1224: What To Do When Stocks Go Down by The Finance Twins on Index Fund Investing During A Recession

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Investing, Self-improvement, Education, Business

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🗓️ 16 July 2020

⏱️ 6 minutes

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Summary

The Finance Twins share what to do when stocks go down. Episode 1224: What To Do When Stocks Go Down by The Finance Twins on Index Fund Investing During A Recession Camilo and Francisco Maldonado are the Finance Twins. Most people think money is confusing unless you are an accountant. We used to think that too. After working incredibly hard and catching several lucky breaks, we realized so many people are looking for ways to learn about personal finance, how to manage money, and how to get out of crippling debt. They have tons of tools and resources as well as countless articles that have everything you need to start your path to financial freedom. The original post is located here: https://thefinancetwins.com/what-to-do-when-stocks-down/ Visit Me Online at OLDPodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is where I read to you
0:02.0	episode 1224 what to do when stocks go down by the finance twins of the finance
0:08.0	twins dot com
0:09.4	and I'm Dan I'm your host and this is where I read to you from some of the very best blogs on personal finance every single day including weekends and holidays.
0:18.0	And for more blogs being narrated to you daily, please check out optimal living daily.
0:23.0	Just search for that in the podcast app of your choice, perhaps where you're hearing me
0:27.0	right now, and then hit subscribe to hear a lot more great articles narrated to you for free.
0:32.2	But for now, let's get right to it and continue
0:34.2	optimizing your life.
0:37.0	What to do when stocks go down by the Finance Twins of the Finance Twins.com.
0:46.4	If you're wondering what to do when stocks go down, you're not alone.
0:50.0	This is a question we've started to get asked more and more.
0:53.0	The stock market has been dropping and everyone is afraid that the incredible market performance
0:57.4	is going to slow down and their 401ks will lose a lot of value.
1:01.5	So what should you do with your investments when stocks go down? The short
1:05.2	answer is nothing. Don't change a thing when the stock market drops and the prices of your stocks
1:10.4	go down. The problem with doing nothing is that it's hard. It goes
1:14.3	against our natural instinct and desire to be proactive so that we aren't the last to
1:18.6	move. Buy high and sell low is the mantra of investing, right?
1:23.0	Everyone wants to react when they see their investments lose value when the stock market
1:27.6	drops.
1:28.6	On the other hand, they want to invest more when the stock market is shooting up. The problem here is that it's
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