The Clark Howard Podcast
04.15.25 Ask An Advisor With Wes Moss
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.
42:37
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Quick takeaways
- Investors must maintain a diversified portfolio to navigate market volatility effectively and ensure long-term financial stability.
- True happiness in retirement significantly stems from fulfilling relationships and engaging experiences, rather than merely financial wealth.
Deep dives
Understanding Tariffs and Market Impact
The discussion centers on the recent volatility in the financial markets, heavily influenced by the imposition of tariffs by the United States on various countries. Tariffs, which are effectively taxes levied on imported goods, create economic uncertainty and can lead to unpredictable fluctuations in stock prices. Examples include a recent period where markets experienced both a significant decline and a record third-best day since World War II, underscoring the erratic nature of investor reactions to these developments. Education around tariffs is essential, particularly as misconceptions arise about their nature and effects, with individuals misunderstanding them as 'people' rather than financial instruments.
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