Craig Toberman Featured by Bloomberg Wealth on What You Might Not Understand About Interest-Rate Hikes
Craig Toberman, Founder of fee-only financial planning firm Toberman Wealth, was recently featured by Bloomberg Wealth on what happens when The Federal Reserve changes its short-term benchmark rate, as they did in early March.
Craig was tasked to answer the question “What is the one misconception you wish you could correct about clients’ views on rising interest rates?”
He warns readers to “brace yourself for the unexpected”. The key is to “build a portfolio that would be expected to fare better during periods of rising prices” in anticipation of “an unexpected acceleration in the pace of future rate increases”, he says.
Why should we anticipate this? Rate hikes are the best tactic the Fed has to thwart inflation – which is on the rise.
Craig ends his opinion with a few strategies you can add to your already diversified portfolio in case The Federal Reserve uses this rate acceleration tactic later in the year.
Click here to see the strategies and read the full article.
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Craig Toberman is a Partner at Toberman Becker Wealth – a fee-only, fiduciary financial advisor based in St. Louis. He assists families and businesses with strategic financial planning and long-term wealth management. He has over a decade of experience in financial services and has crafted custom financial plans for hundreds of families and businesses.