Latest / Winning With Winans! / “What’s Your Defensive Game Plan for the Next Bear Market?”
Transcript
- speaker-0: This is exactly when you should get together with your advisors and you should ask them the simple question. If we have a bear market, if I get 2008, 2009, let's just talk about year 2022 when rates went up for the first time in a long time. And what happened? My question is simply this: you need to ask your advisors. What is our defensive game plan if that happens? Now, I'm not going to tell you how to pick an advisor, but I would tell you, I would pay attention to the advice. And if you get what resembles a dead trout look from your advisor, meaning they haven't really thought it through, you need to be cautious about that. Because I I love it when an older person is told that they're investing for the long term. listen, it took a while to recover from the dot-com bubble and from two from 2008, 2009. If you're getting that kind of messaging from a financial planner and you're in your, I don't know, let's say you're within three years of retirement, that's not the right answer, folks. But let me just give you some things that we at Wine and Investments monitor. Watch the 200-day moving average. I'm talking about of even of even of the current markets right now, there's a reason for this. You're looking at the average price action for the last 200 days and you're comparing where you are today. It's very simple.