Smart Money: Markets Near Record Highs, But Investors Remain Wary
El Paso, TX (KVIA-TV)-Despite stock markets trading at or near record highs, a new survey reveals that nearly three-quarters of Americans are skeptical about how long the bull run can last. The disconnect between soaring market numbers and investor confidence was the focus of a recent episode of Smart Money, hosted by Nichole Gomez and featuring financial advisor Brian Mirau of Mirau Capital Management.
"Market performance and investor confidence don't always move together," Mirau explained. Many people enjoy watching their portfolios grow, but uncertainty about the future makes them hesitant to make new financial moves—especially for those nearing retirement, who worry about preserving their savings.
The survey found that almost two-thirds of respondents are putting off important financial decisions, waiting for a clearer economic outlook. Mirau warns that while caution is sensible, waiting for certainty can become a problem if it turns into inaction. "Markets rarely offer complete certainty. Rather than waiting for the perfect moment, it's crucial to understand your goals, your timeline, and how your investments support your retirement strategy."
Mixed economic signals further complicate the picture. While the stock market remains strong, recent employment numbers have underperformed expectations. Mirau notes that the stock market and the broader economy measure different things. "Markets often reflect expectations about future business performance, while employment reports tell us about current conditions. They won't always move together, so one economic report shouldn't determine a long-term financial decision."
For those approaching retirement, Mirau emphasizes the importance of understanding the purpose of their financial plan. Knowing where income will come from, expected expenses, and how investments fit into the bigger picture are all key. The goal, Mirau says, is not to predict every market movement, but to ensure financial decisions remain grounded in long-term objectives.
As political debates heat up ahead of the midterms, changes to Social Security benefits are being discussed. Mirau cautions retirees to distinguish between proposals and current law, and to take a holistic view of their retirement income sources when considering tax impacts.
The key takeaway for investors? "Don't let uncertainty stop you from planning," Mirau advises. "Markets, economic conditions, and policies will change. A thoughtful retirement strategy gives you a framework for evaluating those changes without having to rethink everything each time a new headline appears."
For those feeling overwhelmed by market highs and economic headlines, Mirau recommends seeking professional advice to clarify their retirement plans and ensure they are prepared for whatever comes next. https://miraucapital.com/
