Bohemia, NY (PRWEB) October 05, 2013
Chris Hobart, the CEO of Hobart Financial Group, a Charlotte retirement planning company, discusses the affect of the government shutdown on Main Street versus Wall Street and gives tips for investing.
In his latest segment on Fox Business News, Hobart explains that individual, everyday investors, or “Main Street,” are very focused on the consequences of the government shut down. “Main Street is in a lot of trouble right now,” he says. “They’re nervous. They’ve been through two major crashes in the past decade, they don’t know what to do.”
However, Hobart, a top-ranked Charlotte retirement planning expert, is more concerned about how the federal tapering will affect Main Street investors. For the past few months, investors have been making easy money. “We know that tapering will eventually happen, and as we move closer to the next anticipated announcement, we should expect to see the short-term traders exit once again as the market begins to price in some level of tapering,” he says. “Given the fact that we will most likely be buying on the exit of these traders since tapering is a positive event for long-term investors, the last few market corrections as well as the recent rallies help us to better determine an appropriate cash balance in order to take advantage of any future buying opportunity.”
Hobart says investors will have to begin making smarter decisions. They will have to be more particular about where they invest. Hobart suggests investing in a cloud computing company called NCR Corp. “The one thing in cloud computing is that it’s got to be a $150 billion market,” he says. “Data is moving toward that. Something like NCR is still priced relatively attractively, but here’s the thing—their growth is international.”
Hobart Financial Group is an independent North Carolina financial advisory firm dedicated to personalizing service with uncompromising integrity. Its focus on comprehensive, tax-advantaged plans help to provide sound preservation of capital, growing income and increased returns with reduced risk. Chris Hobart, founder of Hobart Financial Group, understands that true wealth means being able to share your life with the people you love, free from financial anxiety. Hobart Financial helps Carolinas’ retirees preserve and protect their wealth with comprehensive financial retirement planning and wealth management.