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Ready For Retirement

4 Steps to Navigating Down Markets

Ready For Retirement

James Conole, CFP®

Investment Planning, Bonds, Education, Stocks, Cash, Business, Dividend Investing, Retirement Planning, Retirement, Investing, Tax Planning

5706 Ratings

🗓️ 22 March 2022

⏱️ 33 minutes

🧾️ Download transcript

Summary

In this episode of Ready for Retirement, James discusses 4 ways to navigate market downturns. Questions Answered: How should investors approach down markets? Why do you need to have more than just a good financial plan? How do you implement the guardrails approach?We’re on YouTube! Check us out here for more content to help you create a secure retirement: YouTube - Root Financial Partners LET'S CONNECT! FacebookLinkedInWebsiteENJOY THE SHOW? Don't miss an episode, subsc...

Transcript

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0:00.0

Discover the tips and strategies that will help you achieve your retirement goals.

0:09.3

I'm your host, James Canole, and this is the podcast dedicated to helping you retire well.

0:14.4

It all starts right here on Ready for Retirement. for retirement.

0:27.1

Hi, everyone.

0:29.3

Welcome back to another episode of Ready for Retirement.

0:30.7

I'm your host, James Knoll.

0:35.1

And I want to set some context for today's episode, because depending on when you're actually listening to this, these facts will certainly be

0:37.6

different. But as of this recording, the NASDAQ is down 20% from its all-time highs. The S&P 500 is down

0:45.1

about 12% from its all-time highs. The E-Fi, so an international index, is down about 13% from

0:51.7

its all-time highs. And as of this recording, inflation is the highest it's been in several, several years.

0:58.6

As of this recording, Russia is invading Ukraine, which is causing a lot of unrest globally

1:02.9

in questions of what's going to happen next.

1:05.5

So as of this recording, there is a tremendous amount of uncertainty happening around the world, which as

1:12.2

investors gives us a lot of concern as well. So in today's episode, what we're going to talk about

1:18.0

is we're going to talk about four steps to navigate down markets. As an investor, how should we

1:23.1

be reacting here? What are the things that we should be doing as we look to get through these

1:28.4

types of experiences? And whether you're listening to this right when the episode comes out,

1:32.8

so some of these things are a little bit more timely, or whether you're listening to this a

1:36.2

year or two down the road, a lot of these principles are going to be timeless, meaning whether

1:40.9

it's because of Russia invading Ukraine, whether it's because of inflation,

1:45.3

or whether it's because of some other crisis that is happening in the future, these principles

1:49.9

are going to be timeless. So I don't want you to think that if you're listening to this and the

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