Money Moves to Make When the Stock Market Drops

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 7 August 2024

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Financial advisers generally recommend that individual investors avoid knee-jerk reactions when stock-markets drop. Wall Street Journal personal-finance reporter Joe Pinsker joins host J.R. Whalen to discuss exceptions to that rule. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's 4 a.m. and you're sucking baby snot through a tube because she's congested.
0:04.0	If you love her that much, love her enough to make sure she's buckled in the right car seat.
0:08.0	Find out more at NHTSA.
0:10.0	G.gov slash the right seat.
0:12.0	Brought to you by the National Highway
0:12.8	Traffic Safety Administration and the Ad Council.
0:17.0	Here's your money briefing for Wednesday August 7th. I'm J.R. Whelan for the
0:21.8	Wall Street Journal.
0:26.0	Watching the Dow Jones Industrial Average lose 1,600 points Friday and Monday,
0:31.0	caused many individual investors to hit the sell button or make
0:35.2	significant changes to their portfolio. It's better to make a plan in advance for
0:40.9	times like this than to rapidly and frantically try to adjust course in the moment.
0:47.0	The financial plans that we set up in calmer times, those are likely going to be wiser
0:52.4	than any rash decisions that we make in anxious moments.
0:57.0	But there are exceptions to the rule.
0:59.0	We'll talk to personal finance reporter Joe Pinsker about that after the break. maybe snout through a tube because she's congested.
1:12.7	If you love her that much, love her enough to make sure she's buckled in the right car seat.
1:16.6	Find out more at n-H-T-Sa.gov slash the right seat.
1:19.8	Brought to you by the National Highway Traffic Safety Administration and the Ad Council.
1:23.0	With all the stock market volatility over the past week,
1:31.0	individual investors have the urge to sell, despite what many
1:35.3	financial advisors recommend.
	...

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