How Should You Invest During a Market Downturn?

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Investing, Business

4.7 • 3.1K Ratings

🗓️ 16 January 2023

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It can be frustrating and scary investing when the markets don't look great. So what should you do during a market downturn? We'll walk you through that question and more in today's Q&A episode! Watch more exclusive content only on YouTube! Visit our website - Get our FREE financial resources - Check out our course, Know Your Number! - Sign up for our Financial Order of Operations course - Get easy to understand answers to your financial questions Follow us on social media! -Instagram -Twitter -Facebook -TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,
0:07.0	investing, taxing.
0:09.0	You've got financial questions, he's got financial answers.
0:12.6	It's Brian Preston, the money guy.
0:15.6	Okay, S-S or SCCA 9526 has a question.
0:21.9	He says, my wife and I just got married and she has a much lower risk tolerance than
0:27.1	I do.
0:28.4	That's the best way to encourage her and us collectively to invest during a downturn
0:34.9	because we know the market has kind of been all over the place recently.
0:40.6	What would you guys say to her?
0:42.3	Yeah, so this is interesting.
0:44.8	I'm going to give you two answers.
0:46.0	I'm going to give you like the academic financial answer and then I'm going to give you
0:50.2	the spouse answer because sometimes those two don't always align.
0:54.1	When it comes to risk and figuring out risk and solving for risk and one of the ways that
0:59.1	you can account for risk is really through education.
1:01.8	The more that you understand something, the more comfortable you can become with that
1:06.5	risk.
1:07.5	We're watching this show on Netflix right now called Wild Croc territory.
1:09.5	I don't know if you've seen it.
1:11.0	It's wild.
1:12.0	It's so good.
	...

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