TORONTO, Nov. 1, 2016 /PRNewswire/ -- With personal debt-to-income ratios at an all-time high, it is a little-known fact that the majority of the 12 regional Federal Reserve banks voted to raise interest rates during their two most recent meetings. Yet, the Fed board decided to hold the discount rate steady and kept the main benchmark interest rate unchanged. Could the fact that this is a U.S. presidential election year have anything to do with this? Did you know that the sub-prime crash of 2008 and the dot-com crash of 2000 both occurred during U.S. presidential election years? Politics, the stock market and our personal finances are linked in ways that few people truly understand, according to Financial Life Coach, investor and Certified Financial Planner Roel Sarmago (Coach Roel).
"Our personal economies are as intertwined with the national economy as our national economy is intertwined with the global economy. Thus, all finance is personal finance," Coach Roel says.
Invite him to share five ways people can financially protect themselves and profit from the inevitable global market crash that will happen after the U.S. presidential election. The five ways are:
- Determining your "acceptable loss" number
- Restructuring your debts
- Increasing your available credit
- Revisiting your goals and values
- Preparing your backup plan now
CREDENTIALS: Coach Roel developed his unique views on personal finance after achieving massive success in the mutual fund industry and leaving it all behind to become a successful real estate investor, options trader and entrepreneur while maintaining his CFP designation. He is the author of Undiscovered Riches: How to Find Your Hidden Wealth. Coach Roel has been featured by MoneySense Magazine, Fox News Radio and several talk radio shows in the U.S.
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SOURCE Roel Sarmago