4.9 • 2.3K Ratings
🗓️ 16 April 2020
⏱️ 56 minutes
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You are going to face many bear markets in your investing career. Having an action plan to survive a bear market is critical. I go over an important list of things to do in a bear market and things to not do in a bear market in this episode. Things like don't sell at the lows, stay the course, following your investing plan, and have a cash reserve on hand. You want to be a long term stock market investor. You don't need this money next month, next year, or even in the next decade. Don't act like you do. All bear markets come to an end and stocks recover eventually. In some respects, this one is a little bit different from other bear markets in that it involves a pandemic. I have a little bit of advice for you specific to this bear market as well in this episode. Your mortality may be a little higher, your income a little lower, and you have more time on your hands. I address what to do for all of those things as well. I think this show will be helpful to you right now. Soon we will be out of this. Maybe it is next month, maybe it is three years from now. I don't know, but this too shall pass.
If you are finding our podcasts informative and helpful, check out our website! Since 2011 we have been working hard to provide valuable personal finance and investing information through thousands of blog posts written by an array of authors. You can find information on how to manage your student loans, fix and avoid common financial mistakes, understand your retirement accounts, optimize your investments, find professional help at a fair price, get started investing in real estate, and so much more, all at no cost to you. You can find out more about the courses we offer, the conferences we put on, the newsletters we provide, and interact with other WCI readers through our online forum. Head on over to https://www.whitecoatinvestor.com to start learning today. You can do this and The White Coat Investor can help.
The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you!
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0:00.0 | This is the White Coat Investor Podcast, where we help those who wear the white coat get a fair shake on Wall Street. |
0:06.0 | We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011. |
0:12.0 | Here is your host, Dr. Jim Dolly. |
0:15.0 | Welcome to White Coat Investor Podcast number 154, Life in a Bear Market. |
0:23.0 | If you are finding our podcast informative and helpful, |
0:25.0 | check out our website. |
0:27.0 | Since 2011, we've been working hard to provide valuable, personal finance |
0:30.0 | and investing information through thousands of blog posts written by an array of authors. |
0:34.0 | You can find information on how to manage your student loans, fix and avoid common financial mistakes, |
0:39.2 | understand your retirement accounts, optimize your investments, find professional help at a fair price, get started investing in real estate, |
0:46.2 | and so much more, all at no cost to you. You can find out more about the courses we offer, |
0:51.1 | the conferences we put on, the newsletters we provide, |
0:54.0 | and interact with other WCI readers through our online forum. |
0:57.2 | Head on over to whitecode investor.com to start learning today. |
1:00.4 | You can do this and the White Coat Investor can help. |
1:03.0 | Welcome back to the White Coat Investor Podcast. |
1:06.0 | Today, as we record this, it's April 8th, |
1:09.0 | and we expect this podcast to go live in about a week on the 16th of this month. |
1:14.0 | So we're excited to be back recording. |
1:15.7 | We're recording this one today and we're recording next week's today as we often do batch |
1:19.6 | these podcasts. |
1:21.1 | I'm going to talk a little bit more about that in a few minutes, but first let's do the quote of the day. This one comes from John C. Bogle. |
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