Build A Wealthy Spirit #74: What To Do In A Bear Market
Jun 21, 2022
26:18
It's June 2022 and the United States has officially entered a Bear Market. What is the definition of a bear market? What should you do in a bear market? Is it time to panic? Sammie and Michelle talk about how to survive a bear market and maybe even thrive in it. We even touch on the crypto bear market aka crypto winter.
Take a look at your personal finances, don't panic and listen to this weeks personal finance episode to learn more about our thoughts on the bear market.
Show Notes:
- Bear Hunting Season
- Inflation is Increasing
- Federal Funds Rate - 62 Year Historical Chart
- Unemployment is Low (U.S. Bureau of Labor Statistics)
- The Great Recession (2007-2009)
- "The longest bull market in U.S. stock market history began in the depths of the financial crisis in 2009 and lasted almost exactly 11 years..."
- "I bet you dip, he dip, she dip" - Cardi B, Bodak Yellow
- Who are the winners and losers of the Fed hiking interest rates? (NPR)
Related Status Post Adulting Personal Finance Episodes:
- 5: Personal Finance Basics (Apple or Spotify)
- 16: Tracking Your Spending (Apple or Spotify)
- 31: How To Invest In Index Funds (Apple or Spotify)
- 35: How To Negotiate A Higher Salary (Apple or Spotify)
- 41: F U Money (Apple or Spotify)
- 57: Down Like The Economy (Apple or Spotify)
Find more show notes and interact with the Build A Wealthy Spirit community at buildawealthyspirit.com!