Best friends Joel and Matt are the co-hosts of How to Money which is all about providing the knowledge & tools that normal folks need to thrive in areas like debt payoff, DIY investing, and crucial money tricks that will provide continuous help along your journey. We believe that access to unbiased and jargon-free personal finance guidance is more necessary than ever before. When you handle your money in a purposeful, thoughtful way that works for your lifestyle, you can really start living ...
Manage episode 327506844 series 2535964
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This episode is for you if you’re still in the stock market and if you’re still putting all your money into your 401Ks and IRAs. You’re about to lose your retirement and you need to do something about it NOW! Key Talking Points of the Episode [00:00] Introduction [01:54] Invest with PreREO! [02:47] Are you about to lose your retirement? [03:50] The psychological nature of the stock market [05:13] Can anyone really time the market? [06:35] Why do we have to sell at certain prices? [08:47] What’s the problem with buying all the time? [09:50] Is the stock market going to get you the freedom you want? [11:59] Does the S&P 500 help diversify your investments? [14:20] Are you okay with gambling your money? [15:05] Will the stock market go back up? [17:15] Beware of the bear! [18:43] What is really happening to the market? [19:24] Why shouldn’t we listen to politicians and the feds? [21:07] Why is a correction inevitable? [22:13] What could you do to protect yourself from the market correction? Quotables “If these were the hunger games, being in the stock market means you’re the first one dead.” “There are bullish markets, that’s what we saw for the past 13 years. Bulls go up, bears go down.” “The problem is that you’re not smart enough to time the market and to some level, it’s true. None of us know.” “We just have this natural, subconscious tendency to not want to lose anything.” “We’re moving into something different and as a result, we’re seeing the stock market change too.” “If you’ve got money saved in your 401Ks and your IRAs right now and it’s all in the stock market, you’re still gambling.”