What to do when the stock market tanks
Listen now
Description
Investors in the TSPs stock index funds (C, S and I) have done very, very well for a long time. The market has had its ups and downs (but mostly ups) since the end of the Great Recession in mid-2009. Most people didn’t see that one coming and few knew how or when it would end. Until after the fact, when investing your retirement nest egg is not real helpful. The market hit an all time high in June. Since then it has been up and down as investors wait to see what (if anything) the Federal Reserve will do, and what the newest COVID mutation will do to our mostly unvaccinated fellow earthlings. In places like Africa. Or India. Or, closer to home, in Missouri and LA County. Most of the TSP’s 98,000 plus millionaires hit the 7-digit mark by investing for the long haul (an average of 29-plus years), and investing largely in the C, S and I funds. And by staying in stocks and continuing to buy during bad patches, like the Great Recession. For a full picture of the TSP’s makeup as of June 30, click here. But as they say, there’s always something. Which is why we called on financial planner Arthur Stein to co-host today’s Your Turn radio show.
More Episodes
Listen to the final Your Turn with Mike Causey show. It’s a special tribute to Mike, who passed away in late September 2022, hosted by Federal Drive anchor Tom Temin and executive editor Jason Miller. Current and former Federal News Network colleagues and long-time guests of Your Turn will join...
Published 10/05/22
Published 09/14/22
In many ways, the way you handle your final affairs will determine how your family and friends remember you. So it’s important to get it right. Years ago, my uncle died and left his large, 700-plus acre farm (for comparison, New York’s Central Park is about 840 acres) to his daughter. Not his...
Published 09/14/22