Welcome to Money for the Rest of Us. This is the Personal Finance Show on Money.

How it works, how to invest it, and how to live without worrying about it.

I'm your host, David Stein, today's episode 376. It's titled,

What Investment Style Fits Your Personality?

Right after the 9-11 terrorist bombings, few weeks later, I was in a client meeting.

Our firm had prepared some data that showed how the stock market performed after similar catastrophic events.

Be it wars, assassinations, bombings, other terrorist attacks.

I'll share some of that data here momentarily, but after sharing that data with that client,

it would have been a board member of a university endowment, he called me out on it.

You don't know, there's no way you can know that.

After 9-11, the first day of the stock market, when it reopened, fell 7%.

It was down 14% in five days, and after 10 days, it was still down around 8%.

22 days later, it was down 2.3%. Still, and it was around that time that I had this client meeting.

63 days later, the market was up 1.7%.

And 126 market days later, the stock market, as measured by the Dow Jones industrial average,

a measure of US stocks had gained 10%.

The reality is, the stock market can sell off in the short term,

but after there's some type of invasion, like we're seeing with Russia into Ukraine,

as we speak, other terrorist bombings, other attacks or wars,

the market, on average, one day later, and this is going back to the early 1900s,

numerous events, as compiled by Ned Davis research, is down about 1-2%.

One day, five days, 10 days later, even after 22 days, the market is down about 1% on average.

...