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The economy has faced several headwinds in recent years, from the COVID-19 crisis, the impact of the Russia-Ukraine war, to rising global inflation.
Follow us on SpotifyThe economy has faced several headwinds in recent years, from the coronavirus disease 2019 crisis, the impact of the Russia-Ukraine war, to rising global inflation. No single strategy can cope with the financial fallout of these challenges, which variedly affect people — including high-net-worth individuals .episode, Ruben L. Zamora, head of Institutional Investors Coverage Division at Metrobank, explains how uncertainty, led by higher global inflation, will affect HNWIs.
Still, the weaker peso would be a concern or a material risk for a HNWI if they have many dollar debt and other such obligations, especially if they do not have a matching dollar denominated income source to cover those obligations. “You need some of your advisors and wealth managers to help you understand when is there blood on the street. You don’t actually wait for that to happen,” he said.
“What I mean by that is there’s a lot of information out there — all the news, all the time, anywhere. So, unless you really look at markets day in and day out, that kind of information overload can lead the investor towards the wrong decision,” he said.
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