Ep. 166 - The Stock Market is Crashing - What Should You Do?

Are we in a bear market? Is the stock market going to crash?

 

What do you need to do with your money?

 

I wanted to have a quick discussion about the market and all the fear and uncertainty swirling around out there.

 

When the fear sets in and our emotions take over, we lose sight of what we are trying to do.

 

Our last bear market was only 33 days, it barely affected anyone, so I understand why so many people aren’t sure what is going to happen.

 

Before that, going back to 2008-2009 (when many of you started investing) you have had a really long Bull market, so you are not used to seeing red.  At that time the ‘all time’ high was 14,164.

 

Right now, our ‘all time’ high is 36,952 - that’s more than two times of the all time high back in 2008-2009.

 

I can’t predict exactly what will happen but I can say that many that panicked back in 2008 and sold, or held in cash, lost out.  

 

They lost out on the longest bull market and the best growth we’ve had  in a really long time.

 

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