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Be Wealthy & Smart

342: ENCORE: 10 Things to Do When the Stock Market Crashes

Be Wealthy & Smart

Linda P. Jones

News, Business News, Investing, Business

4.8883 Ratings

🗓️ 20 November 2017

⏱️ 12 minutes

🧾️ Download transcript

Summary

Learn what to do, what not to do, how to be safe and where to put money when the stock market crashes.

Transcript

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0:00.0

Be wealthy and smart, episode 342.

0:02.8

I'm gonna live the rich life.

0:06.8

Rich life.

0:07.8

If y'all know what I mean, put your hands up and declare with me

0:13.7

Yeah, I'm full of faith I'm gonna live a good life I'm gonna live the good life

0:21.1

The beautiful and glorious life Step into a world of wealth of wealth and financial freedom without budgets, boredom or bosses on

0:31.3

be wealthy and Smart.

0:34.0

And now here's your host, Linda P. Jones.

0:38.6

Welcome to Be Wealthy and Smart.

0:40.1

I'm Linda P. Jones, America's Wealth Mentor, Empowering Women and Men Worldwide to Financial Freedom.

0:46.0

On today's show, I'm going to share with you an encore of an episode where I talked about 10 things to do when the stock market crashes.

0:55.2

These are important things to know because we're overdue for a severe, significant, and

1:01.4

by that I mean 20% or more stock market pullback.

1:05.8

We're due for this and we haven't seen it yet.

1:09.2

And I wanted to share this with you because when that happens it might be fast it might be severe and

1:16.5

you might not know exactly what to do on this podcast I wanted to talk with you about the things

1:21.8

you should do and the things you

1:23.2

shouldn't do so you're prepared when we do have that inevitable sharp pullback.

1:28.6

Stock market pullbacks and crashes are part of investing, so you need to have a strategy to handle

1:36.2

them.

1:37.2

Rather than hoping they won't happen, you have to accept them as part of investing and learn what to do because the stock market drops about 10% every 11 months on average.

1:49.0

The Dow Jones Industrial Average has dropped 20% 12 times since the end of World War II.

...

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