TLDR Surviving Crappy Markets 101
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Mar 12, 2025 Stocks are in a slump as tariffs take their toll. Workers in the auto industry voice concerns about job security amidst these economic struggles. Experts discuss how to manage financial anxiety during downturns, highlighting the importance of long-term investment strategies. A financial planner shares insights on using therapy tools for better money management. The conversation also emphasizes the need for mindfulness, self-compassion, and gratitude when facing financial uncertainties.
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Handling Market Downturns
- Understand market downturns are normal; they happen about every two years.
- Don't panic and miss out on the upward trends between downturns.
Frequency of Downturns
- Since 2008, there have been 30 downturns similar to the current one.
- These downturns often feel catastrophic but are quickly forgotten as the market rebounds.
Peter Lynch on Market Declines
- Peter Lynch, a successful fund manager, highlighted that markets frequently decline.
- He emphasized that more money is lost by trying to avoid corrections than in corrections themselves.