What Should You Actually Do When the Market Drops?
Manage episode 482880804 series 3432783
The headlines are loud, the markets are messy, and your gut might be telling you to do something., anything, right now. But what should you actually do when your portfolio takes a hit? In this episode, Matt talks about recent market volatility and reminds listeners why reacting emotionally can cost more than staying the course. He shares stories from client conversations during the dip, explains the dangers of market timing, and reveals just how much the media benefits from our panic.
Hereโs some of what we discuss in this episode:
๐ Why bad news spreads faster and hits harder
๐ง The real cost of reacting emotionally to market drops
๐ Common estate transfer mistakes that hurt your heirs
๐ Why diversification (not timing) still wins
๐ฐ How the media profits from your fear
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213 episodes