What’s the key to surviving a bear market, whether you are in retirement or you are preparing for retirement? A dip in the market may seem scary but it can be an opportunity for investors as well.
Surviving a bear market is all about balance and avoiding emotional decision-making that can harm your portfolio. An advisor helps remove the emotion from investing, let’s not let our emotions guide our decisions. With the looming possibility of a recession there’s a lot of advice floating around out there, who should you be listening to?
What we discuss on the show:
1:40 – Bear market is an opportunity for long-term investors
3:57 – Be aware of emotional decisions
6:22 – Do not change your 401(k) allocation
9:15 – Deciding to do nothing can be a great strategy
10:39 – If you find yourself in a hole stop digging
12:41 – Who should you listen to?
“If you look at it with a glass half full perspective, investments are cheap right now. There are definitely buying opportunities if you’ve had cash on the sidelines, it’s a great time to get in.”
– Shari Rash
