BiggerPockets Money Podcast

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


Listen Later

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

      ...more
      View all episodesView all episodes
      Download on the App Store

      BiggerPockets Money PodcastBy BiggerPockets

      • 4.5
      • 4.5
      • 4.5
      • 4.5
      • 4.5

      4.5

      2,959 ratings


      More shows like BiggerPockets Money Podcast

      View all
      Afford Anything | Make Smart Money Choices by Paula Pant, Personal Finance Expert | Cumulus Podcast Network

      Afford Anything | Make Smart Money Choices

      3,569 Listeners

      BiggerPockets Real Estate Podcast by BiggerPockets

      BiggerPockets Real Estate Podcast

      16,728 Listeners

      Money Guy Show by Brian Preston and Bo Hanson

      Money Guy Show

      3,268 Listeners

      The Stacking Benjamins Show by StackingBenjamins.com | Money Podcast | Cumulus Podcast Network

      The Stacking Benjamins Show

      1,997 Listeners

      Your Money, Your Wealth by Joe Anderson, CFP® & Alan Clopine, CPA of Pure Financial Advisors

      Your Money, Your Wealth

      811 Listeners

      ChooseFI by ChooseFI

      ChooseFI

      5,154 Listeners

      Earn & Invest by Jordan Grumet (Doc G)

      Earn & Invest

      453 Listeners

      BiggerPockets Business Podcast by BiggerPockets

      BiggerPockets Business Podcast

      692 Listeners

      Real Estate Rookie by BiggerPockets

      Real Estate Rookie

      1,823 Listeners

      The Personal Finance Podcast by Andrew Giancola

      The Personal Finance Podcast

      1,433 Listeners

      BiggerPockets Daily by BiggerPockets

      BiggerPockets Daily

      319 Listeners

      PassivePockets: The Passive Real Estate Investing Show by PassivePockets, Jim Pfeifer, and Left Field Investors

      PassivePockets: The Passive Real Estate Investing Show

      133 Listeners

      All the Hacks: Money, Points & Life by Chris Hutchins

      All the Hacks: Money, Points & Life

      1,622 Listeners

      Mile High FI Podcast by Doug Cunnington & Carl Jensen

      Mile High FI Podcast

      206 Listeners

      On The Market by BiggerPockets

      On The Market

      903 Listeners

      Catching Up to FI by Bill Yount & Jackie Cummings Koski

      Catching Up to FI

      354 Listeners

      The BetterLife Podcast by Brandon Turner and Cam Cathcart

      The BetterLife Podcast

      855 Listeners

      The David Greene Show by David Greene

      The David Greene Show

      706 Listeners