What Should You Actually Do When the Market Drops?

The Money Knight

The headlines are loud and the markets are a bit messy. Your gut might be telling you to something – anything – but you’re not actually sure what to do. In this episode, Wade offers calm, practical guidance to help you avoid panic and make smarter choices during market downturns. If your instinct is to react fast, Wade shows you why slowing down might actually be the best move.

You’ll learn four essential questions to ask when the market gets rough, plus how to evaluate your financial plan like a real-time stress test. Wade also shares on several strategic opportunities to consider that don’t require taking drastic moves. Lessons from legendary investors like Warren Buffett and Peter Lynch can help you stay focused, stay disciplined, and stay on track, even when the market feels anything but stable.

Here’s some of what we discuss in this episode:

📈 What we learn from the financial legends

🔍 The best questions to ask yourself during a downturn

🧠 How volatility reveals your real risk tolerance

🔄 Rebalancing and tax-loss harvesting opportunities

🧘‍♂️ Why staying calm beats brilliance in market downturns

Get in touch with Chessman Wealth: https://www.chessmanwealth.com/

The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing.

Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.