27 subscribers
انتقل إلى وضع عدم الاتصال باستخدام تطبيق Player FM !
المدونة الصوتية تستحق الاستماع
برعاية


1 Make Money with AI Appointment Setting | Matt Deseno 32:38
158: Coronavirus and Your Money
Manage episode 255222392 series 1148202
In this short episode, we’re talking about what’s happening in the stock market in the aftermath of the coronavirus outbreak.
Unfortunately, the coronavirus (COVID-19) is here. My heart goes out to all of the individuals, families, communities and countries that have been affected. Many of us remain on high alert, myself included, because we are the parents or children of immune-compromised individuals who are especially susceptible. The purpose of today’s episode is to help you make sense of what’s happening in the investment markets recently and in the near term future, so that instead of focusing on your money, you can keep your focus on remaining healthy.
It’s definitely true that companies that depend on global travel and complex international supply chains could be in serious trouble. But how will this outbreak affect you and your money?
If you’re invested in the stock market with a diversified basket of investments designed to serve your needs and meet your timelines, your accounts are probably down. As you watch values drop, it’s easy to get scared and think to yourself, “Wow, I need to sell before this gets worse.” That’s a normal feeling, and I experience it too!
However, trying to time the market is what the best investors in history have called the loser’s game - and I explain why in today’s episode.
It’s important to note that temporary declines are not rare. Since 1927, there have been 158 2-day periods where the market has declined 4% or more, 49 2-day periods with a decline of 6% or more, 15 2-day periods with a decline of 8% or more, and 5 2-day periods with a decline of 10% or more. Further, the S&P 500 is higher now than it was after downturns following past outbreaks like SARS, Avian Flu, and Zika. So, have no fear, this too shall pass!
Beware media magnification! If you rely on the national financial news media for financial advice, they’ll have your emotions whipsawing. I design Profit Boss® Radio to be your voice of rationality and even-handed, evidence-based wisdom.
If you want to better understand what’s going on in the markets and make better sense of the story the media is trying to spin right now, you don’t want to miss this episode. Tune in to Profit Boss® Radio today!
Here’s what you’ll find out in this week’s episode of Profit Boss® Radio:
- What the coronavirus is, who is at risk, and why it is impacting the markets so significantly.
- Why watching the markets go down right now could be an unfamiliar feeling - and why pulling your investments out is a surefire way to lose money.
- How the media assigns causality to market events, and why no one really understands why the market moves when it moves this fast.
- Why predictions have so little bearing on the stock market - and why risk is already reflected in stock values.
- How to remain calm and confident that the markets will recover.
Follow Hilary on:
Twitter
LinkedIn
Instagram
Facebook
YouTube
Subscri
Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.
278 حلقات
Manage episode 255222392 series 1148202
In this short episode, we’re talking about what’s happening in the stock market in the aftermath of the coronavirus outbreak.
Unfortunately, the coronavirus (COVID-19) is here. My heart goes out to all of the individuals, families, communities and countries that have been affected. Many of us remain on high alert, myself included, because we are the parents or children of immune-compromised individuals who are especially susceptible. The purpose of today’s episode is to help you make sense of what’s happening in the investment markets recently and in the near term future, so that instead of focusing on your money, you can keep your focus on remaining healthy.
It’s definitely true that companies that depend on global travel and complex international supply chains could be in serious trouble. But how will this outbreak affect you and your money?
If you’re invested in the stock market with a diversified basket of investments designed to serve your needs and meet your timelines, your accounts are probably down. As you watch values drop, it’s easy to get scared and think to yourself, “Wow, I need to sell before this gets worse.” That’s a normal feeling, and I experience it too!
However, trying to time the market is what the best investors in history have called the loser’s game - and I explain why in today’s episode.
It’s important to note that temporary declines are not rare. Since 1927, there have been 158 2-day periods where the market has declined 4% or more, 49 2-day periods with a decline of 6% or more, 15 2-day periods with a decline of 8% or more, and 5 2-day periods with a decline of 10% or more. Further, the S&P 500 is higher now than it was after downturns following past outbreaks like SARS, Avian Flu, and Zika. So, have no fear, this too shall pass!
Beware media magnification! If you rely on the national financial news media for financial advice, they’ll have your emotions whipsawing. I design Profit Boss® Radio to be your voice of rationality and even-handed, evidence-based wisdom.
If you want to better understand what’s going on in the markets and make better sense of the story the media is trying to spin right now, you don’t want to miss this episode. Tune in to Profit Boss® Radio today!
Here’s what you’ll find out in this week’s episode of Profit Boss® Radio:
- What the coronavirus is, who is at risk, and why it is impacting the markets so significantly.
- Why watching the markets go down right now could be an unfamiliar feeling - and why pulling your investments out is a surefire way to lose money.
- How the media assigns causality to market events, and why no one really understands why the market moves when it moves this fast.
- Why predictions have so little bearing on the stock market - and why risk is already reflected in stock values.
- How to remain calm and confident that the markets will recover.
Follow Hilary on:
Twitter
LinkedIn
Instagram
Facebook
YouTube
Subscri
Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.
278 حلقات
كل الحلقات
×
1 273: Prenups, Postnups, and Talking About Finances in Marriage with Kara Foster 32:15

1 272: Self-Sacrifice vs. Self-Honoring: Tools to Thrive in Mind, Body, and Finances with Beatriz Victoria Albina 44:14

1 271: Fast, Fair, and Fun: On Reporting (and Consuming) News, with Erica Mandy 31:28

1 270: ADHD and Money: How ADHD Impacts Your Finances with Dr. Stephanie Sarkis, PhD 39:55

1 269: The Power of a Beginner’s Mindset with Tonya Rapley 34:14

1 268: How Highly Sensitive, High Achievers Can Advocate for More with Melody Wilding 33:17

1 267: How to Find the Right Fit (and Most Funds) for College with Dr. Pamela Ellis, The Education Doctor 27:27

1 266: 2024 End-of-Year Routines to Make You Rich(er) 49:08

1 265: Permission to Be Rich: A Conversation of Possibilities with Cathy Heller 45:46

1 264: The Least Fun (and Most Necessary) Part of Building Wealth (7 Steps to Wealth, Step 7: Protect) 26:12

1 [BONUS] Pulse Check: The 2024 Election and Your Money 25:13

1 263: Let’s Talk About Prudent Investing (7 Steps to Wealth, Step 6: Invest) 48:26

1 262: Creating Possibilities–and More Money–in Your Life (7 Steps to Wealth, Step 5: Earn) 35:55

1 261: Your Invitation to Play the Game of Yes (7 Steps to Wealth, Step 4: Ask) 30:25

1 260: How You Talk About Money Matters (7 Steps to Wealth, Step 3: Speak) 36:25
مرحبًا بك في مشغل أف ام!
يقوم برنامج مشغل أف أم بمسح الويب للحصول على بودكاست عالية الجودة لتستمتع بها الآن. إنه أفضل تطبيق بودكاست ويعمل على أجهزة اندرويد والأيفون والويب. قم بالتسجيل لمزامنة الاشتراكات عبر الأجهزة.