COVID-19 + What You Should Be Doing Right Now With Your Financial Plan

Stay Wealthy Retirement Podcast

Taylor Schulte, CFP®

Financialplanning, Retirement, Money, Taxplanning, Stocks, Wealth, Business, Investing, Retirementplanning

2.4 • 606 Ratings

🗓️ 24 March 2020

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

I hope you, your family, and friends are staying safe during these difficult times.

In today's bonus episode, I'm discussing COVID-19 and sharing some thoughts on the current state of the financial markets.

I'm also sharing three actions to consider taking right now with your investments and retirement plan.

Transcript

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0:00.0	Hey, everyone. Welcome to the Stay Wealthy podcast. If you are a first time listener,
0:16.1	thank you so much for joining us. My name is Taylor Schulte, and I am the host of the show. I am also a father of
0:23.1	two crazy boys, Sawyer and Sutton and the husband to an amazing wife, Lara, who actually
0:28.8	met in college at the University of Arizona. We are all doing well under these crazy, kind of weird
0:36.1	circumstances and I hope that you, your family,
0:39.1	and your friends are staying safe too. If you're a regular listener to the show, you know that
0:43.3	I'm releasing this episode outside of our normal schedule. Given all this craziness, I just wanted
0:48.6	to touch base with our audience and share some thoughts around the financial markets and also COVID-19.
0:55.0	I've been hanging back and I was actually hesitant to publish anything at all
1:00.0	because there's just what seems to be an endless amount of news and information out there circling around.
1:06.0	And I don't know, I just didn't really know if I wanted to add to all the chaos.
1:10.0	But there are a few things that I want to highlight that I hope didn't really know if I wanted to add to all the chaos. But there are a few
1:11.4	things that I want to highlight that I hope are helpful to you and your family and friends as you
1:16.0	battle through this challenging time. For what it's worth, this episode is completely unedited.
1:22.6	My podcast producer has no idea that I'm publishing this. So just keep that in mind if things
1:27.0	sound or feel a little
1:28.1	bit different today. And like always, I'll be mentioning some resources and sharing some numbers with
1:32.5	you today. So if you want to find any of those, just go to the show notes at you staywealthy.com
1:39.0	forward slash 66. Okay. So let's start with the financial markets and your investments, since I know that's
1:47.4	top of mind for a lot of you. There are three things that I want to share today. One, at least in
1:52.4	regards to the financial markets. One, I want to share an update on how diversified portfolios
1:58.0	are performing right now. Two, a reminder for how I think most people should hedge their investments against stock market risk.
	...

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