Why Market Corrections Are a Good Thing - 193

Your Money, Your Wealth

Realestate, Income, Investing, Personalfinance, 401k, Rothconversion, Retirement, Education, Taxes, Socialsecurity, Personalfinances, Finance, Retirementplanning, Investments, Stocks, Business, Roth, Fiduciary, Ira

2.3 • 681 Ratings

🗓️ 30 October 2018

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

The market has been in correction territory more than once over the past week, and Joe and Big Al explain why that's a good thing. Plus, is the three bucket investing and withdrawal strategy good for large portfolios? What’s the real value of your net worth? You’ll think the fellas have lost their sanity when you hear them talking about ways to protect your sanity and your money as you age. And, on the heels of the Red Sox winning the World Series, Big Al’s got some baseball and money stats. Transcript and show notes: http://bit.ly/YMYW-193

Transcript

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0:00.0	Tax reduction strategies for high income earners is the topic on this week's Your Money,
0:04.6	Your Wealth TV show.
0:05.9	Watch it and download our free 2018 tax planning checklist at Your Money Your Wealth.com.
0:12.0	And be sure to subscribe.
0:13.2	New TV episodes are available every Sunday.
0:15.8	Now, today on the Your Money Your Wealth podcast is the three bucket investing strategy good
0:20.8	for large portfolios?
0:22.3	Plus, what is net worth and what's the real value of your net worth?
0:26.1	And you'll think the fellas have lost their sanity when you hear them talking about ways
0:30.0	to protect your sanity and your money as you age.
0:32.8	And on the heels of the Red Sox winning the World Series, Big Al's got some baseball and money steps.
0:38.3	But first, over the past week, the market has been in correction territory more than once.
0:42.8	Here to calm our nerves are Joe Anderson CFP and Big Al Clopine CPA.
0:48.3	Al, we hit almost correction zone.
0:51.3	We did.
0:51.9	Yeah, we've had kind of a rough week and a half.
0:55.2	A rough month.
1:01.7	Almost down 10% across the border with all indices. Right. What do you think is the reasons?
1:07.2	There's a lot of pundits out there saying a lot of different things. Yeah, well, I'll tell you what my answer to that is there's, there's not much rhyme or reason. People try to assign reasons.
1:12.6	I know. It's crazy. But it doesn't really work that way. I mean, it's, it, there is a lot of emotion.
1:17.6	And sometimes when stocks go down, people get fearful, and then it exasperates it. The same happens on the upside, too.
1:24.6	But it doesn't seem to be quite as dramatic on the upside as it is
	...

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