Manage episode 242442394 series 2366549
It’s a question we get a lot from clients. Everyone has enjoyed the long run upwards in the stock market but now we’ve moved into the stage of worry and pessimism. But it’s not your fault. Headlines always make you fear the worst, and that’s why we’re going to address the elephant in the room and how to be prepared for the worst.
On this episode:
0:36 – We’ve been getting questions about the next market crash for a little while now.
3:17 – Question from Elizabeth: I’m retiring in 6 months and I’m worried about what will happen if we have a market crash before I reach the finish line.
4:03 – When is the next market crash going to happen?
5:14 – A way to take advantage of long-term market returns is to have different buckets of risk.
5:43 – My recommendation on when you should start looking and planning your retirement income.
7:24 – Seems like 8 out of 10 people want to know when the next crash is coming.
8:25 – What history tells us.
9:45 – You have to be prepared for it by structuring your plan correctly.
12:29 – Explaining the different types of risk buckets.
13:53 – We ask people if they understand what investments they’re in and how much risk is involved?
15:41 – A story about an old friend who reacted to the drop in 2018.
18:04 – Recapping everything we’ve talked about.
Get the full show notes and additional resources by clicking here.