We're back again on the Our 2 Cents podcast! Gabriel and Steve are putting a different spin on talking about recent market behavior by sharing some do's and don'ts when considering your options. Next, they're drawing comparisons between the world of retirement planning and America's favorite sport to watch: Football.
- The Rollercoaster Ride:
- What options are available to you as we ride out this rollercoaster market ride?
- Do nothing?
- Abandon your plan?
- Let your emotions drive your decisions?
- Try to buy the winners and sell the losers?
- Look at non-market options?
- There are pros and cons to every approach when handling difficult markets, we'll discuss some main points to consider if you are ready to take action.
- Calling the Plays - Getting Into Victory Formation:
- The 'Retirement Red Zone' and why this time is critical that you don't get tackled for a loss.
- Does the coach make a difference? Why you should find one who fits your needs and your investing philosophy.
- Victory formation: Not taking unnecessary risk when you've already won the game.
