In this podcast episode, Evan Raidt and Andrew Sather discuss how to handle downturns in the stock market.
They explore the natural cycles of the market, explaining the concept of downturns and market corrections.
Andrew shares his personal experiences with financial instability and offers advice on maintaining an investment strategy during turbulent times.
They emphasize the importance of staying invested, utilizing dollar-cost averaging, and having a diversified portfolio.
Furthermore, they provide tips on automating investments and managing emotions during market downturns.
The episode concludes with practical advice on preparation and maintaining a long-term perspective in investing.
00:00 Welcome and Introduction
00:29 Understanding Market Downturns
01:05 The S&P 500 and Market Corrections
02:16 Mindset Shifts During Downturns
03:34 Personal Experiences with Downturns
05:05 Psychology of Money and Risk Tolerance
05:34 Overcoming Fear and Staying Invested
08:38 Impact of Financial News and Media
22:05 Advice for Passive Investors
25:59 Setting Up Before a Crisis
26:23 The Complexity of Index Trading
27:14 The Reality of Market Predictions
28:05 Understanding Realized Gains and Losses
29:00 Interconnectedness of Markets
30:52 Impact of Market Downturns on Retirement
31:56 Historical Market Downturns
34:08 Strategies for Weathering Downturns
36:30 The Importance of Dollar Cost Averaging
41:32 Final Tips and Automation
Timestamps are generated by artificial intelligence, and are not 100% accurate depending on the platform used for listening.
Please make sure you subscribe to Brian's channels. You can find him on his website disciplinedtradersacademy.com, his podcast Learn to Swing Trade the Stock Market, and his YouTube channel.
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What do Dave and Andrew recommend?
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Have questions? Send them to Evan at evan@einvestingforbeginners.com
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