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Mind of a Millionaire: October Market Review – Halloween Edition

| November 08, 2018
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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.

Please send us your financial questions and we will get them answered on one of our upcoming episodes. Subscribe to our podcast on iTunes and Stitcher if you don’t already, and follow us on Twitter for daily Denver Wealth Management updates.

 

Dow Jones October Market Drop

Stock marketcorrection[1:03]

 “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]

-          2008 Market Drop

-          2001 Market Drop

“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.

The information in the links above are being provided strictly as a courtesy. When you link to any of the web sites provided here, you are leaving this web site. We make no representation as to the completeness or accuracy of the information provided at these web sites. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to your use of third-party technologies web sites, information and programs made available through this web site. When you access one of these websites, you are leaving our web site and assume total responsibility and risk for your use of the web sites you are linking to.

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