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Money Guy Show

What to Do When the Stock Market Get Scary

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.62.8K Ratings

🗓️ 9 February 2018

⏱️ 56 minutes

🧾️ Download transcript

Summary

The week of February 5, 2018, has been an interesting week for the markets. The market got spooked, and so did many investors.

Tune into this week's installment of The Money Guy Show to find out what happened, why it happened, and what you can do to protect yourself from volatile markets.

For more details, please visit the show notes on our website:

http://www.moneyguy.com/2018/02/what-to-do-when-the-stock-market-gets-scary/

Transcript

Click on a timestamp to play from that location

0:00.0

Crazy markets. That's what we've had the last few days. So how did you handle it?

0:04.0

Were you looking for a bug out bag or were you really like, hey, maybe this is an opportunity?

0:08.9

Tune in today and we're going to help you navigate those crazy financial storms.

0:13.5

It's Brian Preston, the money guy, restoring order to your financial chaos,

0:19.4

retirement, investing, taxes. You've got financial questions. He's got financial answers.

0:25.8

It's Brian Preston, the money guy.

0:29.2

So, but fun exercise. Okay. I like exercise. It sounds like it's right at my alley.

0:35.3

All you have to do, I could have done this with Google, probably YouTube, but I did it on Amazon.

0:40.4

I just went on Amazon, typed in bug out bag. Do you even know what a bug out bag is?

0:44.4

You know, I hear you say that term a lot and I think based on context clues I get there,

0:48.5

but I'm not familiar with it. I don't know if it's because my wife likes like secret agents,

0:52.4

like we always go those movies or whatever, but it's for all guys who are like special ops or

1:00.9

spies or whatever. They got bug out bags so that when they get the call, they can be called

1:06.1

when they either go underground or they just need to leave town. They got a bag.

1:11.1

I guess you just had a baby, so it's not too different from you and your wife putting together a

1:15.6

bug out attorney bag. Yeah, like what is go time? It's time to go.

1:18.9

You're right. You're right. Well, so if you go on Amazon and type in bug out bag, it's crazy

1:24.6

that immediately at the very top, Amazon will have a whole section saying, are you prepared for

1:31.2

emergencies and you can literally get a premium family emergency survival bag for 72 hours of

1:38.4

disaster preparedness for $260.19.19 if you don't want the premium one. I guess that means that

1:44.8

your rations, you don't get peanut butter or if a lunch. You get you get you get ramen noodles.

1:49.5

I don't know what the difference is between these, but it brings a great point. We had a market

...

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