SPECIAL: Market Volatility and Corrections - 154

Your Money, Your Wealth

Realestate, Income, Investing, Personalfinance, 401k, Rothconversion, Retirement, Education, Taxes, Socialsecurity, Personalfinances, Finance, Retirementplanning, Investments, Stocks, Business, Roth, Fiduciary, Ira

2.3 • 681 Ratings

🗓️ 13 February 2018

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to stock market volatility. Today the market clawed back some of its big losses from last week's correction, but what’s in store tomorrow or next week or next month? What should you be doing with your portfolio, and how will this affect your retirement? Joe Anderson, CFP®, Al Clopine, CPA and Brian Perry, ChFC® provide some guidance.

Transcript

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0:00.0	Welcome to stock market volatility today on your money, your wealth. By today's close, the market has
0:05.4	clawed back some of its big losses from last week's correction, with the Dow Jones rising 1.7%
0:11.0	and the S&P 500 up 1.4%. Now, what's in store tomorrow or next week or next month? What should
0:18.0	you be doing with your portfolio? and how will this affect your retirement?
0:21.5	Here with some guidance are Joe Anderson CFP, Big Al Clopine's CPA, and Brian Perry CFA.
0:28.0	Well, the year started out good until February. I did. January was great.
0:32.4	January, all time highs. And then all of a sudden, we're in correction territory.
0:39.2	So correction is what?
0:40.5	Down 10%.
0:41.5	10%.
0:42.2	And hopefully your portfolio is not down 10% because you had some safety.
0:48.7	That's the reason why we recommend globally diversified portfolios.
0:52.4	And some of that's really safe money short-term
0:55.2	fixed income type investments bonds which with interest rates going up they haven't exactly
1:02.6	killed it either but at least they're staying somewhat stable this is interesting to me though
1:09.1	you know because it's not like really bad news that came down, you know, the information wires.
1:17.0	It's not like there's sort of like geopolitical mess or, you know, heading towards a recession.
1:23.0	You know, what happened is that all of a sudden we kind of take a look at wage growth.
1:28.3	Wage growth spikes a little bit.
1:29.8	People are making a little bit more money.
1:31.9	Corporate profits look pretty good.
1:33.8	They're paying their employees a little bit more.
	...

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