Steph Korey provides essential investment advice. The former financial services professional recommends keeping abreast of the financial markets with the assistance of a reliable portfolio manager. This way, investors will remain alert to potential risks and opportunities. The investment specialist also advises investors to diversify their holdings in asset classes such as stocks and bonds and avoid concentrating their resources in a particular industry.
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Steph Korey suggests that investors remain informed of potential investment trends by monitoring the news cycle. This way, investors can gauge economic conditions in real-time and take advantage of their social influence to invest in lucrative businesses.
Why are investment trends important?
Financial forecasters and other investment experts know that many people perceive their portfolios as a means of mitigating risk. If a recession or major loss of wealth occurs, investors can utilize assets in their portfolio to cover their expenses until their bank accounts balance. While investing for the short-term is undoubtedly an asset to most people, investments need to be considered long-term.
Steph Korey also provides words of wisdom about the importance of having one’s investment strategies and long-term goals updated annually. While many people disregard financial forecasting, financial experts constantly monitor and update investment trends.
Stay advised of investment trends.
One of the biggest tech trends of 2022 is the widespread adoption of VR and AR. But that’s just one of several major tech trends. Likewise, the number of digital currencies is expected to explode over five years. Their total market capitalization will exceed the $300 billion mark by 2022. The largest will probably be Ethereum, a cryptographic coin and protocol. However, Bitcoin could also become the mainstream currency if its growth accelerates.
Cryptocurrencies, blockchain-based payments, and cloud-based storage all played essential roles in drawing entrepreneurs to the Far East. So Steph Korey advises investors to be well-informed about the economies that directly influence their investments.
It is apparent that the old economy of products and services based on paper has ceased to exist. The internet and mobile devices have disrupted many traditional industries such as advertising, retail, publishing, manufacturing, and more. Another example of the effects of technology comes from the banking industry. For example, Kroll Bond Rating Agency predicts that over half of all retail banks’ profits in 2022 will come from managing portfolios of online advertisements.