Why are the markets down year to date and what can we do about it?

In this episode, the Pilot Money Guys reflect on the volatility that has been going on in the markets this year. We discuss the craziness with the ongoing situation in Ukraine, the Fed’s new changes, and inflation and how those are affecting the market.

We are talking about 7 action items that you can do to in a market downturn.

1. Tax loss harvesting
2. Roth conversions
3. Rebalance AND rebalance into the pain.
4. Accelerate savings – 401k, IRA, Brokerage
5. DCA works great too...
6. Rely on your plan. 
7. What are your plan’s assumptions – often investment return of 6-7%.  A bad year is expected.  
8. Diversification works – foreign markets current outperforming US, Value currently outperforming Growth, Bonds, etc.
9. What are two reasons we recommend bonds? 

• Shallower losses
• Quicker portfolio recovery times 

1. Keep the faith...The economy will survive.  
2. Even if Stock Market Crashes, Dollar Crashes. 

 

As always, we are happy to discuss these topics with you. Please give us a shout if you have any questions or concerns.

Thank you for listening,

The Pilot Money Guys