AWM Insights #4: Is This the Bottom?
Athlete CEO
English - March 31, 2020 22:49 - 9 minutes - 13.7 MB - ★★★★★ - 29 ratingsInvesting Business Health & Fitness athlete business ceo finance health life athlete wealth athlete wealth management awm entrepreneur Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
The financial market upheaval that has accompanied the COVID-19 epidemic has been a teachable moment for investors. The S&P had been down 34% and investors wondered if it would ever stop falling. People were asking if they should take their money out of the markets - another form of trying to time it. Then, in 3 days, the market bounced back 17%, which was the biggest 3-day gain since 1931. As of March 31st, markets have reclaimed nearly 50% of the decline that happened.
So then, can we confidently claim that this is the bottom? Does it even matter if we can know or not?
There are plenty of voices online and in the media who are ready to tell you who to buy and who to sell, but the questions you should be asking are: Who should we trust with our financial advice? Who is actually qualified to give that advice?
Listen to this week's episode to hear Erik and Brandon discuss these topics and more.