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Afford Anything | Make Smart Money Choices

Ask Paula: Is the Stock Market Going to Crash in 2020? How Should I Invest in a Bear Market?

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.73.6K Ratings

🗓️ 16 March 2020

⏱️ 96 minutes

🧾️ Download transcript

Summary

#247: Caroline wants to buy her first home in Denver, CO. How can she calculate how much mortgage she can comfortably afford? Anne plans to retire later this year on rental income (woohoo!). She’s saved up a hefty emergency fund for her properties, and she wants to know 1) if she should invest a portion of this in index funds, and 2) whether she should rebalance her portfolio to account for this huge cash allocation. Anonymous Nurse has over $100,000 in debt, not including their mortgage. They want to invest in rental properties, but with so much debt, they're thinking of selling their home or renting it out. Which option is best given their interest in real estate? Joy wants to know if she should put $50,000 towards her primary residence mortgage, or use it as a downpayment on her first rental property. What are the pros and cons of each option? Anonymous owns a cash-flow positive condo...on leased land. The land will revert back to the owners in 32 years. When is the best time to sell this property? I answer these five questions in today’s episode. Enjoy! For more information, visit the show notes at http://affordanything.com/episode247 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Hey, before we start today's episode, I want to share one thing.

0:03.6

I recorded today's episode in two sessions recorded on Thursday, March 12th, and Friday,

0:09.9

March 13th.

0:11.8

Currently, as of the time that I'm recording this, it is Sunday night, March 15th, and listening

0:17.6

to this episode is like discovering a time capsule.

0:22.6

Oh, that's what the world was like 48 hours ago.

0:26.4

That was so long ago.

0:28.0

I've forgotten.

0:29.8

In the two days between Friday the 13th and today, Sunday the 15th, New York City shut down.

0:38.5

The Fed cut its rates to zero.

0:40.0

Student loan interest got waived.

0:42.5

That was just this weekend.

0:44.6

So number one, if when you listen to this, this sounds like the stuff of a simpler time,

0:51.6

a time of 72 hours ago.

0:54.9

Yeah, that's because it was.

0:57.1

And number two, I'm going to be much more active.

1:00.2

There's a lot going on right now, both economically and with regard to public health.

1:04.9

I'll be posting on my website, affordanything.com.

1:07.0

I'll be frequently updating Twitter.

1:08.6

You can follow me there at a Ford anything.

1:11.4

So please, please, stay the F home.

1:16.0

Let's slow the spread of this disease.

...

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