beyond MD with Dr. Yatin Chadha
Ep# 89 - The stock market is falling, what should we do? With Dr. Paul Healey
Apr 17, 2025
In this discussion, Dr. Paul Healey, co-founder of Physician Financial Independence and seasoned investor, shares insights gained from over a decade of investment experience. He tackles crucial questions on managing emotions during market downturns and the value of regular investing versus buying dips. Paul reflects on his 2008 experiences, advocates for cash cushions, and highlights the ease of all-in-one ETFs for beginners. He emphasizes the importance of time and compounding for achieving future financial freedom, urging patience amid market volatility.
34:37
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Quick takeaways
- Investors are encouraged to adopt a long-term strategy of regular investments, avoiding panic selling during market volatility for sustained wealth accumulation.
- The power of compounding highlights the importance of patience, as even minimal early growth can result in substantial returns over decades.
Deep dives
Market Volatility and Investor Behavior
The episode discusses the increased anxiety among investors during times of market volatility, particularly asking whether to sell off investments or hold steady. A significant observation is that investors often reflect on historical downturns, like the crash of 1929, leading to fears about prolonged stagnation. These historical examples encourage a selective period bias where individuals focus on the worst years instead of recognizing multiple periods of investment over a lifetime. It’s emphasized that even in market downturns, investors should resist panic selling and focus instead on a long-term investment strategy.
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