Financial Resilience: Adapting Investment and Wealth Strategies in a Post-Crisis Economy
Volume 41 of Independent Thinking® by Evercore Wealth Management examines the evolving investment landscape in the wake of the COVID-19 pandemic and unprecedented government stimulus.
The publication discusses the disconnect between high asset prices and low yields, the complex nature of inflation, and the importance of productivity growth in justifying current market valuations. It provides insights into the potential impact of further fiscal stimulus, the role of diversification-including illiquid assets-and the need for ongoing, individualized portfolio management.
The issue also addresses forward-looking planning topics such as preparing for progressive tax changes, business transaction strategies, and preserving family properties and the arts.
Independent thinking®
VOLUME 41
Financial Resilience: Adapting Investment and Wealth Strategies in a Post-Crisis Economy
Navigating a Changed Investment Landscape – The issue explores how massive government stimulus and central bank interventions have led to high asset prices and low yields, urging investors to remain vigilant and diversified in their approach.
Understanding Modern Inflation Dynamics – It delves into the differences between consumer price, monetary, and asset price inflation, highlighting why traditional relationships between money supply and inflation may not hold in the current environment.
The Role of Productivity and Innovation – The publication emphasizes the importance of productivity growth, which is accelerated by technological innovation, as a potential driver for sustainable economic expansion and support for high market valuations.
Proactive Wealth and Tax Planning – With the prospect of progressive tax changes, readers are encouraged to revisit and update their wealth, estate, and philanthropic plans to ensure tax efficiency and alignment with long-term goals.
