Don’t Scream “Get Me Out!” How to Stomach Market Dips - 156

Your Money, Your Wealth

Realestate, Income, Investing, Personalfinance, 401k, Rothconversion, Retirement, Education, Taxes, Socialsecurity, Personalfinances, Finance, Retirementplanning, Investments, Stocks, Business, Roth, Fiduciary, Ira

2.3 • 681 Ratings

🗓️ 22 February 2018

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

What happened to the market correction, what happens next, and how can you avoid hitting your GMO (get me out) point? Larry Swedroe of the BAM Alliance and ETF.com gazes into his crystal ball. Plus, 5 questions to ask your estate planner after the new tax law, and what happens to your social media estate after you die? Who will manage all those videos of Joe playing golf on Instagram?

Transcript

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0:00.0	Your Money, Your Wealth listeners, let's get you on the show. Call 888-994-6257 for your chance to have Joe and Big Al answer your burning money questions live during Your Money, Your Wealth. Whether it's about retirement, investing, Social Security, taxes, or preparing your portfolio for the inevitable market volatility, there's a pretty good chance these fellows
0:21.1	can give you the insight that will help you make better money moves.
0:24.6	That number again is 888-994-6257.
0:28.2	888-994-6257 for your chance to have your question answered live on your money, your
0:34.5	wealth.
0:35.5	Risk thoughts to show up, markets crash, and these investors have to then panic and sell,
0:41.4	and that exacerbates the fall.
0:44.1	Markets go down, then the next group of investors hit what I call their GMO point
0:49.6	when their stomach screamed, get me out!
0:53.9	And they panic and sell. And that's how you get crashes.
0:58.2	That's Larry Swedro, director of research for the BAM Alliance and writer at ETF.com.
1:03.4	So what happened to the market correction? What happens next? And how can you avoid hitting your
1:08.0	GMO point? Stick around as Larry gazes into his crystal ball.
1:11.9	Plus five questions to ask your estate planner
1:14.3	about everyone's least favorite topic
1:16.3	after the new tax law.
1:17.7	And what happens to your social media estate after you die?
1:21.0	Who will manage all of those videos
1:22.9	of Joe playing golf on Instagram?
1:24.9	With answers to these questions and more,
1:26.7	here are Joe Anderson's CFP and Big Al Clopine
1:29.3	CPA.
	...

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