Investors may be focused on the election and the possibility of a Federal Reserve interest rate hike, but there are bigger risks to the market, financial advisor Ron Carson .
Specifically, he believes there are four major disruptors investors need to be prepared for, the biggest concern being emerging technology's impact on industries.
"I think we're at the very beginning stages of having total disruption," the CEO of Carson Wealth Management said.
"It's going to replace massive number of jobs."
The other "buses" Carson believes are heading for financial advisors and their clients are the global central banks' unprecedented negative interest rates, regulatory forces in every industry stifling innovation and making growth more expensive, and investors and clients pulling money out of the markets.
His advice to investors is to "hug your risk budget."
"Investor behavior is what destroys wealth because they are not prepared for what can possibly happen," said Carson.
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