IFB141: What To Do When The Sky Is Falling

IFB141: What To Do When The Sky Is Falling

Update: 2020-03-052
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Announcer (00:00 ):







You’re tuned in to the Investing for Beginners podcast.

Finally, step by step premium investment guidance for beginners led by Andrew

Sather and Dave Ahern. To decode industry jargon, silence crippling confusion,

and help you overcome emotions by looking at the numbers, your path to

financial freedom starts now.







Dave (00:36 ):







All right folks, welcome to Investing for Beginners

podcast. This is episode 141 tonight. Andrew and I got a, well actually we’ve got

a great a wetter from one of our listeners recently, a couple of weeks ago and

it describes, it touches on two subjects that are very forefront in the news

recently with the growing possibility of a pandemic with Coronavirus as well as

the ups and downs of the stock market lately over the last three or four days,

which is mostly down the last three days. So we thought we would read this

sweater and kind of help answer this question for the gentleman, and I’m going

to turn over an Andrew, and he is going to go ahead and get us started.







Andrew (01:16 ):







Okay, sure. I’ll start reading what he said and to give

context. So we’re recording this on the 27th of February. Trump just did his

first conference on the Coronavirus last night and today, earlier this morning,

and I saw reports that we have cases in California now with the current virus.







Andrew (01:42 ):







So it’s getting really serious. People are freaking out

and with good reason, and I mean, I had a warning about this two weeks ago from

this email I received, and it’s just one of those things you can’t, I guess

ever really understand the gravity of it until it starts to affect you. But

let’s read some of his experiences. Talk about how that’s evolved and what we

see for the market moving forward. So this is from Matt. He says, hi there,

Andrew. I’ve subscribed to your monthly stock picks, and they’ll start

following them, investing in the stocks you choose. I have a few questions

regarding the current economic environment and the future outlook. I’m from

Australia but live in Singapore. The current Coronavirus has created a lot of

havoc in this part of the world, and it doesn’t look like it will calm down

anytime soon.















Andrew (02:33 ):







From my perspective, I run rehabilitation clinics around

Asia, and our patient numbers have dropped by around 30% our medical supply

chain has been greatly interrupted, and the companies are unable to deliver our

stock. China has stopped at manufacturing schools, and businesses are starting

to close and stop operating for periods due to the virus. People are not eating

now.
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IFB141: What To Do When The Sky Is Falling

IFB141: What To Do When The Sky Is Falling

Andrew Sather and Dave Ahern