ABOUT THIS EPISODE
What should you do when the stock market drops and your investment account suddenly loses value? Before selling during a downturn, it helps to understand what the decline makes you fear losing in your life.
In this episode, Eric Lee and Michael Boyle explore why a market decline can make retirement, independence, and future choices feel less certain. Eric explains how investors become attached to a portfolio’s highest value and why a lower balance can feel like money has been taken from them. They examine the urge to sell during a bear market, the relief it may provide, and the difficult question of when to reinvest. Eric also shares three questions to consider before making a fear-based investment decision. The conversation offers a practical way to prepare for market volatility and evaluate whether a downturn has actually changed your financial plan.
Eric discusses:
- Why a falling portfolio can raise concerns about retirement, family support, and running out of money
- How selling during a market downturn can create a difficult decision about when to reinvest
- Three questions to ask before changing your investments in response to fear
- Why preparing during strong markets can help you respond more thoughtfully when volatility returns
- And more!
Contact Eric Lee:
Contact Michael Boyle:
About Our Guest:
Michael Boyle is Eric Lee’s partner at Purple Wealth and a returning contributor to Better Conversations: The Life & Money Podcast. In this conversation, he shares his perspective on market declines, investor fear, the emotional pressure to sell, and preparing for volatility before it happens.
