Money Guy Show What The Tariffs Mean For Your 401(k)
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Apr 9, 2025 Explore the impact of tariffs on your 401(k) and market volatility. Discover smart diversification strategies beyond the S&P 500 and why a solid investment glide path is crucial now. Learn how to manage high-interest debt while balancing financial goals. The hosts discuss strategies like 'buying the dip' and the importance of emergency funds, offering insights to help you navigate uncertain times. Plus, they address listener questions to demystify market fluctuations and enhance your financial confidence.
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Avoid Emotional Decisions
- Avoid making emotional decisions during market volatility, especially regarding your 401k.
- Focus on long-term success and avoid letting short-term market fluctuations dictate your actions.
Bear Market Realities
- Bear markets, while unsettling, historically offer strong recoveries and are typically shorter than bull markets.
- The average bear market lasts less than a year with an average cumulative loss of around 32%.
Client Portfolio Experiences
- Brian Preston shares client experiences from the dot-com bubble and Great Recession.
- These anecdotes show that even large market drops can appear as minor blips when viewed within a long-term portfolio performance graph.