The Clark Howard Podcast 04.15.25 Ask An Advisor With Wes Moss
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Apr 15, 2025 Wes Moss, a fiduciary financial advisor, shares insights on navigating market volatility caused by recent tariff announcements. He provides valuable lessons from both market meltdowns and recoveries, emphasizing the importance of a balanced investment strategy. Additionally, Wes discusses findings from the Mappiness Project, revealing the top activities that boost happiness, like maintaining close relationships and enjoying warm weather. He also answers listener questions on retirement planning, showcasing his expertise in creating financial confidence.
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Market Volatility and Tariffs
- The stock market experienced a meltdown after the tariff announcement, followed by a significant rebound.
- This volatility highlights the importance of balanced investing and patience during uncertain times.
Tariffs Explained
- Wes Moss's son asked who the "tariffs" are that we're at war with, illustrating the confusion surrounding the topic.
- Wes explained that tariffs are taxes on goods, impacting people like a "trade war."
Balanced Investing
- Maintain a balanced investment portfolio with a portion in equities and a portion in safety assets.
- Stay diversified, keep dry powder, and remember that headlines are temporary while financial planning is permanent.