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The Clark Howard Podcast

04.22.25 Ask An Advisor With Wes Moss

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.64.9K Ratings

🗓️ 22 April 2025

⏱️ 34 minutes

🧾️ Download transcript

Summary

Scared to Spend? Don't Cancel Plans and #1 Investment Benchmark Worried about the market and your upcoming vacation? Fiduciary financial advisor Wes Moss explains why you shouldn't cancel your beach trip due to market volatility. Learn a rational approach to navigating bear markets and protecting your life plans. Also, Wes reveals the surprising investment benchmark everyone is really watching (and why it might be misleading you!). Plus, Christa shares your #AskWes questions and Wes gives his take. All this and more on the April 22, 2025, Ask an Advisor episode of the Clark Howard podcast. Submit your questions at clark.com/ask. We hope you enjoy our weekly Ask An Advisor episodes, in which Christa and Wes discuss investing and retirement savings in depth. Let us know what you think in the comments! Learn more about Wes:  Wes Moss, CFP® Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to Ask an Advisor, where we here at Team Clark talk with fiduciary financial advisor

0:10.8

Wes Moss about the economy, investing, how to save for your future.

0:16.0

There's an awful lot to be talking about when it comes to the economy, our futures, our retirement futures.

0:22.1

Krista, thanks for having me, of course.

0:23.8

Yes, so it's always great to talk with you, Wes.

0:25.9

Thank you so much to everybody who tunes in every week and watches us on YouTube.

0:29.8

If you want to submit a question to Wes or to Clark, who will be back tomorrow, you can go to clark.com slash ask.

0:36.9

And today we're going to talk about something that I'm

0:39.4

curious about. Should we cancel our beach trip this summer if we're planning on going on one

0:45.2

because of the stock market? And if there's a bear market, what do we do? Also, later on,

0:50.6

what is the most popular benchmark that most of us look at when it comes to our investments?

0:56.2

And I think you're going to tell us if that is actually the right one that we should be looking at.

0:59.4

That's a good way to put it.

1:00.6

Right.

1:00.9

So benchmarks.

1:02.0

What are we judging our portfolio against or with?

1:05.7

So you want to start with, and this really hits close to home for me. And this is, I think, a very real life situation.

1:14.0

Well, it is a real life situation. That's why I'm bringing it here because I think I would not doubt

1:18.9

that as we approach the, I guess it's travel season all year long. I mean, but particularly in the

1:24.9

summer when you may want to go somewhere, you may want to take

1:28.0

your family, your kids, or maybe you're going as the grandparent and you're taking your kids

1:32.6

and then their kids, and maybe because we live in the southeast, a popular destination is Florida.

...

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