"I'm concerned about my money in the stock market. My accounts have been up and down the last few years, and with all that's happening right now and all the bad news, I just can't see anything positive. What should I do?"
Answer: In times of extreme economic volatility we want our assets invested in things that can adapt and prosper and we believe that is globally dominating companies. We like companies that pay steady dividends, and have a long history of increasing their dividends.
Over the next decade about one billion people will enter the realm of middle class in what we still tend to call the emerging markets. These middle class people will want more and more of the good life. They will buy everything from paper towels to chocolate bars to basic automobiles. This will be a giant wave.
Anyone who is serious about creating wealth and/or protecting existing wealth needs a significant position in high-quality, globally dominating corporations. Many of these companies are priced right, have very manageable debt, have a lot of excess cash and are well positioned to take advantage of the millions and millions of people that are climbing the economic ladder in the emerging economies of Asia and South America.
Philip C. Benedict, CFP
Benedict Financial Advisors, Inc.
Atlanta, Georgia 30328
770-671-8228
Leave a Comment