Welcome to another episode of Mind of a Millionaire. Halloween was a few days ago, and we decided to release a spooky Halloween edition touching on the recent market drop. We hope this can help clear up questions and concerns.
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Dow Jones October Market Drop
“How do financially successful people think about drops in the stock market?” [1:16]
How do short term fluctuations benefit you? [2:05]
- The emotional side of our brain vs. the logical side of our brain [2:46]
“This is an opportunity” [3:29]
“If you cannot withstand a 50% drop in the stock market, you probably shouldn’t have money in stocks.” [4:31]
For right now, the best thing is to take advantage of this drop in the stock market. [5:13]
As always, thank you for listening to Mind of a Millionaire. We hope this answered some of your questions or eased some of your concern. Again, if you have any financial questions or market-related questions email us or call us; we would be happy to get them answered for you.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
No strategy assures success or protects against loss.
The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful.
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