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Radical Personal Finance

706-Current Events: Coronavirus, Recession, Stock Market, and Risk Management

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Self-improvement, Business, Education, Investing

4.21.9K Ratings

🗓️ 6 March 2020

⏱️ 51 minutes

🧾️ Download transcript

Summary

Current events show today. Let's discuss:

  • COVID-19
  • Economic prognostication
  • Stocks
  • Risk Management

Enjoy!

Joshua

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to Radical Personal Financing Show dedicated to providing you with the knowledge, skills, insight, and encouragement you need to live a rich and meaningful life now, while building a plan for financial freedom in 10 years or less.

0:10.0

Today in the show we're going to do something we don't normally do.

0:12.8

Today is March 6, 2020, and today we're going to talk about current events.

0:18.0

Try to keep the show very much focused on things that aren't necessarily current. My goal is that somebody listening to

0:25.0

radical personal finance in 2020 is just as finds most of the content just as relevant as someone

0:31.8

listening in 2030 and I hope that even

0:34.3

you know 50% of the content is relevant in 21-20 just like it would have been relevant in 1920.

0:40.3

That's my general hope now of course that's hard to achieve, but that's my goal. But today we're going to break that general trend and we're going to talk about some current events.

0:50.0

So I want to give you just some updates and let's just chat with you a little bit about COVID-19, talk to you about some economic prognostication and talk with you about the stock market, which has been quite the up and down ride over the last couple of weeks.

1:05.2

One thing that I do not feel that I do not miss about Perking as a professional financial

1:10.8

advisor is I don't miss fielding phone calls during market

1:14.0

volatility. I'm very happy to be on the sidelines and just care for my own money

1:19.5

and but I do still feel a responsibility to talk to you.

1:23.0

And so I want to try to do that here with some updates.

1:26.0

And then, so we're going to talk about COVID-19,

1:27.8

we're going to talk about economics,

1:28.8

we're going to talk about the stock market,

1:29.8

and then if there's time, we're going to talk about,

1:31.4

just again, your planning so that you can have an

1:35.0

intelligent response to risk. Let's begin with COVID-19. I would prefer to wait a

1:39.3

few more weeks to get more data before having an opinion, but I think that would be just simply kind of

1:47.9

weasley of me kind of chicken to sit back and not share with you some ideas.

...

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