4.8 • 1.7K Ratings
🗓️ 7 August 2020
⏱️ 18 minutes
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It’s been four years since I left my full-time job and what a crazy year it’s been!
To celebrate this anniversary and to recap the things I’ve learned during this last year of post-FI life (and the COVID market crash), I recorded a short podcast episode.
Click on a timestamp to play from that location
0:00.0 | I'm blind to give you a true finance. |
0:05.0 | Hey, what's up everybody? |
0:07.0 | It's the Mad Findist. |
0:08.0 | Welcome to the Financial Independence Podcast. |
0:10.0 | It's been a while since I released my last episode and wow has a lot of stuff happened since then |
0:16.1 | So my last episode with Jim was released on March 16th and if you remember what March was like, it was pretty crazy. We recorded that episode |
0:27.1 | on Sunday, March 15th, and the markets were down 21% from the February 19th highs and I released the episode early Monday morning and |
0:38.6 | Monday just happened to be the biggest drop of this entire crisis and actually the third biggest drop of all time behind Black Monday back in 1987 and one day during the Great Depression. |
0:52.0 | So I'm glad I rushed that episode out, |
0:54.0 | even though I didn't have my proper microphone |
0:55.9 | and just threw it together the day before I released it. |
0:58.9 | But hopefully it stopped you from selling |
1:00.6 | because now here we are on August 6th when I'm recording this and the markets aren't open yet but we're currently sitting |
1:07.6 | Just under 2% |
1:09.6 | Lower than the all-time highs we hit in February 19th, which is just insane. |
1:14.4 | I would have never predicted that. |
1:16.9 | If someone had told me that we would be here in August, I would say, oh great, we have a vaccine, everything's back to normal, economies are up and running, and that's not happened either. |
1:28.0 | So this just highlights one, that you can't predict what's going to happen in the world, and two, you definitely can't predict what's going to happen in the world and two you |
1:33.6 | definitely can't predict what's going to happen in the market so hopefully all the |
1:37.5 | people out there who think they can predict those things this has been a humbling |
1:41.3 | experience and hopefully not too costly. |
1:43.7 | The good thing about being in the position we are in now in the markets is that it's sort of like |
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