On the Monday edition of the RNJ Morning Program, Morning Mike talked economy and finances with “America’s Money Answers Man” Jordan Goodman. He explained that the wild swings in the stock market recently were caused by bad news and good news. The bad news was that inflation was up; the consumer Price Index was higher than expected by the Federal Reserve. That was tempered by good news last week, as corporate earnings were strong during the fourth quarter of 2017.
Goodman noted that the Federal Reserve had plans to raise interest rates if inflation went up. If the present trend continues, those raises could occur three times in 2018, making it harder and more expensive to borrow money. Goodman also mentioned what he calls “the Saver’s Dilemma.” People are earning virtually 0% on their money in the bank, and – if interest rates keep rising – they will lose capital if they invest in long term Treasury bonds yielding 2.9%. Goodman recommended the Secured Real Estate Fund, making short term loans for construction and business development. You could earn 8% over one year, paid in monthly checks or reinvested. Visit www.securedrealestatefunds.com or call 888-444-2102 to learn more. The minimum investment is $5,000 and the minimum hold time is one year.
Learn more about Goodman’s financial outlook and advice at moneyanswers.com – and Jordan welcomes your questions too.