Watching the stock market crash (and recover and crash) over the last few weeks has made for a hellish roller coaster ride.
Are you ready to get off the ride?
While it’s incredibly uncomfortable, we are actually exactly where I would expect us to be right now.
So what exactly is going on?
How did this happen?
How bad will it get
How do we make it stop?
When the market crashes (defined as losing more than 20% of value) there are usually four key pieces at work. They are:
- Stock prices were higher than they were really worth so buyers are ‘truing’ up (or down as the case my be) the stock prices
- The companies themselves are not doing well so they aren’t worth as much as they once were
- Investors are notoriously emotional about losing everything they’ve built and they let their fear drive decisions to sell off their holdings
- A specific event. Right now it’s the Coronovirus. There is uncertainty about how bad it will get and there are fears it is damaging world economies.
Right now, 1, 3 and 4 are at play. That means that the craziness of the market in the last few weeks is not unexpected.
In addition, we’ve had twelve straight years of gains. That’s almost unheard of. While we’d like to think it will go on forever, the realist in me says it’s time for the cycle to turn back around.
So….that makes what’s happening right now….normal.
But what do you do? How do you deal with it emotionally? Should you be selling off your holdings?
Catch this week’s show for a strategy that will make you whole and four action items you can do today to make your investments as safe and comfortable as possible.
Remember…. we are traveling through the normal cycle of the stock market right now. You’re going to be fine!
Have a wonderful week!
PS… If you know someone who this will help please share this. If you’d like to get on the email list to be notified when the next show is available, you can sign up HERE
** RESOURCES & LINKS MENTIONED IN THIS VIDEO **
*** JOIN THE YOUR MONEY MADE EASY COMMUNITY ***
Tired of the way the money in your life makes you feel? Why do we feel like we are supposed to know how to manage money when it’s not something we are taught when we are growing up? No worries…I’ve got you covered.
I created the Your Money Made Easy support group for women that want to learn how money works and want to be surrounded by other women that are changing the way they manage the money in their lives.
When you join Your Money Made Easy, you not only will have access to the support of other successful, like-minded people, but you also will have access to the FREE trainings and resources from me! Having a group lets me make my content more personal and exclusive to the members of the group.
Sound good to you? REQUEST TO JOIN!
** SAY HI ON SOCIAL **