How to Invest in the Current Market Environment

A listener asks:"The current economic situation seems to be taking a turn with high inflation, interest rates on the rise, and the pandemic potentially slowing down, allowing the economy to reopen. Given that backdrop, I'm curious about how to choose investments for the future? Even for the long-term, 5-10 years, how do you perceive this macro environment and what investments will you shift?"Matt and I discuss this question and how to adjust your portfolio. Our discussion includes:Is 5-10 years really "long term"?If you have a thesis on how to invest given the current conditions, how do you implement an investment strategy-How confident are you?-When do you re-evaluate your thesis or adjust your investments?-How much work and stress will that cause you?Why do I recommend low-cost index funds?-80% of actively managed funds, trying to make active investments based on the current environment, fail to beat passive low-index funds. Are you confident you can do better?-You get better returns: a win-win!Find out more about Mike at https://www.mortonfinancialadvice.com and connect at https://www.linkedin.com/in/mwsmorton/