As we’ve seen over the last month, a market downturn can happen quickly and it causes many people to evaluate their financial situation. As you’re doing that, pay attention to the lessons that can be learned in times like these. On this episode, we’ll talk about five financial truths that are even more evident now than they were to start the year.
Read more and get additional resources: https://principalpreservationservices.com/ep-30-5-financial-truths-you-can-rely-on/
2:17 – Today’s topic is on financial truths.
2:49 – 1st truth: TV can be your biggest enemy.
4:04 – 2nd truth: It’s important not to react emotionally.
5:15 – 3rd truth: The market will always go in cycles.
6:48 – 4th truth: People aren’t ask risk tolerant as they think they are.
9:01 – 5th truth: There is no magic bullet when it comes to retirement planning.
13:56 – Mailbag Question #1: Is it wise for me to own some gold in my portfolio? What percentage?
14:58 – Mailbag Question #2: The coronavirus scare has me convinced the market will keep crashing again and again. I’m ready to move everything to cash right now. Is there any reason to wait?