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Wednesday, 12 April 2023
The first three months of the year may have flown by, but it’s still important to ensure your financial security for the remainder of the year. Here in the latest Wealth Wednesday with Dr. Doug, Lewis Cohen (Investment Advisor) has offered to sit down with you over coffee to discuss your goals and provide guidance. The best part? The consultation is free! Lewis also shared what to observe about the Fed Reserve rate hikes and what they may mean for your financial future.
During their conversation, Dr. Doug and Lewis also touched on the topic of “run on the bank”, both literally and figuratively, in light of the recent events at Silicon Valley Bank in March 2023. However, Lewis expressed his confidence in the overall economic situation, as well as the actions that were taken by the government and the global banking industry to prevent such occurrences from causing major damage. Dr. Doug also opened the idea of diversifying assets, such as through investing in gold bullion (which we happen to offer as a service). Be sure to check out the next clip about diversification.
A better way to understand diversification is by citing the great Warren Buffet as an example. Further on, Lewis recommended sectors are semiconductors and healthcare, especially for those who would like to diversify their portfolios.
At LOM, we are committed to building long-term relationships with our clients. If you have any questions or would like to chat with our Cayman team, please don’t hesitate to reach out to us. You can call us at +1 345 233 0100 or fill out the enquiry form on our “Contact Us’ page.
The information contained in this article is for information purposes only, and represent the views of the author. It is not intended as specific investment or financial advice, or a recommendation or solicitation to buy or sell any security. Any investments or strategies listed in this article may not be suitable for all investors. Past performance is not indicative of future performance, and as with any investment, prices may fluctuate. It is recommended that advice is sought from a qualified investment professional prior to implementing any financial plan. LOM has made every effort to ensure that the contents herein have been compiled from sources believed reliable, however LOM does not warrant the accuracy, adequacy, timeliness, or completeness of this information expressly disclaims liability for errors or omissions in this information.
