The Mind Money Spectrum Podcast

#20. When markets crash, ignore this critical advice at your peril.

April 28, 2020 Aaron Agte and Trishul Patel Season 1 Episode 20
The Mind Money Spectrum Podcast
#20. When markets crash, ignore this critical advice at your peril.
Chapters
The Mind Money Spectrum Podcast
#20. When markets crash, ignore this critical advice at your peril.
Apr 28, 2020 Season 1 Episode 20
Aaron Agte and Trishul Patel

Let's travel back in time to the beginning of March 2020. COVID-19 had just taken hold of our daily lives. The stock market dropped 13%, then rose 5%, and commuters roamed the Earth. In this episode, Aaron and Trishul discuss how they feel and react to big market movements. They suggest how an asset allocation incorporating a timeframe can help you take your mind off the things you can't control. They also discuss The Hedgehog and The Fox and why people follow overconfidence and headline news when they should be applying a healthy dose of skepticism. And Aaron ends up correct that a couple of months later his focus would be on lifestyle, and not the market. Unfortunately, it also means he was wrong about playing softball in April.

Episode References

RIP to the Longest Bull Market In History
Investing Forever - Why Invest Forever (Part 4)
Compare Risk (Death)
Coconuts Kill More Sharks (Actually Unfounded)
How Common Are Skydiving Accidents
If a Man Will Begin with Certainties He Shall End in Doubts
Serenity Prayer

Podcast Description

Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.

Show Notes

Let's travel back in time to the beginning of March 2020. COVID-19 had just taken hold of our daily lives. The stock market dropped 13%, then rose 5%, and commuters roamed the Earth. In this episode, Aaron and Trishul discuss how they feel and react to big market movements. They suggest how an asset allocation incorporating a timeframe can help you take your mind off the things you can't control. They also discuss The Hedgehog and The Fox and why people follow overconfidence and headline news when they should be applying a healthy dose of skepticism. And Aaron ends up correct that a couple of months later his focus would be on lifestyle, and not the market. Unfortunately, it also means he was wrong about playing softball in April.

Episode References

RIP to the Longest Bull Market In History
Investing Forever - Why Invest Forever (Part 4)
Compare Risk (Death)
Coconuts Kill More Sharks (Actually Unfounded)
How Common Are Skydiving Accidents
If a Man Will Begin with Certainties He Shall End in Doubts
Serenity Prayer

Podcast Description

Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.