“A Kamala Harris Victory Could Impact Markets by 50%,” Cautions Financial Expert Jim Rickards
WASHINGTON, Oct. 22, 2024 (GLOBE NEWSWIRE) — As the 2024 presidential election nears, experienced financial strategist and former CIA advisor Jim Rickards raises concerns about He warns that the combination of these issues with political uncertainty may lead to a significant economic downturn, from which recovery could be difficult for many Americans.
Rickards notes that some of Wall Street’s leading figures, including Jeff Bezos, Mark Zuckerberg, and Warren Buffett, have already begun to liquidate significant portions of their portfolios in anticipation of a potential market decline.
A Financial Action Plan for the Public
In response to these potential risks, Rickards has developed a five-step plan to help individuals safeguard their financial assets. His plan goes beyond typical financial strategies, focusing on investments that may offer protection during economic downturns.
His five-step plan includes:
- Reducing exposure to overvalued stocks to mitigate potential losses.
- Investing in resilient assets, including a lesser-known strategy Rickards believes could outperform traditional safe-haven investments like gold.
- Implementing practical steps to protect physical assets and ensure personal security.
“These steps could make the difference between safeguarding your wealth or losing everything. The time to act is now, before the markets react to the election results,” Rickards emphasized.
Broader Considerations
In addition to financial concerns, Rickards has cautioned that the election outcome could have social implications, with the potential for heightened tensions similar to those experienced in recent years.
Together with former CIA operative Jason Hanson, Rickards has contributed to a report, “How to Make Your Home Your Personal Fortress,” which provides advice on home security measures and personal protection strategies.
About Jim Rickards
Jim Rickards is a former CIA advisor and an accomplished economist, known for his expertise in global financial markets and geopolitical risk. He is the author of best-selling books such as Currency Wars and The Death of Money. With nearly five decades of experience advising Wall Street and government leaders, Rickards has provided insights to Congress, the Pentagon, and other key institutions.
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