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Recently, Charles Schwab CEO Walt Bettinger spoke with CNBC’s Jim Cramer about the top concern among the brokerage firm’s 35 million clients—inflation. According to Bettinger, inflation has now become the number one worry for investors, shifting sentiment from bullish to bearish. With stubborn inflation persisting, investors are seeking relief from rising prices and hoping for interest rate cuts by the Federal Reserve.
To navigate an inflated economic environment, Bettinger emphasized the importance of having diverse portfolios that include fixed-income assets. Schwab recommends most investors to consider low-cost index funds or low-cost actively managed funds to build up their portfolios. As Bettinger wisely stated, “When it comes to investing, time is your friend. And being in the market is often a lot better strategy than trying to time the market.”
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