What Will Drive the Economy Now With David Spika

Spika adds that stocks are still very expensive today at 20 times future earnings, and they do not reflect higher interest rates or higher inflation. Nor do they reflect the potential for a recession and much lower earnings growth. So odds are strong that we’ll see the market come down soon. Ultimately, though, that's good for long-term investors, particularly those who have cash on the sidelines and are looking for a better entry point.

Fixed-income securities have taken a hit over the last year or so quite a bit. What should we expect in the near future? 

Spika says he believes a brief pause in rake hikes, likely followed by rike hikes that are smaller than previous increases, could create much lower interest rate volatility. That would be positive for bonds, as near its peak, interest rates should be relatively stable and ultimately will go lower. So there’s a good chance bonds will produce the best total return we've seen since 2007.

Guidestone offers multiple options for people who really are concerned about their savings and looking for peace of mind.

The first is their Defensive Market Strategies Fund. This is a low-volatility strategy that tends to incur only half of the volatility on the downside of the s&p 500. So that's a great place to have equity exposure on the bond side, or low and medium-duration bond funds, both with yields nearing 5%.

They also offer an Impact Bond Fund. This is a relatively new fund, which provides for impact investing in areas such as the sanctity of life and the spreading of the Gospel. It’s a true core bond portfolio that does have a good place in most investors' portfolios.

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-What’s the best way to shop around for term life insurance? 

-How do you determine what to do with retirement funds after moving them out of a company-directed 401k? 

-What’s the best way to research life insurance policies that would pay off your mortgage when you go home to be with the Lord?