4.4 • 3K Ratings
🗓️ 21 August 2015
⏱️ 39 minutes
🧾️ Download transcript
The stock market tumbles. Is it a time for investors to be greedy or a time for investors to be fearful. Our analysts tackle that question and weigh in on some of the week's earnings news. And former Marketplace host Tess Vigeland talks about her new book, Leap: Leaving a Job with No Plan B to Find the Career and Life You Really Want.
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0:00.0 | Everybody needs money. That's why they call it money. |
0:07.0 | From full global headquarters, this is Motley Bull Money. |
0:16.0 | It's the Motley Bull Money Radio Show. I'm Chris Hill, and joining me in studio this week |
0:22.6 | for Million Dollar Portfolio, Jason Moser, Simon Erickson, and Matt Bargessinger. Good to see you as always, gentlemen. |
0:28.0 | It's the All-MDP team. It is the All-MDP team. Let's wrap up the show so you can get back to actually running that service. |
0:35.0 | We've got the latest earnings from Wall Street. Former Marketplace Radio host, Test Vigilin, is our guest this week. |
0:41.0 | And as always, we're giving inside a look at the stocks on our radar. But we begin with the market in general. |
0:46.0 | As the S&P 500 fell more than 5% this week, the NASDAQ falling more than 4% and Jason, we talk all the time about how we're long-term investors. |
0:56.0 | We like to view these opportunities as that buying opportunities. But I got to be honest, it's a little hard to concentrate when it seems like absolutely everyone on Wall Street is freaking out right now. |
1:08.0 | It does. It seems like everybody on Wall Street is freaking out. I mean, we talked about this earlier in that. |
1:13.0 | You know, when in good times, it's very easy to feel great about things and you're happy, go lucky, your portfolio is going up and every day is a green day. |
1:22.0 | And we talk about that, be greedy when others are fearful, sort of bromide that Warren Buffett loves to espouse. And we do too to a degree. |
1:31.0 | But it's easier said than done, I think, in many cases. And I think this really goes back to making sure we understand what we're investing in. |
1:40.0 | And we're talking about this, you know, just as a team here, the less you understand about a business, the more emotional you're going to be in conditions like these when the market is selling off and everything's going down, you look at those businesses that you don't really know a whole heck of a lot about. |
1:55.0 | And you say, oh my god, why did I just invest in this? I just, the Mollie Fool told me to invest in it. I don't even know what they do. It should, I got to sell. I just got to get out of here. |
2:04.0 | You know, I mean, I understand, I mean, we invest in things that maybe we don't understand and we really shouldn't do that. |
2:10.0 | So I think it's really a good lesson learned here is make sure that you understand what you're investing in before you actually do it. |
2:15.0 | So well said, Jason. And I would say these are the times when I think you investors become investors. You know, everyone's an investor, I think, when the market's going up. |
2:24.0 | And everything, you know, all your buys that you made six months ago, the diamonds are all in the green and you're feeling great and you're putting more money to work and everything seems to be coming up roses. |
2:31.0 | But this is how you react to situations like this when your favorite companies are really getting hit hard. What you do, you know, the kind of emotional state that you get yourself in. |
2:41.0 | I think that's when you become an investor because if you can take advantage of these opportunities, smartly, you know, I think like Chris said at the gang, you know, we love to buy on dips. |
2:50.0 | We think that's a good strategy over time. Sometimes, you know, it's good to stand back, be calm, steady handed and say, okay, markets pull back a lot. |
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