"Unretired" & Inspired - A Retirement Planning Podcast
7: Given what’s going on, what should I do?
May 2, 2022
24:47
Caleb and Riley are talking about what to do in the middle of a global crisis. It may be your instinct to try to adjust your investment strategies as a crisis emerges, but is it the best course of action?
Learn more about:
- What to do with your investment strategy in times of uncertainty
- How people react to these market dips and how panic often drives it
- History of average market declines after major financial crises and where they were one year later
- When is the right time to invest extra money?
Memorable Quotes
- “We should be expecting the market to go up and go down and for various storms to happen. If the market is crashing for some reason it doesn’t make sense to make an investment decision on this, because the media is giving a certain thing certain attention at a certain point in time."
- “If I’m timing the market I’m basically saying that I can predict the best 10 days over the 4,000 days. That’s what the statement for someone to make!”
- “If someone asks, I have some extra money is now a good time to invest? The answer is always yes, as long as there is an appropriate goal for the money"
Resources
Hosted by Caleb Miller and Riley Anderson of InvestorDNA Meet Caleb and Riley Book a Call Subscribe on Apple Podcasts Subscribe on Spotify Subscribe on Google Podcasts
