Himalaya: Listen. Learn. Grow.
Retirement Reality Podcast
With so much happening in the financial world these past few months, there can be a lot to process when you’re trying to understand the market and the economy. Certain financial terms are being used a lot more now than they were the past decade so we will help you understand what these things mean and how they apply to you. Read more and get additional resources here: https://principalpreservationservices.com/ep-37-financial-terms-you-should-know-during-the-pandemic/ Today's show schedule: 1:28 – Mike and his family staying active outdoors.3:08 – Getting to Know Mike: What do you do to relieve stress?5:20 – What would you call what’s happening right now with the market?7:17 – Help us understand the difference between a recession and a depression.8:55 – Explain the types of recoveries: U-shaped, V-shaped, W-shaped, L-shaped10:24 – What is the VIX index?12:38 – Is this an opportunity for tax-loss harvesting15:17 – How can index funds benefit people during a downturn?16:46 – What is rebalancing, how does it work, and how often should you?19:48 – Our team is in the office and available for people that want to take meetings in person.