Jul 5, 2022
Summary:
Is the madness coming to an end, or is there more in store? More
importantly, what does this mean for your wealth, portfolio, and
retirement? I have Mark Singer on the show to talk about the
current state of the markets, and why the mayhem is any different
this time around. Markets go through cycles, and the way we
perceive the fluctuations is influenced by personal perspective and
how we time our own financial decisions. Tune in for more
insight.
Highlights:
-The markets always go through cycles, so nothing has necessarily
changed in that regard
-Bear markets happen every 3.5 years, so what has changed?
-For most, the current markets don’t have a true impact on their
long term lives unless they are highly dependent upon portfolio
income
-This time being different than last time in regard to the markets
going down has to do with perspective
-The markets overreact on the upside and downside
-The real problem that people face in planning their retirement is
timing
-The fixed income markets have been disastrous
-When consumer sentiment is at a low, markets rebound strongly
-The biggest mistake you can make right now is to overreact
Useful Links:
Financial Survival Network
Mark
Singer