Retirement Starts Today Radio: Taylor Schulte on Navigating Turbulent Markets
Stay Wealthy Retirement Podcast
Taylor Schulte, CFP®
4.7 • 678 Ratings
🗓️ 6 March 2018
⏱️ 23 minutes
🧾️ Download transcript
Summary
In case you missed it, market volatility is back.
On January 26th, we saw the stock market go from hitting a record high to being down 10% (a.k.a the definition of a market correction) in nine days.
Here's the thing: stock market corrections are normal. They happen about once every year. What's not normal is how quickly this one happened.
Find show notes and more information at www.staywealthysandiego.com/19
DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in the rendering legal, financial, or other professional services.
Transcript
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| 0:00.0 | Welcome to Stay Wealthy San Diego, where award-winning financial expert Taylor Schulte reveals the stories behind the leaders, entrepreneurs, and innovators who help make San Diego one of the most beautiful cities in America. Listen in to |
| 0:23.0 | their perspectives and advice on what it takes to live an abundant life and become wealthy in your own |
| 0:29.7 | way. This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. |
| 0:39.3 | This podcast is not engaged in rendering legal, financial, or other professional services. |
| 0:44.1 | Hey, everyone. |
| 0:45.3 | Thank you, as always, for tuning in. |
| 0:47.8 | Last week, I had the opportunity to join one of the top retirement podcasts on iTunes called Retirement Starts Today Radio. |
| 0:55.7 | It's hosted by a good friend of mine named Ben Brandt, and we just had a really good discussion |
| 1:00.6 | on the recent stock market volatility and how to think about investing for retirement and income |
| 1:07.4 | or just investing at all during these turbulent times. I thought we had a really good |
| 1:12.8 | discussion. I enjoyed some of Ben's perspectives and push back on some of my philosophies. |
| 1:18.7 | Really enjoyed the chat and thought I'd re-air that episode here today. And I hope you enjoy. |
| 1:25.0 | All right. This episode has been a long time in the making, but it's my pleasure to introduce a good friend of mine. He's got the first name of a San Diego and the last name of a North Dakota. And it's Taylor Schulte. Welcome to the program. Ben, thanks so much for having me. So, Taylor, you are a fiduciary financial advisor, just like I am. You manage financial plans and retirement plans and portfolios for your clients. We have had one heck of a month in the markets. |
| 1:46.1 | What should we do about it? |
| 1:47.6 | Yeah, let's dive into this. |
| 1:48.8 | It's been an exciting few weeks. |
| 1:50.3 | I think there's a lot of lessons that we can pull from this. |
| 1:52.3 | I think there's a lot of things that we can do to improve our current financial |
| 1:56.3 | situations and make sure we're prepared for when that next major event happens. |
| 2:01.6 | So, yeah, a few weeks ago, we kind of went into correction territory, |
| 2:05.6 | and some people call a correction a drop of 5 to 10% in the market. |
| 2:10.6 | And this is completely normal, right? |
... |
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