How to Prepare for Tech Bubble 2.0
Stay Wealthy Retirement Podcast
Taylor Schulte, CFP®
4.7 • 678 Ratings
🗓️ 11 January 2022
⏱️ 7 minutes
🧾️ Download transcript
Summary
A near-record number of tech stocks have fallen by 50% or more from their one-year highs.
Is this the beginning of tech bubble 2.0?
If so, how will other asset classes behave?
How should retirement savers prepare?
One of our listeners, John H., recently reached out with these (great) questions.
If, like John, some of the recent headlines around tech & growth stocks have you concerned, you'll enjoy this listener mailbag episode.
Transcript
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| 0:00.0 | Welcome to the State Wealthy Podcast. I'm your host, Taylor Schulte, and in case you missed it, the NASDAQ is now down about 8% from its recent all-time highs. |
| 0:14.0 | Here are just a few of the headlines that I've seen recently. Wall Street tumbles as tech stocks extend their slide. Dow drops 300 points. Tech stocks keep sinking. |
| 0:24.7 | Tech stocks slipped as bond yields have spiked. In response to these recent events and likely many of these |
| 0:30.8 | headlines, one of our listeners, John H, emailed me worried about a repeat of the dot-com bubble in the late 90s and what to do if we were to see another bursting of the tech bubble. |
| 0:41.5 | Well, I won't pretend to know what's around the corner and you guys know I'm a strong believer in a buy-and-hold approach to investing, |
| 0:47.7 | but his question actually brings to the surface an interesting and little-known historical stat about asset classes and the markets. |
| 0:55.1 | It also serves as a really good reminder to be sure that you are invested properly, which |
| 1:00.4 | I briefly mentioned in last week's episode, because when, not if we see a double digit |
| 1:06.7 | percentage drop in our portfolios, we have to buckle down. |
| 1:09.9 | We have to stay the course. And more |
| 1:11.5 | importantly, we have to maintain control of our emotions. Bear markets and catastrophic events are not |
| 1:17.3 | the time to be making major changes to your portfolio. So whether we see a repeat of the dot com |
| 1:23.2 | crash or not, I urge you to use this time wisely to review your financial plan, review your |
| 1:28.8 | investments, and be sure that those two things are working together, aligned, and moving in the |
| 1:33.6 | same direction. If they are a bursting of the tech bubble or growth stock bubble or some |
| 1:39.2 | other threat to the markets that's out of our control should mostly be irrelevant. And by irrelevant, I don't |
| 1:45.1 | mean that you shouldn't pay attention or stay informed or that these things aren't important. |
| 1:49.6 | I just mean that you shouldn't let these events that are outside of your control cause irrational |
| 1:54.2 | changes to your portfolio if you have a sound plan and approach in place. Back to John's question, |
| 2:00.7 | one of the problems with following the financial media and more |
| 2:04.2 | specifically paying attention to major stock market indexes is that you don't always get |
| 2:10.2 | the whole story. |
... |
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