Manage episode 336682081 series 3303227
Most people are a bit concerned about the current bear market we are facing. Whether this lasts for a few months or years are yet to be seen, but there is plenty of opinions going around in the media.
If you’ve never handled a bear market or if you are closer to retirement, who should you be listening to when it comes to protecting your portfolio? On today’s episode, we’ll break down a few of these expert opinions and decide whether we agree or disagree with their advice.
Join us on today’s episode as we break down these expert opinions:
· Phil Orlando expects the market to dip another 10% over the summer. He favors value stocks over growth stocks and clarifies that holding cash is an attractive option for investors. (2:32)
· Sam Robson says the bear market is a fantastic opportunity for long-term investors. (5:40)
· Bill Stone says there is a silver lining with the stock market: the market is bound to have a strong rebound eventually. (7:11)
· Be aware of making emotional decisions during turbulent times. (10:11)
Do these financial experts have a point? Probably all of them do, but it’s all about having a customized and detailed plan that fits your retirement needs. Listen to today’s episode to learn Spiro’s advice and opinions on the current bear market.
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