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Jerry Citarella: It’s nice to have answers

Posted: November 13, 2012 2:00 a.m.
Updated: November 13, 2012 2:00 a.m.

Making decisions is difficult, especially when you’re not sure of the rules. When there are no answers to your questions, how can you possibly come to a conclusion? Sometimes you’re forced down a path or must head in a particular direction without feeling totally confident. One thing I know for sure is being forced into these types of decisions typically doesn’t feel good and often doesn’t end well.

Unfortunately, over the past few years, we’ve had to make a lot of hard decisions — not only in our financial lives but also in our personal lives.

Whether investment decisions, health care decisions, a job or career change or housing choices, many of us have had to make tough calls without all the information we’d like to have. It’s forced us to be more conservative in our decisions, which can be a good thing, but I do believe enough is enough.

As we came closer to this year’s presidential election, it seems many decisions became more difficult. Not only are we dealing with many of the same issues and insecurities, but we still don’t know what will be different in the very near future.

The good news is, as you read this, we do know who will be President for the next four years. Whether or not you like the winner, at least the election brought some answers. What we need right now are answers.

I said it in a past column and I’ll say it again: We’re in a “Wait-‘til-your-father-gets-home” economy.

When you were in trouble as a child, your mom said, “Wait ‘til your father gets home.” You didn’t know what was going to happen when he got home, but you knew it wasn’t going to be good. You may also not have known exactly when he was coming home or exactly what kind of mood he’d be in when he got there.

The point is you were paralyzed with fear and insecurity until the event happened. That event is called: the answer. IT was the answer to your question, “What’s dad going to do to me?”

Right now we’re all asking, “What’s this economy going to do to me and when will it happen?” Well friends, I think we might have a few answers soon.

Again, I must stress that I don’t believe it’s as important which candidate won and what he does, as much as just knowing what’s coming. Of course we all have our favorite and many have strong beliefs, but we can all agree that just knowing what to expect next is amazing.

We might love or not like at all what we’re going to get with the president, but at least we’ll be able to start making educated decisions. It’s just like dad coming home. We might not have liked the punishment or the tongue lashing, but at least when it was over we could get on with our lives. We survived it and moved on. Maybe we were a bit scared, a little scared or had a bruised backside, but we made it.

Over the next few weeks and months, a lot of information is going to come out and I urge you to pay attention. If you have an advisor, meet with him. If not, find one. Ask the advisor what you should expect. Find out if anything is going to change in your life and if you should make changes before something else happens. Whether its tax law, foreign policy, U.S. concerns or corporate changes, something will most likely change or become clearer. Don’t be caught by surprise.

Now, put this column down and go get back to your life, now that the election is over. I know many of us were obsessed with it. It’s “in the books” now and it’s time to move forward.

Jerry Citarella is the owner of Infinity Wealth Management 23734 Valencia Blvd., Suite 301, Valencia, 661-255-9555, ext. 11.  He is also the author of The Truth Helps Series of financial planning books. Citarella’s column reflects his own views and not necessarily those of The Signal. Submit questions to:  Securities and investment advisory services offered through NEXT Financial Group Inc. Member FINRA/SIPC.  Infinity Wealth Management is not an affiliate of NEXT Financial Group Inc.


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