How Ice Baths Can Keep You From Freaking Out When The Index Experiences A Small Pullback

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 31 July 2024

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Did you know ice baths can help you keep a cool head when the markets experience a small pullback? They have so many additional benefits you may never thought of! In this weeks episode we discuss ice baths, the market, housing data, and more.

We talk about confusing and contradictory signals in current trends, the importance of being cautious during a statistically weak period in the stock market, and watching market trends closely to make informed decisions.

Today we discuss...

Morning routines for stress relief and energy.
The confusion and contradictory signals in current financial markets.
The importance of being cautious, especially during a statistically weak period for the stock market.
Watching market trends closely to make informed decisions.
There is a mention of a listener, Charles, who corrected an error about the company behind Three Mile Island.
How the bond market is indicating that rates may drop soon.
The conversation touches on the performance of various market indexes like the S&P 500, NASDAQ, and Russell 2000.
They note that the market is confusing, with different sectors showing different trends.
Lightening up portfolios during the current period, which is typically weak statistically.

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners

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For more information, visit the show notes at https://moneytreepodcast.com/small-pullback-ice-baths-629

Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.8	Stock market, wealth, personal finance, value stocks, invest in your life.
0:11.0	Hello, Smart Money Tree Podcasts.
0:12.6	Let me start that again because it is Monday morning and I'm not at my coffee yet.
0:16.7	Probably because I don't drink coffee.
0:18.2	Hello, Smart Money Tree Podcast listeners.
0:19.9	Welcome to this week show.
0:20.8	My name is Kurt Chisholm and I'll be your host. And today I'm joined with my good friend,
0:24.3	Doug. Hey, Renee, Doug. Good morning, Kirk. I have my tea this morning. Can't believe you don't drink
0:28.6	coffee. Well, lucky you. This is why you can afford financial plan. Yes, not drinking Starbucks coffee is part of
0:38.7	my financial plan because it's so expensive. But that being said, I will tell you, I don't have
0:43.7	coffee, but I just did start a morning routine. And this morning, I did not have that because I slept in
0:49.6	and didn't realize you're doing this taping at 9 a.m. because it wasn't in my calendar. So I'm a little rough this
0:54.2	morning, but I will say that my morning routine is this. I did this during COVID. And during
1:00.0	COVID, I'll kind of recant this for all those of you who actually want to recant what happened in
1:06.6	COVID. So in COVID, we kick things into high gear because we were just getting like bombarded with people calling us.
1:12.7	We need help.
1:13.3	Like world's ending and all this.
1:15.0	So we were just on adrenaline for like months.
1:18.7	And then once that kind of slowed down, there's a good book called The Survivors Club.
1:22.8	And the Survivors Club really talks about how people deal with stress and bad events, usually catastrophic events,
1:29.4	like a capsized boat or plane crash, things like that. Anyway, it started kind of going through
	...

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