Actions to Take During a Declining Stock Market
Episode description
Questions? Thoughts? Send a Text to The Optometry Money Podcast!
What actions should optometrists take when stock markets are declining?
Evon walks through some historical context around declines and bear markets, the importance of staying invested for the long term, and touches on a few actions you can think about taking with your investments during declines.
Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com.
Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps ODs nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow, build their net worth, and monitor the ongoing health of their finances.
Resources Mentioned in the Show:
- Blog: Your Guide to Thinking Through Stock Market Declines and World Events
- A Wealth of Common Sense Blog: How Long Does it Take For Stocks to Bottom in a Bear Market?
- DFA: History Shows That Stock Gains Can Add Up After Big Declines
- Wash Sale Rule: What is It and How to Avoid It (Kiplinger)
The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.