Athlete CEO

AWM Insights #20: Is A Market Crash Inevitable?

Episode Summary

How can you stick to the plan amidst all the current market noise?

Episode Notes

With a looming election this fall, an ongoing global pandemic, and companies declaring bankruptcy left and right; there is currently no shortage of speculation framed as certain advice everywhere you look. Mainstream media pundits and social media influencers alike are quick to share the latest stock tip, advice on market timing, speculations on bankrupting companies, or even urge you to exit the markets entirely and wait until they calm back down. 

While it is entirely likely there will be market impacts from the upcoming presidential debates and election, COVID-19 vaccine trials, and whether or not the government adopts an additional stimulus plan – the full effect of those impacts and even how they play together are entirely speculative. The truth remains that no one has a crystal ball.

So what should you do in the midst of all the noise?

Don’t abandon your plan.

In this week’s episode, Brandon and Erik address some of these speculations and cover other topics and questions like:

• Was Peter Schiff correct when he recently said that a market crash is inevitable?
• How to avoid FOMO (fear of missing out) in the current market climate
• The greatest dangers investors face
• The difference between being an investor and a speculator
• Understanding how to participate well in public markets
• Why the mainstream media is not the best source of financial advice
• What advice can you give on having confidence in my investment plan?
• How can I wade through all of the speculation that I’m receiving the economy, stock market, and investing?