Stocks Succumb to Virus Scare
NOTE: If you are worried about your portfolio be sure to attend Don's special, free, online class "Retirement Investing in Turbulent Times" on Friday, March 20, 2020. Sign up here.
This episode was recorded on Saturday, March 7th. Don and Tom discuss the market reaction to the coronavirus. Then, they answer caller questions about buying when stocks are low, steering away from individual stocks, getting the right fiduciary advisor, and why, despite world-wide pandemics, your strategy should still be focused on the long-term game.
How real events like the Coronavirus affects your money.
Why you shouldn’t do anything to your portfolio, despite the severity of a pandemic.
Understanding that risk is not an abstract concept, but rather the loss you have to accept.
Rather than selling, why now is a good time to buy stocks while they are low.
Importance of putting world-wide events into perspective for your money.
Where to find fee-only fiduciary advice to avoid commission products.
How to make the most out of your Health Savings Account (HSA) for retirement.
Vestory — https://vestory.com/
Lively — https://livelyme.com/
TD Ameritrade — https://www.tdameritrade.com/