A bear market is defined as a sustained period of downward trending stock prices, often triggered by a 20% decline from near-term market highs. Over the last few months, markets have entered a bear market due in large part to the Federal Reserve’s interest rate hikes in response to decades-high inflation.
📰 On this week's episode of Minds Over Money, I go over 3 headlines from last week that directly impact the economy as well as potentially impacting your own investment portfolio. [12:00] And this week’s financial planning topic is Survivor’s Guide to Bear Markets. 📑
Everyone who has lived through a recession understands the concept of a “Financial Disaster”. We all know that it’s a dangerous world out there, disasters seem to lurk around every corner. So, how do you keep these “Financial Disasters-of-the-Day” from turning into your own personal “Financial Emergency?” How can you insulate your family from panic and devastation? By being prepared.
📰 On this week's episode of Minds Over Money, I go over 3 headlines from last week that directly impact the economy as well as potentially impacting your own investment portfolio. [21:23] And this week’s financial planning topic is There Should Be No “Financial Emergencies”. ⚠️
US retirees have some advice for their younger selves, and by extension anyone who has yet to retire: Save more. Save earlier. Make a financial plan for retirement. And don't forget to account for taxes and inflation -- they'll hit you harder than you expect.
📰 On this week's episode of Minds Over Money, I go over 3 headlines from last week that directly impact the economy as well as potentially impacting your own investment portfolio. [14:57] And this week’s financial planning topic is What Today’s Retirees Want Future Retirees to Know. 🔮