There are recessions and there are depressions, and no crystal ball can tell you what’s coming next…

In this episode, Charlie Massimo and Peter Anastasian discuss the possibility of a future depression and the factors that could contribute to it. They explore reasons such as demographics, healthcare costs, and the difficulty of cutting social security benefits. 

While emphasizing the importance of financial preparedness and caution against unnecessary risks, they also discuss the US national debt and the global nature of the potential depression. Charlie and Peter stress the need for investors to work with fiduciaries who prioritize their clients’ best interests. 

Peter and Charles discuss: 

• The importance of working for investors with fiduciary responsibility in their client’s best interest 
• Rising healthcare costs and its impact on the economy
• Difficulty of cutting social security benefits and entitlement programs
• Importance of financial preparedness and caution against unnecessary risks
• US national debt and the global nature of the potential depression
• And more

Connect with Wealth Enhancement Group:

• 1-631-777-1030
• Wealth Enhancement Group
• LinkedIn: Charlie Massimo
• LinkedIn: Peter Anastasian

Disclosures

The opinions voiced in this recording are for general information only and are not intended to provide specific advice or recommendations for an individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision.

Any company names noted herein are for educational purposes only and not an indication of trading intent or a solicitation of their products or services.

All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

All investing involves risk including loss of principal. No strategy assures success or protects against loss. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.

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