with your advisor to diversify your portfolio with high-quality investments.

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Check out past episodes of The Financial Commute below:

Ep. 7 Restoring Stability in the UK

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New episodes of The Financial Commute released every week.

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Disclosure: Information presented herein is for discussion and illustrative purposes only. The views and opinions expressed by the speakers are as of the date of the recording and are subject to change. These views are not intended as a recommendation to buy or sell any securities, and should not be relied on as financial, tax or legal advice. You should consult with your attorney, finance professional or accountant before implementing any transactions and/or strategies concerning your finances.

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