Hello, my name is Kirk Spano. I am the founder of Bluemound Asset Management, LLC. My goal is to help you navigate a rapidly changing world so that you can protect and grow your financial freedom.
Today’s global economy and financial markets are experiencing seismic volatility. As I have dubbed it in the media,“slow growth forever,” is the new normal.
Over the coming decades, we will continue to see the global economy evolve in fits and bursts. While change can be scary, smart risk management can help us embrace the long-term opportunities.
Browse this site and learn about my approach. Then, contact me today, to talk about your goals, before the rush during the next inevitable bear market.
2012: Another Year the World Won’t End
Throughout 2011 we heard proclamations of doom and gloom from market pundits to gold traders to vote seeking politicians to assorted snake oil salesmen to the converts of ancient Mayan religion. Each has a version of a coming apocalypse, some including hyperinflation, 50% unemployment, widespread famine, world war or complete destruction of the globe due to galactic forces beyond our control. In my estimation, each is about as likely as the other to occur, that is, not very likely at all.
If you will recall, on several occasions back in 2007 and 2008, I discussed the vast financial problems that the globe faced. Today and recently, those who missed the actual financial collapse are running around telling us about a coming new bigger and badder financial destruction to come. To put this as plainly as possible, they are very late to the party.
While it is possible, if not probable, that the global economy and financial markets will operate on very uneven paths for an extended period, the big financial debacle has already occurred. Could we see another stock market drop of 30%? Absolutely. Is real estate likely to keep falling in the short term? Probably. Will governments continue to politic us into migraines and slow solutions? What else is new.
But, and this is important to observe, there are forces out there that are creating balance as you read. The slowing of developed economies is being offset by growth in developing economies. The forces of deflation and the forces of inflation are nearly balanced on aggregate (though as any shopper can tell you are uneven from item to item). The slow methodical approach of Germany and the European Union to gradually fix Europe is neutering quick clicker finger traders who are betting on financial turmoil in the hopes of making a fast get rich strike.
All in all, despite being unsure of things a year or so ago, I am quite confident that my newfound optimism is well placed.
Bluemound Asset Management, LLC is a fee-only Wisconsin Registered Investment Advisor • 855–445-4321
Kirk Spano works with clients throughout Wisconsin, as well as, accepts clients nationally.
All information herein has been prepared solely for informational purposes, contains no guarantees of any kind and is not an offer of case specific advice. Opinions subject to change.