Business
It’s hard to imagine anyone avoiding losses over the last month due to the coronavirus fallout, but there are steps you can take to rebound when the market begins bouncing back. Today we’ll look at the opportunity in stocks, explain the importance of trusting your advisor in times like these, and talk about the next steps you should be considering with your retirement plan. Read more and get additional resources here: https://www.baschrock-fg.com/podcast/ep-28-coronavirus-fallout-what-financial-steps-should-you-take-next/ Today's rundown: 2:16 – Ben talks about the rapid selloff of stocks and what led to it. 5:03 – What are some signals you can look for that might mean the market is bouncing back? 6:54 – Buy over time rather jumping all back in at once. 7:57 – What are some things current clients or people working with an advisor can do right now? 9:31 – What has been the reaction from clients over the last few weeks? 10:43 – How about the people that haven’t put a plan in place, what are their next steps to recover? 12:33 – Does your risk tolerance match your portfolio? 13:17 – We can determine a client’s risk number to give them scenarios for their plan.