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Money Rehab with Nicole Lapin

Why You Should Buy Stocks on Dips

Money Rehab with Nicole Lapin

Money News Network

Self-improvement, Business, Education

4.61.7K Ratings

🗓️ 21 December 2021

⏱️ 7 minutes

🧾️ Download transcript

Summary

When the stock market tanks, what should you do? Buy! We know this is counterintuitive: if the market is tanking, why would you want to double down and buy more? It feels like running into a burning house, right? Today, Nicole breaks it down. Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Hey guys, are you ready for some money rehab?

0:05.0

Wall Street has been completely upended by an unlikely player. Game stop.

0:09.0

That's a good one.

0:10.0

Ian and should I have a 401k because then I can do it?

0:12.0

No, I know.

0:15.0

I think the whole world will revolve around you on your money.

0:17.0

What a dumb shit.

0:19.0

Charge for wasting our time.

0:23.0

I will take a check.

0:25.0

We're gonna pull you down.

0:27.0

You recognize her from anchoring on CNN, CNBC, and Bloomberg.

0:31.0

The only financial expert you don't need a dictionary to understand.

0:35.0

The cold lap in.

0:37.0

You may have seen that the Dow dropped 900 points after the first case of Omicron was detected in the US.

0:44.0

That is a scary headline to wake up to, for sure.

0:48.0

And has a lot of folks wondering, what should I do when the stock market wakes up on the wrong side of the bed?

0:55.0

That's the question on money rehab or Amelia's mind. Here she is.

1:00.0

Hey Nicole, the recent bad days in the stock market has got me wondering, what should I do with my investments when the market's down?

1:08.0

If the stock market is down, novice investors will be incredibly quick to cash out.

1:13.0

Or in financial terms, liquidate their investments out of fear that the market will continue to crash.

1:20.0

But here's the thing, since it's inception, the stock market has recovered from every single dip and recession.

1:29.0

In our lifetime, there will be many more dips and maybe even recessions and depressions.

...

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