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InvestED: The Rule #1 Investing Podcast

255- Coronavirus: What Does This Mean For The Market?

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.61.6K Ratings

🗓️ 3 March 2020

⏱️ 43 minutes

🧾️ Download transcript

Summary

Last week the market dropped about 10%. With lots of discussion around the market right now due to these historically low numbers, Phil and Danielle open up their own conversation on the matter. For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hey everybody this is still town and this is still town and this is

0:07.7

Danielle town welcome to the invested podcast where we are attempting to learn to invest like the greatest investors in the world.

0:15.2

We are deep into following Warren Buffett, Charlie Munger, Ben Graham, great value investors who are looking for a bargain when the market gets

0:27.4

crazy and the markets are getting crazy now.

0:32.4

They are.

0:34.0

We, so we've been doing a series on checklists and we had to break into our series here

0:41.4

because this past week has been so crazy in the markets because of the fears

0:47.7

about coronavirus and because of the reality of coronavirus. So we wanted to just make sure that we address this

0:55.5

because we've been sitting here for years

0:58.9

talking about how markets can crash.

1:01.9

And we're not in a crash officially but they lost about so we're recording this

1:09.6

Monday what date is it Monday the second of March so the day before this comes out because that's as late as we can go before

1:17.8

recording without recording and as of last week the market dropped overall about 10% which is not yet a crash they call it a correction I learned

1:31.1

But it's enough to where people are starting to talk a lot, people like us who have been sitting around in cash and waiting.

1:38.0

And certainly, I spent the weekend putting my numbers in order and making sure I knew what my plan was.

1:45.0

I'm glad and I'm glad you have a plan. That's the first thing. This is really

1:50.9

really good. By the way when when we talk about the market,

1:54.0

we're talking about specific,

1:56.0

and we say it's down 10%,

1:58.0

we're talking specifically

2:00.0

about a couple of indexes

2:02.0

that are used to... I was talking more generally because I think you could talk generally but I don't I think they I think they I think they dropped I think they dropped like different levels. So I was saying generally it was about 10%, but I think the NASDAQ didn't.

...

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