Your Market Volatility Survival Playbook, Ep #238
Description
Market volatility is never comfortable, but with the right mindset and a thoughtful plan, you can face downturns not as a victim, but as an opportunist. On this episode of the Financial Symmetry Show, we’re sharing our advice on managing your finances amid turbulent markets and giving you a helpful checklist to guide your decision-making when headlines make your stomach flip.
Outline of This Episode
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[0:00 ] We discuss the importance of planning, reviewing its steps, and controlling expectations during unforeseen events.
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[4:29 ] Evaluate income, expenses, job security, income sources, and potential risks in financial planning.
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[7:14 ] Consider delaying major purchases or expenses if income is uncertain. Assess whether postponing could increase costs or cause issues.
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[12:53 ] Prepare for significant financial events that may impact your portfolio, like downsizing a home or receiving a large sum.
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[14:17 ] Evaluate your portfolio by considering your stock choices.
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[17:32 ] Avoid panic selling stocks, which often leads to long-term financial regret.
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[22:50 ] Take informed action for peace of mind; mindset and planning are key.
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