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 time 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.
Host Brian Kohute, CPA, CFA: HJ Wealth Management Co-Host: Thomas Alvare, CPA/PFS Guest: Gwen Borowsky, CEO: National Liberty Museum Click below to listen http://media.blubrry.com/moneymattersthepodcast/p/traffic.libsyn.com/moneymatterstvpodcast/35_MMP_15-35__Gwen_Borowsky__National_Liberty_Museum.mp3 Podcast: Play in new window | Download | Embed
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!
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
Host: Charlie Huntington: PA Bio Co Host: Kimon Hatza, Esq: Millcrest Law, LLP Guest: Mary Fuchs, Ideas X Innovation Nework Listen to Show http://media.blubrry.com/moneymattersthepodcast/p/traffic.libsyn.com/moneymatterstvpodcast/04_MMP__15-04__Mary_Fuchs_Ideas_X_Innovation_Nework.mp3 Podcast: Play in new window | Download | Embed
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
Charlie Shields – Wells Fargo Advisors, LLC Paul Mitchell – First CornerStone Bank Guest: Marisa Lisa Pell – Intuitive Business Consultant Website: Connections Beyond Ms. Pell has been performing live and helping individuals and families for close to fifteen years. … Read More!
Host: James Bultler, CFP Videre Wealth Management Co Host: David De Witt, CFP De Witt Capital Management Guest: Chantal Westby – Westby Art Chantal Westby creates works of art that not only speak of her own memories but also encourage … Read More!
Host: Kimon Hatza, Esq. – business attorney andpartner at Millcrest Law, LLP Co-Host: Charles F. Huntington is a public relations chairperson for Pennsylvania Bio. Pennsylvania Bio is the voice of advancement for PA’s bioscience industry. Its mission is to ensure … Read More!