390- Turbulence

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.6 • 1.6K Ratings

🗓️ 11 October 2022

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

For some people, looking at the bigger picture of investing is what draws them to invest in the first place. They see the possibility, get excited, and want to learn how they can be a part of the excitement and benefit from the earning potential. However, before diving right in, it’s essential for investors to prioritize balance between creating strategies they believe will lead to success and being patient enough, especially through times of market volatility, in order to see long-term gains. Truth is, most people want to be in successful, long-term investing positions, but when you’re just starting out, it can be challenging. The best investors show their true potential in how well off their portfolio is, even after an economic downturn. This week on InvestED, tune in to hear Phil and Danielle explain that while it can be difficult to know how to navigate a turbulent market, having patience and a strategy for enduring the hard times is key in order to see any payoff coming out on the other side. To learn more about how to stay centered in your investing practices, download your copy of 4 M’s Investing Guide to invest successfully: http://bit.ly/2TZ3Bls Topics Discussed: Big picture investing Market downturns How to stay prepared Resources Discussed Li Lu article 4 M’s for Successful Investing Guide 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	anti-mini cheddar they don't get cheddar than this could be the greatest cheese
0:07.0	no cover they might well-breed I just wish I had my own packet gives another no
0:12.3	chance you're better by your own well that's mature add some cheese to the moment
0:17.0	with mini-chedders baked with real cheese
0:22.0	everybody this is Phil town and this is Danielle town welcome to the
0:32.7	invested podcast you guys know what we do here at least what we try to do
0:39.0	last time we were talking about sort of the soft side of things which we get
0:42.6	into once and a while and the time before that we've been very philosophical
0:46.0	I did get a really nice text from a friend who listens and he said he loves
0:52.2	it when we get off onto those bigger picture parts of investing because I
0:57.7	think for so many of us it draws us to this practice it draws us to this
1:03.2	activity however you want to think about it I feel like people who don't
1:08.0	care about that part of it like we're finance majors and went to business
1:12.6	school and went to Wall Street and those of us who didn't go that way we need
1:17.3	a little something more and it's almost like if you're if you're a person that
1:21.5	went to business school finance degrees ended up on Wall Street it's like it's
1:26.8	very difficult for people who've gone through that sort of paradigm absorbing
1:33.3	that paradigm of Wall Street very difficult for them to see the value of this
1:36.7	yeah it is so different I saw an article recently that was describing our
1:41.5	methods of investing as being really out of reach and and the reason that they
1:47.5	thought it was out of reach they were writing about professionals on Wall Street
1:50.9	we simply can't do this yeah well I would say that's correct if you want to sit
	...

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