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Over the past month, we’ve seen financial markets react to potential economic fallout from the coronavirus pandemic and it’s happened at an unprecedented pace. But how surprised should we be by this significant reaction? Dan Cuprill joins the show as we talk about the lessons we’ve learned from history, what this latest crash has taught us, and where we might go from here financially.
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Today's rundown:
0:46 – We’re joined by Dan Cuprill once again.
1:22 – Every 100 years there seems to be a new pandemic.
2:32 – This is affecting us all in many different ways but it’s taught us one important lesson.
5:11 – You can use history to see how markets react.
6:38 – Be calm because this is typically an investing opportunity.
7:44 – Bad news happens but you have to ask yourself this question to determine how markets will react.
8:15 – Watching cable news 24/7 isn’t going to help anybody.
10:12 – Panic starts to set in and trying to time the market will really hurt you.
12:39 – Here’s what concerns Dan within the industry.
14:49 – This is where good financial advisors earn their keep.
15:59 – How does Dan see this playing out over the next few months.
18:11 - Don’t make actions that turn out to be irrevocable in hurting you.
19:41 - A deal to make with your grandchildren.
21:21 - Over a period of time this will look normal, which is why you stick to a plan.
