Ask Paula: My Income Is Dropping From $190,000 to $40,000; What Should I Do?
Afford Anything
00:00
The Market Isn't Wiggling, It's the Market
The problem isn't markets wiggling. It's that you will abandon your plan. That's the threat. The threat is not the market, thet as you exactly. And there are many people who right now are thinking, were in a period of high inflation. There are economic indicators that may point to an upcoming recession. People generally have one of two responses to that, either enthusiasm around buying the dip, or fear around being the bag holder. Both of those are examples of market timing. Those who market time perform worse than those who do not touch their portfolio in response to external macro economic stimuli. So michel, to summarize everything we just said, prioritise saving for retirement
Transcript
Play full episode
