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Empyrion Wealth Management President Kimberly Foss on the factors weighing on investors this summer.
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You're adults if you think summer is for doldrums hard like -- -- look at history.
And -- market is stored -- -- -- -- and she's always says look for a lot of bad history to repeat itself again this summer.
Are -- -- spell out what's got to word the most Kimberly right now.
Unfortunately I think the whole Greece situation is really really causing a lot of Havoc in in the world and dad.
You know it's not to say that you know the average investor doesn't know about a 126.
Billion dollar bailout for Spain or Greece stayed in -- in the ENAA eurozone or not but.
I think folks need to now in the average investor -- their -- now what happens in Greece.
Does affect your 401K it does affect your IRA does affect -- college tuition plan.
So you're -- I had this idea that we just odds of -- right that whatever the momentary reprieve we've gotten -- Greece sort of electing to keep within the Euro is -- -- -- best and was still gonna have a bummer summer because of.
We are -- -- -- it's just a -- on the well it that that's holiday as.
And and we're gonna have to address and tell they Intel they address the issues there and tell they.
Take advantage got -- let it heal or all gonna feel that and if and if America doesn't think that they're gonna have -- On the beach and out to lunch -- and that we will always students -- this and get overly excited prematurely but finished that the we did we -- a volatility isn't -- Arnold gay is still it.
But there's opportunity there XT OOK you're next -- -- Greece have to -- would be what.
I -- taxes and inflation now coming next year whoever gets and I think it's inevitable taxes are gonna go lap.
And you know we've got that in headline inflation we keep Yemeni give -- -- -- here -- and you say it's gonna start exercising itself.
This summer we're gonna fear that not being resolved is gonna hit us there's some.
-- yes -- and I think what's happening is it's gonna start to creep back minority cast look in the gas prices and other not at all time highs.
But Europe rear were were up an access have nineteen point 9% year on -- year.
In good were up over 7%.
I need it's that slow creep -- -- -- stealing money from our wallets every single month.
That we're gonna wake happen -- what -- -- and at that point in time you're too late so keep your bonds short.
And you know keep that commodity there and keep your -- duration of your bond funds very very short and keep inflation protected securities now.
And -- less worried that we do -- -- would have to clear this summer would be well.
I -- what is is egg and the bond funds I think that we -- we navy -- we are in for this.
Bond bubble another and we don't get this do you -- environment for bonds it can't last.
They can't well don't -- citi's spread doesn't -- -- longer term IE 3% my goodness is that's just ridiculous but keep them short.
Protect.
Preserve and profit.
Practice -- three keys and you break through this summer and these volatility and this water ads craziness you know.
Patent and you'll be able to come out wet.
A solid portfolio and be able to have that money to thrive again -- right well put thank you very very much to both also -- their razor blades and it's.
Joking -- just.
