Successful Money Strategies offers a full service and unique financial planning experience focusing on a holistic approach encompassing virtually all of your money issues. Located in Fall River - the heart of the Southcoast, our clients are located all over Southern New England as well as New Hampshire, Maine, and Florida.
There has been a lot of discussion in the news regarding tariffs and trade wars, so I wanted to take this opportunity to try and tease out some facts and help you make better decisions and to help understand better while watching this situation unfold.
First, let’s talk about what tariffs are. Because we have them on just about every good that enters a country, be it the US or somewhere overseas.
We've had some interesting times in the stock market this month. In January, the US markets roared to new highs. Yet in early February, the wheels came off the rally, so to speak. We reached an official correction status as the market dropped by more than 10% from the previous high.
The cause of this drop is more interesting than the drop itself. It's a window into the human psyche and, if we heed its lessons, will make the next drop much easier to experience.