Jul 5, 2022
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.
-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