Money Rehab with Nicole Lapin What Not to Do When the Market Is Down with Peter Mallouk
Apr 15, 2025
In a captivating discussion, Peter Mallouk, President and CEO of Creative Planning, shares his expertise on financial strategies during market downturns. He emphasizes the importance of making smart moves instead of panicking, like maintaining a diversified portfolio and seeking the guidance of financial advisors. Mallouk also delves into the psychological challenges investors face, notably how misinformation can amplify market volatility. Listeners will gain valuable insights to navigate economic uncertainty and make informed investment decisions.
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Bear Markets Like Horror Movies
- Bear markets occur every four to five years and usually follow a familiar pattern despite different causes.
- They behave like horror movies: predictable in nature yet still scary to experience.
Stick To Your Market Plan
- Investors should avoid panic selling and stick to plans built for market downturns.
- Retiring individuals should keep bonds for short-term needs, while young investors should buy more during downturns.
Buy More In Down Markets
- Continue regular investing like 401k contributions during downturns.
- Invest additional cash reserves opportunistically when markets are down, without trying to time the bottom.