072: How to Avoid FOMO When Markets Are Volatile

Our economy feels like a pretty uncertain place right now–especially if you’re approaching retirement age (or recently retired). Whether you’re reading the headlines or not, you’re probably feeling the effects of inflation and market volatility every single day. And if you’re of retirement age, you were there for the hyperinflation of the 1970s, the dot-com bust of the 2000s, and the Great Recession, but that doesn’t mean that your portfolio is currently suited to the moment at hand. In today’s episode, we’re talking about the countless financial products and options out there right now, how to avoid making emotional investing decisions in tough times, and how to make sure that you’re taking on the right amount of risk in every stage of life. In this podcast interview, you’ll learn: What makes bear market rallies so complicated. The difference between financial advice and “hot stock tips.” How being overinvested in the market can set you up for constant losses and punishing tax bills. How to build a financial plan that ensures you won’t outlive your money. To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com/72 How Fit Is Your Retirement Plan?  We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com

Episode 72 of the The Retirement Trainer podcast, hosted by EGSI Financial, titled "072: How to Avoid FOMO When Markets Are Volatile" was published on July 27, 2022 and runs 21 minutes.

July 27, 2022 ·21m · The Retirement Trainer

Summary

Our economy feels like a pretty uncertain place right now–especially if you’re approaching retirement age (or recently retired). Whether you’re reading the headlines or not, you’re probably feeling the effects of inflation and market volatility every single day. And if you’re of retirement age, you were there for the hyperinflation of the 1970s, the dot-com bust of the 2000s, and the Great Recession, but that doesn’t mean that your portfolio is currently suited to the moment at hand. In today’s episode, we’re talking about the countless financial products and options out there right now, how to avoid making emotional investing decisions in tough times, and how to make sure that you’re taking on the right amount of risk in every stage of life. In this podcast interview, you’ll learn: What makes bear market rallies so complicated. The difference between financial advice and “hot stock tips.” How being overinvested in the market can set you up for constant losses and punishing tax bills. How to build a financial plan that ensures you won’t outlive your money. To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com/72 How Fit Is Your Retirement Plan?  We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com

Episode Description