In this episode of Your Investment Partners, hosts Garrett and Paul discuss practical steps to prepare for a market downturn while the economy is thriving. They explore strategies like reviewing emergency funds, optimizing portfolio allocations, and managing debt to maintain financial resilience. The conversation also highlights the importance of aligning investments with personal goals, maintaining a diversified portfolio, and using strong markets as an opportunity to enhance savings and generosity. Whether you're planning for retirement, navigating career changes, or simply looking to safeguard your finances, this episode offers actionable advice to keep you on track.

Key Points From This Episode

• Understanding the inevitability of market corrections and long-term financial planning.
• Reviewing and adjusting emergency funds to suit current life circumstances.
• Avoiding the psychological trap of portfolio “high water marks.”
• Realigning portfolio allocations, including stocks, bonds, and international investments.
• Rebalancing and diversifying across asset classes and company sizes.
• Evaluating and reducing debt levels during favorable market conditions.
• Using strong markets as an opportunity to increase savings habits.
• Exploring charitable gifting and intergenerational wealth transfers.
• Revisiting spending habits to ensure resilience in future downturns.

Want to learn more? Contact us here

Useful Links

Garrett on LinkedIn

Paul on LinkedIn

Ascend Investment Partners