Money mistakes in a Bull Market versus a Bear Market can make the difference in the lifestyle you have in retirement. They each require their own strategies to make the most of your money. Do you know what they are? Joe Anderson, CFP®, and Big Al Clopine, CPA help you learn from the past, and make the most of your financial future, by using tools and strategies to grow your wealth despite the market ups and downs – and they'll help you avoid making critical mistakes when the bear rears his ugly head.
Bear Market Money Mistakes • Not Understanding the Market • Ditching Your Investment Plan • Using Up Emergency Savings on Debt • Not Using Long-Term Planning
Important Points: 00:00 - Intro 01:01 - Overview 01:53 - Bear Market Money Mistakes 03:44 - Understand the Market: Historical Bear vs. Bull Market 06:00 - Lost Decade Bear Market: S&P 500 Performance 07:38 - Bear Market Survival Guide 09:22 - Timing the Market 11:03 - Ditching your Plan 14:40 - Emergency Fund 15:38 - Bear Market Survival Guide 16:32 - Rebalancing 19:24 - Diversification 20:02 - Tax Loss Harvesting 21:21 - Ask the Experts 22:23 - Pure Takeaway
Pure Financial Advisors, LLC is a fee-only Registered Investment Advisor providing comprehensive retirement planning services and tax-optimized investment management to thousands of people across the nation.
IMPORTANT DISCLOSURES: • Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC, a Registered Investment Advisor. • Pure Financial Advisors LLC does not offer tax or legal advice. Consult with your tax advisor or attorney regarding specific situations. • Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. • Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. • All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. • Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors. CFP® - The CERTIFIED FINANCIAL PLANNER™ certification is by the Certified Financial Planner Board of Standards, Inc. To attain the right to use the CFP® designation, an individual must satisfactorily fulfill education, experience and ethics requirements as well as pass a comprehensive exam. Thirty hours of continuing education is required every two years to maintain the designation. AIF® - Accredited Investment Fiduciary designation is administered by the Center for Fiduciary Studies fi360. To receive the AIF Designation, an individual must meet prerequisite criteria, complete a training program, and pass a comprehensive examination. Six hours of continuing education is required annually to maintain the designation. CPA – Certified Public Accountant is a license set by the American Institute of Certified Public Accountants and administered by the National Association of State Boards of Accountancy. Eligibility to sit for the Uniform CPA Exam is determined by individual State Boards of Accountancy. Typically, the requirement is a U.S. bachelor’s degree which includes a minimum number of qualifying credit hours in accounting and business administration with an additional one-year study. All CPA candidates must pass the Uniform CPA Examination to qualify for a CPA certificate and license (i.e., permit to practice) to practice public accounting. CPAs are required to take continuing education courses to renew their license, and most states require CPAs to complete an ethics course during every renewal period.
