2023’s Mid Year Check In With Bob Westrick (Ep. 22)
Amidst these unprecedented times, a burning question arises: Should you maintain a diversified portfolio?
In this episode, Nicole Romito and Bob Westrick, Partner at Private Vista, provide a mid-year market update for 2023. Together they tackle some of the pressing inquiries that have flooded their clients minds. From whether America is already in a recession or heading into one, if it will be different this time around, and whether or not diversification still works during unprecedented times.
Nicole and Bob discuss:
- Private Vista’s guidance amidst these extraordinary times and the unique challenges they present
- What the difference is between the economy and the markets, and why they don’t always move in the same direction
- The Federal Reserve’s potential measures to disrupt the current inflationary cycle
- What type of recession is expected, and to what severity
- Why it’s better to invest for longer term goals rather than short-term goals
- And more
Resources:
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About our Guest:
In 1983, Bob Westrick left a “Big Eight” public accounting firm to work for one of his audit clients. Eight years later, his entrepreneurial itch was scratched as he started a partnership in the financial services industry. Two years later, Bob co-founded WNA Wealth Advisors, one of the precursor firms to Private Vista. He is a frequent speaker and he is often interviewed on subjects ranging from economic conditions to wealth management. His experience as an accountant, business owner and financial advisor gives Bob a unique perspective to offer his clients.
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