What Should You Know

What Should You Know

If you’re not sure what to do in the current market situation, you’re not alone. Investors around the world have been battered recently, as the crisis in the U.S. housing market took on broader implications. On September 29, following defeat of the bailout legislation by Congress, the Dow Jones Industrial Average posted a record 778-point loss, making a cumulative 27% decline since reaching its highest all Business Mantime closing on October 9, 2007. Over that same period, the Standard & Poor’s 500 was down 29.8%, and the Nasdaq Composite shed 30.7%. Even when the emergency Economic Stabilization Act was later passed on October 3, the markets were down sharply, on fears that this bill wouldn’t avert a severe recession. The questions on everyone’s minds are: Just how bad are the markets and the economy going to get? What should we do about it? Is it time to sell every stock we own, withdraw all of our money from banks, and bury everything in the backyard? Or are we really looking at an opportunity to purchase stocks at low prices?

The truth of the matter is that no one, anywhere, knows for certain where the economy or stock market is headed. But emotion is often an investor’s worst enemy, both on the way up and on the way down. The last stages of a bull market are often led by investors desperate to join the crowd and make fast money, often entering the market just as it is peaking. Conversely, the last stages of a bear market are often marked by losses as investors finally give up, selling stocks for fear of future declines. The way to overcome these emotions is to think calmly and rationally, refresh your perspective on the long-term and recent history of the market, review your investment strategy, and methodically analyze your current portfolio. Only after you’ve taken these steps should you consider any changes to your investments.

MMP: 15-06 Scott Race & Stu Race Philadelphia Retirement Alliance

Income Brothers

Charlie Shields – Wells Fargo Advisors, LLC Chuck Steege, CFP, CEP -SFG Advisors Guest: The Income Brothers: Scott Race, President & Stuart Race, CEO – Philadelphia Retirement Alliance http://phillyretire.com Listen to Show http://media.blubrry.com/moneymattersthepodcast/p/traffic.libsyn.com/moneymatterstvpodcast/06_MMP_15-06__Scott_Race__Stuart_Race_Philadelphia_Retirement_Alliance.mp3 Podcast: Play in new window | Download … Read More!

MMP: 15-05 Gerry Elman, Esq

Gerry Elman, Esq

Host: Brian Kohute – HJ Wealth Management Co Host: Thomas Alvare, CPA, PFS- Comprehensive Investment Solutions Guest: Gerry Elman, Esq Elman Technology Law, PC Listen to Show http://media.blubrry.com/moneymattersthepodcast/p/traffic.libsyn.com/moneymatterstvpodcast/05_MMP_15-05__Gerry_Elman_Esq.mp3 Podcast: Play in new window | Download | Embed

MMP 15-03: Mike Dever Brandywine Asset Management

Mike Dever

Host: Pat Welde – Merrill Lynch Co Host: Patricia Dunn – Merrill Lynch Guest: Mike Dever – Brandywine Asset Management Listen to Show http://media.blubrry.com/moneymattersthepodcast/p/traffic.libsyn.com/moneymatterstvpodcast/03_MMP__15-03__Mike_Dever_Brandywine_Asset_Management.mp3 Podcast: Play in new window | Download | Embed

MMP 15-02 Bruce Lipnick, Chair Asset Alliance Corp

Bruce Lipnick

Charlie Shields – Wells Fargo Advisors, LLC Chuck Steege, CFP, CEP -SFG Advisors Guest: Bruce Lipnick, Chair Asset Alliance Corp. Webstie: verondemand.com Listen to Show http://media.blubrry.com/moneymattersthepodcast/p/traffic.libsyn.com/moneymatterstvpodcast/02_MMP__15-02__Bruce_Lipnick_Chair_Asset_Alliance_Corp.mp3 Podcast: Play in new window | Download | Embed … Read More!