In today’s ever-changing economy, it’s crucial to ensure your financial advisor is up-to-date with current trends and changes. Make sure to switch advisors if communication is lacking or if they are not adapting to market volatility, inflation, and Social Security concerns. It’s recommended to vet multiple advisors before settling on one to ensure a good fit. Be cautious, do your research, and stay informed about recent legislation and policy changes. A good financial advisor should provide tailored, holistic guidance that goes beyond just managing investments. Avoid advisors who claim to predict the market or offer generic advice. Communication and understanding your goals are key factors in a successful financial advisor-client relationship. 1. The stock market reached new record highs today, with the S&P 500 closing at 4,500 and the Dow Jones Industrial Average hitting 35,000. Investors are optimistic about strong corporate earnings and a recovering economy.
2. Hurricane Ida made landfall in Louisiana as a Category 4 storm, causing widespread destruction and leaving over 1 million people without power. The storm has been responsible for at least two deaths and significant flooding in the region.
3. The FDA granted full approval to the Pfizer-BioNTech COVID-19 vaccine, making it the first vaccine to receive full approval in the United States. The approval is expected to boost vaccination rates and increase public confidence in the vaccine.
4. In international news, the Taliban seized control of Afghanistan, taking over the presidential palace in Kabul. The swift takeover has sparked concerns about the future of the country and the safety of its citizens.
5. The United Nations released a report warning of the urgent need to address climate change, citing rising global temperatures and extreme weather events. The report calls for immediate action to reduce greenhouse gas emissions and mitigate the impacts of climate change.
Read more at 1. Tech giant Apple announces record-breaking quarterly earnings, with revenue surpassing $100 billion for the first time. The company also reported a 21% increase in iPhone sales. – finance.yahoo.com
2. Amazon’s fourth-quarter earnings beat expectations, with revenue reaching $125.6 billion. The e-commerce giant’s profits were driven by strong holiday sales and growth in its cloud computing division. – finance.yahoo.com
3. Tesla reports a profitable fourth quarter, with revenue exceeding $10 billion. The electric vehicle maker delivered a record number of cars in 2021, despite facing supply chain challenges. – finance.yahoo.com: 8 Key Signs You Should Switch Financial Advisors in Current Economic Landscape