Scott Phillips on why the crash is coming, and what you can do
Oct 06, 2021•51 min•Ep. 143
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Episode description
Market downturns are inevitable, and while ‘buying the dip’ is today’s maxim, it’s hard to hold your nerve when you’ve lost 30% or more of your capital. So what will you do when the market falls?
The Motley Fool’s Scott Phillips joins Your Wealth to share his thoughts on:
- Where to keep your money when markets are risky
- How much cash you need to ensure you’re optimising your portfolio
- What sort of investments to hold when markets fall, and
- What to do if fear is keeping you up at night.
If you’re short on time, consider listening at 1.5-2x speed, which should be shown on the screen of your device as you listen. This won’t just reduce your listening time; it has also been shown to improve knowledge retention.
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