Wells Fargo (WFC) head of advice and planning Michael Liersch joins Wealth to share insights on setting financial goals for 2025.
Amid uncertainties surrounding the Federal Reserve and upcoming administration changes, Liersch advises investors to "take a step back" and focus on "the big picture." He emphasizes understanding three key elements: your savings objectives, timeline, and funding strategy.
"Make that plan because, ultimately, it’s about time in the markets. Time-saving—it’s not about market timing, and we need to remind ourselves of that, especially during … an extraordinary period of change," he states.
Liersch encourages investors to maintain an intentional approach when evaluating markets and investment opportunities, carefully studying market shifts and adapting accordingly. "Be really on top of it," he tells Yahoo Finance.
Liersch adds, "What you want to do is actually take action and reframe some of that fear into opportunity because when you become opportunistic, then you can achieve your financial goals faster, quicker, with better quality, and that’s really what intentionality means."
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