#574 Stock Market Falls - 3 Strategies to Take Advantage and Build Wealth

Main Street Business

In this video, I break down 3 strategies to help you navigate a market downturn:
1) The market always comes back – History shows us time and time again that corrections are normal and the market recovers. The key is staying invested.
2) Tax loss harvesting – This is a powerful tool to offset gains and reduce your tax bill. I’ll show you how to do it the right way.
3) Over-allocated in stocks? It might be time to diversify. If you're too heavy in the market, consider investing in alternative assets you actually understand.
Want to take control, invest in what you know?
Head over to DirectedIRA.com – where you can diversify your IRA and 401k into alternative assets like real estate, private companies, and more through a self-directed retirement account.
Need help with tax planning and legal strategies for your LLC or investments?
Go to KKOSlawyers.com to get expert planning that actually helps you build wealth.

• Grab my FREE Ultimate Tax Strategy Guide HERE!
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Chapters

1. Market Crash Introduction (00:00:00)

2. Markets Always Come Back (00:00:32)

3. Tax Loss Harvesting Strategy (00:01:38)

4. Wealthy Investors' Alternative Investments (00:04:00)

5. JP Morgan's Diversification Advice (00:06:15)

6. Episode Wrap-up and Disclaimer (00:07:15)