Have you had to cut back on your daily spending recently? With inflation increasing rapidly and interest rates rising, our purchasing power is quickly decreasing.
In this episode, Greg DuPont is joined by Kirk Chisholm to talk about why a recession is happening. You may want to put your money into stocks or cryptos to avoid losing to inflation, but is that a good idea during a time like this?
Greg and Kirk discuss:
- Predictions for economy growth in the foreseeable future
- How your monthly payments could double with inflation
- Is a recession happening?
- Stocks vs Bonds vs Cash vs Gold during a recession
- And more!
Connect with Gregory DuPont:
Connect with Kirk Chisholm
About our guest:
Kirk Chisholm is a Wealth Manager and Principal at Innovative Advisory Group, an independent Registered Investment Advisor located in Lexington, MA. He has been providing wealth management services to individuals, executives, entrepreneurs, and their families since 1999. He is an outside the box thinker, risk manager, inflation expert, blogger, podcaster, and all-around interesting guy. Kirk is dedicated to developing lasting relationships with all of his clients and their families. One of the benefits of working with Kirk is his patience, empathy, and his ability to provide clear and easy-to-understand explanations to complex financial topics.