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RFM Financial Solutions, LLC

Are we Settling for Less?

Written by: Michael E. Harter, CPA/PFSCFP®

Making consistent money in the financial markets has been challenging to say the least since the 2008 meltdown.

Interest rates returns continue to plummet as rates remain at historical lows in an effort to revive the economy.    New money from maturing CD’s and bonds are met with nearly non-existent returns.    The stock market looks to build momentum as companies are showing stronger balance sheets, amble cash and leaner cost structures.   However events such as the European debt crisis and our own debt ceiling showdown this past summer keep pushing the markets down.    Now the gas prices have taken center stage to wear down consumer confidence.

Instead of becoming outraged about current events, we accept what is given to us and say “Well at least I did not lose any money”?     Since when did we become so passive or accepting of mediocrity?

We should be engaged in dialogue with policy makers and regulators to get out of the way and stop putting in gimmicks and artificial barriers that prolong the natural process.    We have fiddled with the fundamentals of our capitalistic systems to the point that they can not operate properly and efficiently.    Sure, maybe the intentions had merit, but the unintended consequences need to be examined as in many cases they outweigh the short term benefits.

Too many cooks spoil the broth!  

What say you?

 
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