Can You Find More Cheddar By Navigating Volatile Markets? (SB1634)

The Stacking Benjamins Show

Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP

Personal Finance, Financial Planning, Education, Retirement, Investing, Cfp, Business, Money

4.4 • 2K Ratings

🗓️ 22 January 2025

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Feeling like the stock market is a high-stakes game of pinball lately? Not sure how to steady your hand when it comes to retirement accounts? In this episode, we tackle the rollercoaster of market volatility with actionable strategies to keep your retirement plans on track. Learn how to create an Investment Policy Statement, whether a Roth IRA still deserves a spot in your portfolio, and smart ways to withdraw from retirement funds without triggering costly mistakes. Plus, discover why trying to time the market is like predicting the weather with a Magic 8-Ball.

Doug shares a tale involving a Chinese couple and some financial advice that’s worth sticking around for. Whether you’re building financial independence or refining your retirement strategy, this episode has you covered.

What We Cover Today:

Market Rollercoaster Madness: Stock, Bitcoin, and why patience pays off.
Creating an Investment Policy Statement: Stay calm and strategy on.
Listener Q&A: Chris from Georgia asks about retirement withdrawals.
Roth IRA Reboot: Is it still a go-to for your portfolio?
Financial Headlines: Why tuning out the noise can save your sanity.
Trivia Time with Doug: A historical nugget tied to financial wisdom.

Highlights from the Episode:

Market Volatility Analysis: Stocks and Bitcoin – what’s up, what’s down, and what you should do about it.
Listener Question: Tapping retirement accounts – the dos, don’ts, and what-ifs.
Investment Philosophy: Why having a policy statement is the ultimate stress reliever.
TikTok Minute: A social media take that’ll have you rethinking the advice you see online.
New Year’s Resolutions: Money nicknames, quirky goals, and strategies for staying on track.
Closing Remarks: Key takeaways to help guide your financial decisions.

Resources Mentioned in This Episode:

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FULL SHOW NOTES: https://stackingbenjamins.com/stock-market-volatility-beginning-of-2025-1634

Tune in now and take the first step toward turning market madness into financial confidence.

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Transcript

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0:00.0	Okay, right here.
0:02.0	It says right here in this account we have $401,000.
0:06.0	Jackpot?
0:07.0	No, that says you have a 401 account.
0:11.0	If you liquidate that right now, you'll have, you know, maybe $5,000.
0:16.0	So what happened to the other $396,000? What is wrong with the two of you? Live from Joe's Mom's Basement, it and what a roller coaster ride the stock market has been on so far this year.
0:48.7	After sinking at the end of last year, it went up a little bit, and then back down, and then it went up a little,
0:54.4	and then back down again even more.
0:55.8	Is this finally the long, slow slide bears have been warning us about?
1:00.6	Heck, even Bitcoin is down.
1:02.5	We'll dive into the stock market and how you should react on today's show.
1:07.5	Plus, we'll answer a great question from Stacker Chris, who wonders about order of operations
1:12.3	when it comes to withdrawing money from your retirement funds.
1:15.5	Where should you begin and which accounts should you save for later?
1:19.2	And of course, we'll share the TikTok Minute and I'll even go so far as to throw in some
1:25.6	of my incredible trivia just because we really, really like you.
1:30.1	And now, here are two guys proving that financial independence isn't a sprint.
1:35.2	It's a shuffle with occasional snacks.
1:38.3	It's Joe and O, Jha, Jha, Jha, gee.
1:44.0	That was so bad.
1:46.7	Should I do that again?
1:48.2	That was so bad.
	...

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