Andrew Opdyke - 2023 End-of-Year Economic Update

In this Episode of the Secure Your Retirement Podcast, Radon and Murs speak with Andrew Opdyke about a 2023 end-year economic update and the expected shift in the economy in 2024. Andrew is a Certified Financial Advisor and Economist at First Trust Advisor.Listen in to learn about the impact of the concentration of investments in the top ten companies and when the market broadening will happen. You will also learn about things to consider when expanding your investment portfolio in 2024, like profitability, appropriate pricing, and portfolio evaluation.In this episode, find out:The expected rate cuts in 2024 in the market after the end of rate hikes this last quarter.The concentration of investments in the top ten companies and when the market broadening will happen.Why early 2024 will be when we can correctly vet the health of the US economy without outside factors.Things to consider to expand your investment portfolio in 2024 and avoid making costly mistakes.The geo-political shift happening in the world right now and how it will impact the economy.Why there are no clear AI winners in the future as it continues to grow.The end-of-year concerns – how geo-political issues could impact our economy if things shift in the wrong direction.  The end-of-year excitement – the progress of AI and the unleashing of human potential happening right now.Tweetable Quotes:“There are things you’re never going to predict, but we can build portfolios to try to deal with the unknowns.”- Andrew Opdyke“New technologies take longer to make an impact than we anticipate in the short-term, but they do more than we anticipate over the long-term.”- Andrew OpdykeGet in Touch with Andrew:LinkedIn: https://www.linkedin.com/in/andrewopdyke/Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.