Craig Toberman, Founder of fee-only financial planning firm Toberman Wealth, was recently featured by Bloomberg Wealth on what happens when The Federal Reserve changes its short-term benchmark rate, as they did in early March.
Craig was tasked to answer the question “What is the one misconception you wish you could correct about clients’ views on rising interest rates?”
He warns readers to “brace yourself for the unexpected”. The key is to “build a portfolio that would be expected to fare better during periods of rising prices” in anticipation of “an unexpected acceleration in the pace of future rate increases”, he says.
Why should we anticipate this? Rate hikes are the best tactic the Fed has to thwart inflation – which is on the rise.
Craig ends his opinion with a few strategies you can add to your already diversified portfolio in case The Federal Reserve uses this rate acceleration tactic later in the year.
Toberman Wealth knows how to plan for your financial future. Read more about our Fee-Only Investment Advisor Services or schedule a free intro call below with Craig today.
Craig Toberman is the Founder of Toberman Wealth – a fee-only, fiduciary financial advisor based in St. Louis. He assists families and businesses with strategic financial planning and long-term wealth management. He has over a decade of experience in financial services and has crafted custom financial plans for hundreds of families and businesses.
Craig received a Bachelor of Science (B.S.) degree in Agricultural and Consumer Economics from the University of Illinois and a Master of Business Administration (M.B.A.) degree in Finance from Saint Louis University. He is a Certified Financial Planner (CFP), Chartered Financial Analyst (CFA) charterholder, and Certified Public Accountant (CPA).
Craig is a member of the National Association of Personal Financial Advisors (NAPFA), Fee-Only Network, and XY Planning Network.
Craig lives in the greater St. Louis area with his wife, Ally and son, Hank.