Bad News is Highly Infectious - Episode 5

Today, as I record this episode, the Dow Jones Industrial Average is down several hundred points based on more reported cases of the Coronavirus.

Not to make light of a serious situation, this is just the latest crisis du jour.

We have a U.S. Presidential election later this year. Imagine how crazy things might get between now and then.

And in the past we've experienced acts of terrorism, wars, different Presidents, new legislation, and more.

Despite all this, the market has managed to climb to new highs. And I believe that owning a diversified portfolio of stocks and high-quality bonds is still one of the best ways to build wealth for your future.

So, what are we all supposed to do in the face of scary headlines? What do we do when this feels different than anything we've experienced before?

It's simple really... just focus on the things within your control.

Listen to this episode to learn more about why I think this is important. And why it may be the best strategy for coping with news and current events that seem to have everyone freaking out.

Other resources:

• Seven Stages of Money Maturity
  George Kinder's book covers investor psychology and how emotions can cloud judgment on pages 143-146

• The Normal
  from Twitter friend and fellow advisor, Preston McSwain
  and be sure check out the related reading below his article for more

• Gradual Improvements Redux
  Includes this great chart with a reminder of all we've dealt with since March 2009

• Stock Market on Sale

• Is This Different?

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Disclosures

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