Most people are a bit concerned about the current bear market we are facing. Whether this lasts for a few months or years are yet to be seen, but there is plenty of opinions going around in the media.
If you’ve never handled a bear market or if you are closer to retirement, who should you be listening to when it comes to protecting your portfolio? On today’s episode, we’ll break down a few of these expert opinions and decide whether we agree or disagree with their advice.
Join us on today’s episode as we break down these expert opinions:
- Phil Orlando expects the market to dip another 10% over the summer. He favors value stocks over growth stocks and clarifies that holding cash is an attractive option for investors. (2:32)
- Sam Robson says the bear market is a fantastic opportunity for long-term investors. (5:40)
- Bill Stone says there is a silver lining with the stock market: the market is bound to have a strong rebound eventually. (7:11)
- Be aware of making emotional decisions during turbulent times. (10:11)
Do these financial experts have a point? Probably all of them do, but it’s all about having a customized and detailed plan that fits your retirement needs. Listen to today’s episode to learn Spiro’s advice and opinions on the current bear market.
“It’s a good time to actually get in. I’m not saying put all your money in at one time, but when there’s dips in the market. There are opportunities to do that and we do that through dollar cost averaging… You can always buy some defensive stocks.”
– Spiros Vassilakos