Is the Sky Falling? How to Handle Market Volatility

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

🗓️ 22 October 2014

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Spoiler alert: no, the sky is not falling. Don’t let the financial media get you riled up when they start trying to develop an emotional frenzy. When you start hearing dramatic reports about the stock market from media outlets, it’s important to understand that the actual data paints a very different picture than the talking heads on your TV or radio. 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, taxes.
0:09.0	You've got financial questions, he's got financial answers.
0:12.6	It's Brian Preston, the money guy.
0:15.3	But we ate too much lunch.
0:17.4	We ate way too much lunch, and I think the dessert we have lunch had way too much sugar
0:22.1	in it.
0:23.1	Custard is definitely thicker than ice cream.
0:25.4	Oh yeah, no doubt about it, but it was fantastically delicious.
0:28.8	I don't say so myself.
0:29.8	Okay, guys, what we're going to be talking about today?
0:32.5	I don't even know if that was a good intro, but is the sky falling outside?
0:36.6	Well, what's happened over the last week, Brian?
0:38.3	We just finished the quarter not too long ago.
0:41.7	What's been happening over the past few weeks?
0:43.3	Well, I mean, obviously, volatility has picked up.
0:46.2	And a lot of...
0:47.2	Truthfully, our clients have been great.
0:49.6	I've been so proud of our clients that none of our clients, why shouldn't say none
0:53.2	of them, but only one or two have given us a call and said, hey, Brian, what's going
0:58.3	on with these markets?
1:00.3	You know, why are they freaking out about things?
	...

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