1869: What Should You Do with Your Stocks if the Stock Market Crashes by Ramit Sethi of I Will Teach You To Be Rich

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 22 April 2022

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ramit Sethi of I Will Teach You to be Rich shares what to do when stocks are down. Episode 1869: What Should You Do with Your Stocks if the Stock Market Crashes by Ramit Sethi of I Will Teach You To Be Rich Ramit wants to use money to say YES. He knew there was a better way to live a rich life—if we could use psychology to focus on what actually works. Not just for personal finance, but all aspects of life: money, careers, relationships, business, fitness, and more. Since then, he's been testing and sharing his findings with the world via I Will Teach You To Be Rich. He's also written a New York Times bestselling book, been profiled in a 6-page Fortune article, and been pictured next to Warren Buffett in Forbes Magazine, as well as been featured by a long list of media, including the Wall Street Journal, ABC News, NPR, Fox Business, PBS, CNBC, and more. He also has tons of documented success stories—more than 20,000. The original post is located here: https://www.iwillteachyoutoberich.com/blog/stocks-are-down-what-to-do/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, Episode 1869.
0:04.4	What should you do with your stocks if the stock market crashes?
0:08.8	By repeat, say T, of I will teach you to be rich.com
0:13.2	and I'm your host and personal finance enthusiast, Diana Merriam.
0:17.7	Now let's get right to today's post as we optimize your life.
0:25.9	What should you do with your stocks if the stock market crashes?
0:30.2	By repeat, say T, of I will teach you to be rich.com
0:35.5	When the stock market crashes, so can your stomach write down to your shoes.
0:41.0	Seeing all that money disappear at once can be frightening to anyone
0:45.5	no matter how stoic or optimistic you are.
0:49.0	It isn't easy to know what to do when stocks are down.
0:53.0	It might be cliche but as the saying goes, what goes up must come down.
0:58.9	However, when your stocks dip, it isn't the time to panic and drop out.
1:04.0	For anyone who has invested in the stock market, drops are an ideal.
1:08.8	However, you have to know that stocks going down is to be expected
1:13.5	since they can't always go up.
1:16.1	If you're worried about your stocks and their value as you watch the stock market crash,
1:21.0	here's our advice for what to do when stocks go down.
1:25.4	Why do stocks go down?
1:28.1	First, let's start by outlining why stocks go down in the first place.
1:33.4	Stock market prices go up and down every day because of market forces.
1:38.6	The share prices end up changing due to supply and demand.
	...

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