Professional Development: What Should You Do With Your 401k When Stocks Are Down

Earn Your Leisure

EYL Network

Education, Entrepreneurship, News, Business News, Investing, Careers, Business

4.8 • 7.8K Ratings

🗓️ 11 March 2023

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this Professional Development we discussed the importance for investors and those with 401ks to recognize the signs of a bear market and take steps to protect their investments. This includes diversifying, staying disciplined, and holding on to your investments instead of panic selling.

#earnyourleisure #investing #stockmarket

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Transcript

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0:00.0	The average 401k lost 20% of his value last year.
0:04.6	What should the audience do to increase gains in their long-term portfolios?
0:08.6	This should come to market.
0:09.4	Money is live.
0:10.0	And I'll say it's the best decision that you can make.
0:12.0	I wrote that down.
0:12.7	Hey, I mean, listen, two-tack, two index, no stress.
0:15.5	But the truth is like you have to learn,
0:17.1	go back to the accountability part.
0:18.6	No one cares about your money the way that you will.
0:21.4	So you have to learn how to invest in your own.
0:23.3	And you also, so here's the thing.
0:25.0	I came into the financial advisor in 2007 that
0:29.0	worst economic downturn.
0:31.8	That was how long Earth, man, since the, since the great depression,
0:36.3	nothing that we've seen this year or last year is remotely close close to that.
0:41.5	I thought the country is going to fall apart.
0:43.6	They thought the world was going to fall apart.
0:45.6	You got to understand they was in Greece and couldn't get money out of ATM machines.
0:49.0	Yeah.
0:49.2	So worldwide economic disaster.
0:51.5	Yeah.
	...

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