What kind of financial truths can you depend on? Where have you fallen for some of the fear or myths floating around in the financial world? With so much uncertainty in the market right now, let's discuss the truths you can build your plan on.
Read more and get additional resources: https://wp.me/paeqsR-8V
1:57 - Is the media our biggest enemy when it comes to finances?
6:32 - Emotions are rarely your friend when making financial decisions.
8:21 - The market will always move.
10:17 - Are you actually risk tolerant?
12:36 - There is no magic bullet for your financial plan.
Should you get caught up in the fear and uncertainty when it comes to the Coronavirus? What kind of impact could it have on you and your financial plan? Let’s discuss the biggest international story in early 2020.
Read more on the topic and get additional resources here: https://retirementelevatedpodcast.com/podcast/market-update-coronavirus-and-its-impact/
Today's show rundown:
0:48 - The biggest factor impacting the market right now is the coronavirus.
1:51 - The average flu kills thousands each year.
3:24 - Should you sell off your investments?
6:35 - A large percentage of products come from China and production has slowed.
7:12 - How does this impact your financial plan?
8:06 - What kind of perspective should you have regarding a market drop?