We’re all doing our best to take the social distancing guidelines to heart by changing the way we’re living right now, but let’s take a break from the seriousness of it all with a lighter discussion on separation. What would that look like if social distancing was applied to your financial planning?
Read more and get additional resources here: https://theuswealthadvisors.com/2020/04/ep-7-social-distancing-for-your-money/
0:40 – Some background on our topic today.
2:31 – First one: Your emergency fund and the stock market
5:38 – Second one: Life insurance and our investments.
7:42 – Third one: High turnover investment strategies and after-tax brokerage accounts
10:10 – Final one: Your emotions and your investment decisions.
We closed out the month of March with an unprecedented month in the stock market as the coronavirus caused fear and uncertainty throughout the country. To get a little perspective on what we’re witnessing, let’s take a look back through history at the worst market crashes of all-time.
Read more and get additional resources here: https://theuswealthadvisors.com/2020/04/ep-6-market-crash-hall-of-fame/
1:06 – Black Tuesday in 1929.
2:24 – J’Neanne shares her personal experience of getting hammered by the market during the Dot Com bubble.
3:30 – Panicking in these situations can make things worse.
3:47 – Post 9/11 historical single day decline
4:27 – The Crash of 2008
8:16 – We have clients that don’t care how it works. They just want to know that it will work.
8:36 – A lot of people will try to outpace the market and that’s a critical mistake.