The Big Picture Retirement Show does not provide specific tax, legal, or financial advice.

Listeners are encouraged to seek out their own advisors in these areas.

Hello, everyone. Welcome to The Big Picture Retirement Show. This is the podcast for anyone

who is planning for or living in retirement.

I'm Steve Stewart, the engineer, sitting in for the talented and good-looking Devin Carroll and his equally good-looking co-host, John Ross, to bring you today's replay episode.

You see, with all the volatility in the stock market this month or two, actually for the past

few years, but we'll just go with it with the last month or two, Devin and John thought it

would be a good idea to replay an episode where they talked about the five lessons they've

learned from market declines. What you're about to hear originally aired on May 29th, 2017,

exactly 17 months ago.

Whether you've heard this episode before or you're brand new to the big picture

retirement show and haven't quite yet binge listened to all the episodes, stick around to

the end of this one because at the end of this replay, I'm going to give you historical data

for the Dow Jones Industrial Average and the S&P 500 compared from when

this episode originally aired in May of 2017 to today, the end of October 2018.

And I think you'll be surprised at the numbers.

Not saying it's really important, but to kind of prove a point that Devin and John are going

to present to you here in this replay today

of the five lessons learned from market declines. John, not long ago, we had an episode where I was

talking about some mistakes that I've made as a financial advisor. Sure. Yeah, mistakes are normal.

It happens. I was just telling you about a mistake before we got started, but this is not the episode for that. I make screw-ups occasionally, right? Everybody does.

If anybody says they don't, they're a liar, and you can run away from that person.

...