Markets are at all-time highs despite recent events. In episode 49 of the YMYW podcast, Joe and Al share smart investment strategies you can learn from past performance and give advice for investing in a bull market versus a bear market. Original publish date July 23, 2016 (hour 1). Note that content may be outdated as rules and regulations have changed.
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00:00 - Intro
02:33 - “If you’re invested in the stock market today, the question is: now what? Should you keep your money in the market? If you’ve been sitting on the sidelines sitting in cash, is it a good time to jump in?”
03:23 - “Trying to time the market is a fool’s game, not to mention pretty dangerous.”
05:36 - “By being fully invested when you need to be fully invested – that’s the appropriate way to do it. Get invested properly and stay invested.”
09:02 - “Because the stock market is volatile and you can lose money, over the long term you make a lot more money and that’s the premium that you have to pay to make that extra return.”
16:42 “Most of you have assets inside your 401(k) plans, IRAs, 403(b)s – that’s where a bulk of your retirement assets are. Guess what? There’s a tax risk there because every dollar that comes out of that plan is taxed at ordinary income rates.”
21:59 “Donald Trump would like to change our tax structure with four brackets, starting at 0% and the highest bracket being 25%...the highest bracket right now is 39.6%.”
27:21 “When’s the last time you fully reviewed your portfolio? Are you having conversations about Social Security, taxes and Medicare?”
31:32 “No one knows when these asset classes are going to perform so you want to have some of each. People chase near term performance all the time…that’s not a good formula."