How To Survive a Bear Market Attack

Money Guy Show

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

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.6 • 2.8K Ratings

🗓️ 4 January 2019

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

It is no secret that the stock market has been a bumpy road in recent weeks. Any media channel you tune to will highlight the volatile performance of the S&P and Dow Jones. Headlines like, "Dow Plunges More Than 650 Points as Apple Flashes Warning Signs" are quickly followed by, "Stocks Surge After Blowout Jobs Report." For investors, the undulating market performance can be nauseating.

As we traverse what is, most likely, a bear market, we want to make sure that our Money Guy Show fans and Abound Wealth clients don't make short-term decisions that can derail long-term financial goals. Therefore, be sure to tune in to this week's episode to find out what to do if a bear market attacks.

In today's episode, we cover the facts and data about market performance that helps put all the headlines into perspective and can help you sleep easier at night. Equip yourself with the knowledge that can prevent you from making irrational, short-term decisions that could derail your retirement.

For more details, please visit the show notes on our website: https://www.moneyguy.com/2019/01/survive-bear-market-attack/

Transcript

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0:00.0	In case of a bear market attack, break glass and listen to this.
0:07.0	It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,
0:13.8	investing, taxing.
0:15.6	You've got financial questions, he's got financial answers.
0:19.2	It's Brian Preston, the money guy.
0:22.2	Okay, maybe don't break glass.
0:24.4	That sounds a little unsafe.
0:26.7	But if a bear market does attack, listen to this.
0:30.8	It was giving a visual cue reference, but I just don't want all our listeners going
0:34.8	out there breaking a bunch of glass.
0:37.6	All right, I think we're in agreement on that.
0:41.3	So let's talk about this though, because guys, especially this is going to be a special
0:45.7	episode for several reasons.
0:48.5	We are sending this out as a value add to our clients.
0:52.1	So if everybody who's a podcast client, everybody who's a bound wealth client is going to actually
0:58.5	get to see this episode before it goes live.
1:01.6	And part of that is because we know that markets freaking out just does crazy things to everybody.
1:08.5	They emotionally start wanting to head for the exits.
1:12.1	Well, and if you think about it, we really haven't seen a lot of volatility or a market
1:16.5	downturn in quite a while.
1:18.1	So now that it's kind of entered in the fourth quarter of 2018, we're kind of remembering,
1:23.7	oh yeah, this is what it feels like when the market just doesn't go up all the time.
	...

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