The Retirement Show: Your Life, Your Money with Scott Sierens: Ep 40: How to Handle a Volatile Stock Market

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The Your Life, Your Money Podcast helps you thrive in life, wealth and retirement. The show is designed to navigate the complexities around money, building and securing wealth, and achieving financial independence. Scott Sierens, financial advisor at Sierens Financial Group, will provide thoughts, strategies, and ideas on each episode to help you make smart and sound financial decisions. The goal is to take complex financial subjects and make them simple and easy to understand so you can feel confident to take action, enjoy life, and eliminate financial stress and anxiety.

Scott, along with guests from across various industries, will cover topics such as tax savings strategies, investment and wealth management, IRAs, 401(k)s, retirement planning, income strategies, pensions, estate planning, social security, healthcare, and much more.

Retirement isn't an age or number. It's finding the balance between living life today and feeling financially confident about YOUR tomorrow.

Ask Scott your questions by calling 847-235-6989 or check out our podcast website at https://lifemoneyshow.com for more resources.

Ep 40: How to Handle a Volatile Stock Market

Feb 10, 2022

Today we’re talking about why we see volatility in the stock market. We’ll also share what you should and should not focus on when this happens and how to plan and prepare no matter which direction the market goes.

What we discuss in this episode:

1:28 – Stock market drops

2:37 – Why the market drops

5:02 – Inflation

7:20 – Covid

7:39 – Russia and Ukraine

8:36 – Statistics

11:52 – Importance of diversification

13:04 – JP Morgan guide to the markets

16:04 – Focus on what you can control

19:26 – Buy during a down market

20:39 – Control our own thoughts