116: Long-Term Investing: Coronavirus Changes Nothing with JL Collins

116: Long-Term Investing: Coronavirus Changes Nothing with JL Collins

The stock market is up, then down, then down, then up. What is an investor to do? Today we bring JLCollins from JLCollinsNH.com back to the show to calm our fears and help us understand what is happening with the stock market. The market is falling. Or maybe today it’s rising. It’s SO VOLATILE, it can be scary to stay invested - especially if you’ve never been through a market downturn. JL expertly explains what’s going on - and his recommendations for the best course of action - based on 40 years of investing in the stock market (and making a boatload of mistakes along the way.) Long story short, stay the course. 105 years of historical stock market data says this too shall pass. While JL is an expert on the stock market, he doesn’t invest in real estate, so Scott and Mindy share their views about the real estate market and what this current stock market volatility might mean for real estate investors. They also share ways to hedge your bets in rental property investing through fully funded reserves. If you’re freaking out about the stock market, this episode can help calm your fears and keep you on the right course to give you the most chance for financial success. In This Episode We Cover: Why are people freaking about the crash How one should handle this market drop if you risk losing your job When to prepare emergency funds and how much to put into it Why you should hold your portfolio forever What an Index Fund is Why it is important to "ignore" the market How index outperform stock picking How one can never time the market How those who say they predicted the market only did it because of luck The only time the market is not going to recover... And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Money Podcast 20: The Simple Path to Wealth—Index Funds Explained with JL Collins Mr. Money Mustache Taking advantage of Mr. Bear A Guided Meditation for When the Stock Market Is Dropping Stocks — Part XXXII: Why you should not be in the stock market Time Machine and the future returns for stocks Pinterest Dow Jones - DJIA - 100 Year Historical Chart | MacroTrends BiggerPockets Money Podcast 95: The House Hacking Strategy with Craig Curelop BiggerPockets Money Facebook Page Mindy's email Scott's email Learn more about your ad choices. Visit megaphone.fm/adchoices

Episoder(744)

78: How to Talk to Your Parents About Money with Cameron Huddleston

78: How to Talk to Your Parents About Money with Cameron Huddleston

Parents are supposed to know everything, and talking about money is impolite. So how do you make sure your parents are taken care of and that their wishes are followed throughout their golden years? T...

24 Jun 20191h 7min

77: Entrepreneuring Your Way To Financial Freedom with Pete Mockaitis

77: Entrepreneuring Your Way To Financial Freedom with Pete Mockaitis

Pete Mockaitis grew up in the cheapest place to live, Danville, IL. He watched his mother work her way up the local credit union ladder from teller to CEO, simply by doing more than necessary, repeate...

17 Jun 201957min

76: How to Talk to Your Partner About Money With the Debt Free Guys

76: How to Talk to Your Partner About Money With the Debt Free Guys

John and David didn’t have "the money talk" right away. They both worked in the financial industry, and each thought the other would be great with money. About a year and a half in, they discovered th...

10 Jun 20191h 17min

75: The Most Efficient Path to Financial Freedom With Justin From Saving Sherpa

75: The Most Efficient Path to Financial Freedom With Justin From Saving Sherpa

Justin grew up without a lot of money in a small town. His parents divorced when he was eight, and his mother eventually quit her job to attend school. Necessity is the mother of invention, and a year...

3 Jun 20191h 1min

74: Making Money From a Legitimate Side Hustle With Mark Wills

74: Making Money From a Legitimate Side Hustle With Mark Wills

Side hustle is a big topic on BiggerPockets. But finding the right one—and one that isn’t a scam—can be difficult. Today’s episode focuses on not only a legitimate side hustle, but also one that invol...

27 Mai 201950min

73: Ramit Sethi Will Teach You to Be Rich!

73: Ramit Sethi Will Teach You to Be Rich!

Ten years ago, Ramit Sethi released his groundbreaking book I Will Teach You to Be Rich. Now he’s back, with an all-new, updated version, delivered with the same authority and enthusiasm as the origin...

20 Mai 20191h 33min

72: Increasing Your Income Through Commissions With Dawn Brenengen

72: Increasing Your Income Through Commissions With Dawn Brenengen

Dawn Brenengen’s money story begins a bit differently than most. Dawn’s parents shared their finances with her. She knew what things cost, she knew her parents worked hard to pay off their mortgage, a...

13 Mai 20191h 11min

71: 5 Years to Financial Freedom Through Real Estate Investing With Sarah P.

71: 5 Years to Financial Freedom Through Real Estate Investing With Sarah P.

Like so many of our guests, Sarah P. did not grow up understanding how money works. She wasn’t bad with money, she just wasn’t very good with it. She learned about financial independence through Mr. M...

6 Mai 20191h 9min

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