beyond MD with Dr. Yatin Chadha Ep #89 - The stock market is falling, what should we do? With Dr. Paul Healey
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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.
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Beware Selective Period Bias
- Focusing on only the worst market periods creates misleading fears.
- Long-term investing across multiple periods averages out negative phases and yields needed returns.
Invest Regularly, Avoid Timing Markets
- Invest whenever you have money; avoid sitting on cash waiting for dips.
- Trying to time the market often leads to failure; consistent investing beats timing the dips.
Manage Emotions With Routine Investing
- Use a simple, regular investing schedule to remove emotions and decisions.
- Experience and knowledge reduce stress during market downturns.