April 5, 2021 | Investing
Today, we’re sitting down with LifeGuide Partner and Chief Investment Officer, Zak Lutz, to answer some of the most frequently asked questions we receive. This is the fourth part in our six-part Q&A series.
A: This is a great question. As of this posting, the value of the dollar has been going down. And this devaluation often causes people to feel concerned or scared.
What we’re currently seeing, though, really needs to be viewed in the context of how high the value of the dollar has been. Its value has been within a five-year range and is now simply getting towards the lower end of that range. It’s not that it’s absolutely low right now, it’s just relatively low compared to how high it’s been in the past.
In fact, it may feel counterintuitive, but we actually don’t want too strong of a dollar! A strong dollar can be just as bad as a weak dollar.
Instead, we want balance.
When people talk about the value of the dollar dropping or devaluing, they tend to think of this in a negative way. However, it can actually be positive and helpful. For instance, with a weaker dollar, goods and services produced by companies here in the United States are more competitive globally. Because other countries can purchase our exports for less, our manufacturing becomes more competitive.
Bottom line: When you hear about the devaluation of the dollar, it’s usually presented in a negative or scary way. Yet the reality is more nuanced.
You have important questions, and we want to get you answers. We offer everyone a complimentary, no-strings-attached Exploration Meeting where we get to know each other, understand what you’re looking for, and answer all of the questions you have. In preparation for our conversation, we ask everyone to first complete a short five-minute, online Intro Questionnaire.
Once we receive your submission, we’ll reach out to schedule your complimentary Exploration Meeting. Type in your name, email, and preferred phone number below to get started!
The topic of long-term healthcare can be complex, time consuming, and, quite frankly, not a lot of fun. We’re here to help.
We are Dave Ramsey ELPs for long-term care, as well as SmartVestor Pros. We offer all of Dave’s fans a complimentary, no-strings-attached LTC Exploration Meeting where we will take the time to know you, answer your questions about LTC, and provide quotes and recommendations tailored specifically for you.
To prepare quotes for you, we ask that you complete a short three-minute online LTC Questionnaire.
One we receive your questionnaire, we will shop your case to multiple insurance companies, prepare quotes, and reach out to schedule your LTC Exploration Meeting. Type in your name, email, and preferred phone number below to get started!
You’ve come to the right place! Our Managing Partner, Doug Denlinger, is a SmartVestor Pro as well as a Dave Ramsey Endorsed Local Provider (ELP) for long-term care insurance.
Like Dave, we believe that financial peace is a critical component to leading your most impactful, fulfilled life—the life you are called to live. And we want to help you get there. Which is why we offer all Dave Ramsey fans a complimentary, no-strings-attached Exploration Meeting where we answer your questions and get to know each other.
In preparation for our conversation, we ask everyone to first complete a short five-minute, online Intro Questionnaire. Once we receive your submission, we’ll reach out to schedule your complimentary Exploration Meeting. Type in your name, email, and preferred phone number below to get started!