WealthBeing
Ep. 9 – Weathering Financial Storms
21 Mar 2020 · 23 mins
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“We’re in unprecedented times in the markets.” It’s a phrase that Travis has been hearing a lot lately. Does he agree? Listen as he and Derrick dig into the volatile economic circumstances we’re experience as a result of COVID-19, and garner time-tested strategies for managing your investing and maintaining your financial health as change thunders around us. 

 

1:15–Money Problem:It was in the middle of hard economic times when Travis’ clientsstruggled to escape investor panic. 

 

2:10– Expert Examination: Travis and Derrick take you through all the financial considerations, worries, and expectations to keep in mind when making investment decisions during uncertain economic periods:  

  • truth or fiction: these are unprecedented financial times; 
  • defining a “bear market;” 
  • why markets shift down; 
  • searching for the market bottom; 
  • advantages of dividends and dollar cost average investing; 
  • recognizing and responding to market panic; 
  • opportunity and investment adjustments in a down market; 
  • investing excuses to ignore. 

 

19:50– Weekly Financial Fix:you’ll feel a different level of financial stress today and in the near future. Travis has a challenge to help you set aside some of that worry. 

 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrickyour question at islandsavings.ca/wealthbeing, or at wealthbeing@firstwestcu.ca, and we will consider it for a future episode. 

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