The stock market has been on a roller coaster ride this year, and unfortunately, it has mostly been going down. This has made a lot of people very anxious about their investments and future. Bonds have also been performing poorly, adding to the anxiety. How should investors respond to current market conditions?
In this episode, Greg and Doug talk about how stocks and bonds have performed poorly this year, how people react to today's market conditions, and how Mike Epstein's story makes sense from an Armageddon-type scenario.
[03:25] - "It's been a crummy year for stocks and bonds. The only thing that's worked this year has been cash and oil stocks, the things which people looked at negatively for the previous 10 years." ~ Greg Stokes
[10:41] - "The market is a very good teacher and the lessons can be expensive." ~ Doug Stokes
[19:33] - "My definition of wealth is time and freedom and the ability to choose what you want to do with your time and freedom. It's not necessarily the value of your portfolio, the amount of earnings, or the amount of material things you have." ~ Doug Stokes
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The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.