Welcome to a new week and a new theme here on the One Minute Retirement Tip! 

Well, the stock market once again derailed my plans this week. I was going to discuss the FAANG stocks this week (which is an acronym for facebook, apple, amazon, netflix, and google), but as I prepare my talking points for this week, the stock market just had it’s worst day since 1987. So this week, I’m going to talk about a much more timely topic - how to keep calm in a bear market! 

It’s official. The bull market that started during the depths of the financial crisis in March of 2009 is now officially over. The stock market is down more than 20% from the highs, which is a very important threshold because a 20% drop officially marks the start of a bear market. 

So if you haven’t already panicked and sold everything in your 401k and locked in your losses, this week’s tips are for you. It’s rough out there right now, so my goal this week is to help you put this current situation in perspective with your long-term plans for retirement and give you some guidance on where you go from here. 

I hope you’ll tune in each day, because I’m cramming in my best advice on how to keep calm and carry on in the midst of the Coronavirus chaos. 

That’s it for today, but before you go...

If you haven’t already left a review for the One Minute Retirement Tip, please consider leaving an honest review in Amazon or iTunes. I read them all, so feel free to leave any feedback or topic suggestions there too. 

Thanks for listening. My name is Ashley Micciche and this is the One Minute Retirement Tip.

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