Carolina Guerreno | Trends in Financial Planning

Financial planning for the remainder of 2024 is expected to encompass various elements. Volatility in the stock market, developments in generative AI, increased fraud and cyber risks, and embedded finance trends will demand an agile approach from financial leaders.

With higher interest rates and increased inflation levels, 2024 is projected to be volatile. Taking an active approach to investments, monitoring performance closely, and managing risk exposures are essential strategies recommended by experts.

Advisor Support

In navigating the economic landscape of 2024, leaning on the support of a financial advisor is paramount. With increased volatility projected in the stock market, it’s crucial to remain vigilant, consider risk tolerance, and adopt an active approach to portfolio management.

Direction of the Economy

As we analyze data from the first quarter and insights from trusted financial partners, the economy appears to be slowly strengthening. Despite not anticipating an economic downturn, experts hesitate to declare 2024 a “breakout year.” However, with interest rates expected to decline, inflation gradually decreasing, and signs of improvement in the housing market, steady advancement in the economic landscape seems promising with patience and resilience.

Originally published at http://carolinaguerreno.wordpress.com on April 12, 2024.