Retirement-In-Focus Wealth<\/a> Management in Darien. “The market hates uncertainty, and so do we to some extent.”<\/p>\nAt the same time, Meese also says his advice to clients is that the situation is not actually as financially dramatic as the headlines seem.<\/p>\n
“Probably nothing about your financial life has changed in the last five days,” he said. “You still have the same goals, you’re still investing for the same purposes.”<\/p>\n
If retirement is the purpose, Meese points out that there have been other extremely volatile days over the past year.<\/p>\n
“You have to remember who you are in this marketplace. We’re not day traders, we’re not investment managers. We’re long-term investors,” he said.<\/p>\n
Looking long-term, the stock market is still up double digits in the last year, which is why Meese says now is not the time to be making any big investment changes.<\/p>\n
“The market is likely to recover much faster than the emotions around what’s going on,” he cautioned, “so don’t let short-term concerns drive your investing.”<\/p>\n
The impact at the pump might be harder to avoid.<\/p>\n
According to GasBuddy.com, the average price of a gallon of gas in Connecticut went up seven cents between Sunday and Tuesday.<\/p>\n
Meese explained that “the Strait of Hormuz, where 20% of the world’s oil moves around the world, has just been summarily closed.” Something that has created uncertainty not just in the markets, but for people like Pramod Kandel, who owns Town Stop gas station in Norwalk.<\/p>\n
“We have no control, we have some customers, but I don’t know how long we can handle it,” he said to News 12. \u201cWe pay over $20,000 in rent over here. If something happens, it’s going to be big trouble for us.”<\/p>\n
Meese says the uncertainty is sure to be felt in other places as well.<\/p>\n
“Oil is not a single thing,” he said. “It’s not just gas, it’s highly integrated throughout the economy, and so it could have a direct impact on inflation.”<\/p>\n
Meese says he will start looking at some of the longer-term trends that develop in a few weeks, and will make some measured moves based on that.<\/p>\n","protected":false},"excerpt":{"rendered":"The economic impacts of the attacks in Iran are already being felt in Connecticut, just a few days…\n","protected":false},"author":2,"featured_media":151937,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[128,47784,153,3365,19962,4953,21845,22875,14670,60,9,24,63,896,15254,129,131,130,20041],"class_list":{"0":"post-151936","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-the-bronx","8":"tag-bronx","9":"tag-darien","10":"tag-donald-trump","11":"tag-economy","12":"tag-finances","13":"tag-financial","14":"tag-gas","15":"tag-gas-prices","16":"tag-iran","17":"tag-israel","18":"tag-new-york","19":"tag-new-york-city","20":"tag-nyc","21":"tag-president-donald-trump","22":"tag-strike","23":"tag-the-bronx","24":"tag-the-bronx-headlines","25":"tag-the-bronx-news","26":"tag-trump-adminstration"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/151936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=151936"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/151936\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/151937"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=151936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=151936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=151936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}