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Professional Development: What Should You Do With Your 401k When Stocks Are Down · Earn Your Leisure

• 0:00
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 0:03
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 0:07
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 0:11
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 0:15
  Speaker 1: some of the heinous migrant criminals caught because of President
• 0:19
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 0:23
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 0:28
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 0:31
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 0:35
  Speaker 1: are here illegally, your next you will be fined nearly
• 0:39
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 0:43
  Speaker 1: never return. But if you register using our CBP home
• 0:46
  Speaker 1: app and leave now, you could be allowed to return legally.
• 0:50
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 0:55
  Speaker 1: border and families will be protected.
• 0:57
  Speaker 2: Sponsored by the United States Department of Homeland Security.
• 1:00
  Speaker 3: The average four to one K lost twenty percent of
• 1:03
  Speaker 3: its value last year. What should the audience do to
• 1:06
  Speaker 3: increased gains in their long term portfolios?
• 1:08
  Speaker 4: This should come to market. Money's live in Los Angeles
• 1:11
  Speaker 4: best decision that you can make.
• 1:12
  Speaker 5: I wrote that down.
• 1:12
  Speaker 4: Hey, I mean listen two tag two index, no stress.
• 1:15
  Speaker 4: But the truth is, like you have to learn, going
• 1:17
  Speaker 4: back to the accountability part, no one cares about your
• 1:20
  Speaker 4: money the way that you will, So.
• 1:21
  Speaker 5: You have to learn how to invest their grown.
• 1:23
  Speaker 6: And you also. So here's the thing.
• 1:25
  Speaker 3: I came into the financial advisor in two thousand and seven,
• 1:29
  Speaker 3: the worst economic downturn. It was hell on Earth back
• 1:33
  Speaker 3: since since the Great Pressure, nothing that we've seen this
• 1:38
  Speaker 3: year or last year is remotely close close to that.
• 1:41
  Speaker 5: I thought the country is going to fall apart.
• 1:43
  Speaker 6: They thought the world was going to fall apart.
• 1:45
  Speaker 3: You got to understand they was in Greece and couldn't
• 1:47
  Speaker 3: get money out of ATM machines. It's the worldwide economic disaster. Yeah,
• 1:53
  Speaker 3: that's when I started. That's where I started.
• 1:55
  Speaker 5: Great time to.
• 1:55
  Speaker 6: Start it is, yeah, it is only go up from here.
• 1:58
  Speaker 5: Yeah, from the down cycle.
• 2:01
  Speaker 3: So I started during the worst economic downtown. Then obviously
• 2:05
  Speaker 3: Corona came. That was another disaster that was short that
• 2:09
  Speaker 3: was short lived. One thing has remained consistent over the
• 2:13
  Speaker 3: course of time. Yes, equities have gone up. Yes, equities
• 2:16
  Speaker 3: have gone up over the course of time. Sometimes it
• 2:18
  Speaker 3: takes eighteen months for it to recover. Sometimes it takes
• 2:21
  Speaker 3: eight weeks for it to recover. But this is why
• 2:24
  Speaker 3: dollar cost averaging is important, because when you put money
• 2:27
  Speaker 3: into investments while they're down, that's the best time.
• 2:29
  Speaker 5: That's time to buy.
• 2:30
  Speaker 6: You buy low so high. That's like the number one
• 2:32
  Speaker 6: rule thing.
• 2:32
  Speaker 3: So when you are in your fall one K and
• 2:35
  Speaker 3: you're putting money in, you got to continue to put
• 2:38
  Speaker 3: money in. This is what happened during two thousand and eight.
• 2:40
  Speaker 3: A lot of people got they panicked, they stopped putting
• 2:43
  Speaker 3: money in. They cashed out there four on one K
• 2:46
  Speaker 3: or they moved from equities, they moved from stocks to
• 2:50
  Speaker 3: stable like they put in the money market.
• 2:53
  Speaker 6: Yeah, they lost.
• 2:54
  Speaker 3: They saw they account go from five hundred thousand to
• 2:56
  Speaker 3: three hundred thousand. They got scared. They took it out
• 2:59
  Speaker 3: of stocks, they put it in the money market. You
• 3:01
  Speaker 3: know what happened the next year stock market went up
• 3:03
  Speaker 3: forty two percent. They didn't get any of that.
• 3:06
  Speaker 4: And if you a year away from a retiring I
• 3:08
  Speaker 4: get it. But if you're like fifty or younger, you
• 3:11
  Speaker 4: have to keep.
• 3:11
  Speaker 3: Your money in the panic long term play over the
• 3:14
  Speaker 3: course of time. History is the only thing that we
• 3:17
  Speaker 3: can really gauge. History has always said that stocks go up.
• 3:21
  Speaker 5: Yeah.
• 3:21
  Speaker 7: One Buffett just said this at the bedside of me,
• 3:25
  Speaker 7: and it is not hard. He was like, look over
• 3:27
  Speaker 7: one hundred years span, I've been investing. He'sninety two years old.
• 3:31
  Speaker 7: He said, I've been investing since I was in my
• 3:34
  Speaker 7: late to early twenties. Yeah, he said, majority of my life.
• 3:37
  Speaker 7: I'm telling you from a historic standpoint, it always it's
• 3:39
  Speaker 7: always going to go up.
• 3:41
  Speaker 6: We don't have to earners.
• 3:43
  Speaker 2: What's up?
• 3:44
  Speaker 8: You ever walk into a small business and everything just
• 3:46
  Speaker 8: works like the checkout is fast, the receipts are digital,
• 3:50
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  Speaker 8: pushing your vision forward. This episode is brought to you
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  Speaker 8: by P and C Bank. A lot of people think
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  Speaker 8: podcasts about work are boring, and sure, they definitely can be.
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  Speaker 8: P and C Bank National Association Member FDIC.
• 5:33
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 5:37
  Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador
• 5:41
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 5:45
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 5:49
  Speaker 1: some of the heinous migrant criminals caught because of President
• 5:53
  Speaker 1: Donald J. Trump's leadership. I'm christin nom the United States
• 5:57
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 6:01
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 6:05
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 6:08
  Speaker 1: are here illegally, your next you will be fine nearly
• 6:12
  Speaker 1: one thousand dollars a day. Imprisoned and deported, you will
• 6:16
  Speaker 1: never return. But if you register using our CBP home
• 6:20
  Speaker 1: app and leave now, you could be allowed to return legally.
• 6:24
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 6:29
  Speaker 1: border and families will be protected.
• 6:31
  Speaker 2: Sponsored by the United States Department of Homeland Security. Complicate this.
• 6:34
  Speaker 5: Yeah. For those of you are new, Welcome to the show.
• 6:37
  Speaker 4: Vol is a SMP index fund that's like an all
• 6:40
  Speaker 4: star team VTI. Same thing. Apple, one of the top
• 6:44
  Speaker 4: companies of all time. Microsoft is like having Jordan and
• 6:48
  Speaker 4: Lebron on the same team, so you don't have to
• 6:49
  Speaker 4: debate which go to pick right, you want to have
• 6:52
  Speaker 4: both in your arsenal.
• 6:53
  Speaker 3: And then also sometimes so most of the time for
• 6:55
  Speaker 3: four one K, you're not gonna be able to put
• 6:57
  Speaker 3: individual stocks in four one K. Sometime they might not
• 6:59
  Speaker 3: even let you to put like an index fund depending
• 7:02
  Speaker 3: on the four one K, but you will be able
• 7:04
  Speaker 3: to nine times out of ten to do target date funds,
• 7:07
  Speaker 3: something that's extremely beneficial. So it's like the year that
• 7:11
  Speaker 3: you're planning on retiring, whether it's twenty thirty, twenty forty,
• 7:14
  Speaker 3: twenty fifty, twenty sixty, then they have a fun dedicated
• 7:18
  Speaker 3: to that most of the time in your full one
• 7:19
  Speaker 3: K plan or your retirement plan, and it gets more
• 7:21
  Speaker 3: conservative as you get closer, so it reallocates itself over
• 7:25
  Speaker 3: the course of time. That's extremely beneficial as opposed to
• 7:27
  Speaker 3: you're just trying to do it yourself. So when you're
• 7:30
  Speaker 3: investing in your four one K, look at their perspectives,
• 7:33
  Speaker 3: look to see your options. But that's always a good choice.
• 7:37
  Speaker 5: Options as in what you can invest in law.
• 7:39
  Speaker 3: Choices and not trading. Oh yeah, so but you know
• 7:44
  Speaker 3: this is always just think long term long story.
• 7:47
  Speaker 5: Please that's the easiest win.
• 7:48
  Speaker 4: Please five years minimum thirty Like, it's impossible if you
• 7:51
  Speaker 4: invest in S and P five hundred to lose over
• 7:53
  Speaker 4: a twenty your period. I know some people are going
• 7:55
  Speaker 4: to say, hey, I don't have twenty Those twenty years
• 7:57
  Speaker 4: are gonna go by like it in the heartbeat.
• 7:59
  Speaker 5: Just think about this.
• 8:00
  Speaker 7: When we were telling people five years, ten years in
• 8:02
  Speaker 7: twenty twenty twenty, yeah, they're already halfway through it absolutely,
• 8:06
  Speaker 7: like it's already three years.
• 8:07
  Speaker 5: Yeah, you know what I'm saying.
• 8:08
  Speaker 7: So like, just be diligent with with what you're doing
• 8:12
  Speaker 7: and just have the patients have to have the discipline
• 8:14
  Speaker 7: more than the patients have the discipline to state.
• 8:17
  Speaker 5: Of course, I want you guys to do like an
• 8:19
  Speaker 5: assessment real quick.
• 8:20
  Speaker 4: If you started investing one of Migos first came out
• 8:22
  Speaker 4: to their breakup, like what percentage should be up? I'm
• 8:25
  Speaker 4: at least fifteen hundred percent.
• 8:26
  Speaker 6: The game can't come it can't come down.
• 8:29
  Speaker 4: And I didn't get left off that So the best
• 8:32
  Speaker 4: of the long term best in piece of two. Yes,
• 8:35
  Speaker 4: shout out to one of the greatest groups all the time.
• 8:37
  Speaker 4: Maybe shout all set too, man better than the locks
• 8:41
  Speaker 4: or no.
• 8:43
  Speaker 6: It's commercially successful. Yes, commercially. We've been having.
• 8:47
  Speaker 4: Debates Jada Styles ill on the issue.
• 8:49
  Speaker 5: Styles be quick. They're not even gonna do that on here,
• 8:52
  Speaker 5: shouting that one for I love you.
• 8:54
  Speaker 3: Shout to Atlanta, my graduates from my school being fought.
• 9:00
  Speaker 6: Bag drop bag drop.
• 9:05
  Speaker 4: Droft.
• 9:15
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 9:19
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 9:23
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 9:27
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 9:31
  Speaker 1: some of the heinous migrant criminals caught because of President
• 9:35
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 9:39
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 9:43
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 9:47
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 9:50
  Speaker 1: are here illegally, your next you will be fine nearly
• 9:54
  Speaker 1: one thousand dollars a day, imprisoned and deported, you will
• 9:58
  Speaker 1: never return. But but if you register using our CBP
• 10:02
  Speaker 1: home app and leave now, you could be allowed to
• 10:05
  Speaker 1: return legally. Do what's right. Leave Now. Under President Trump,
• 10:09
  Speaker 1: America's laws, border and families will be protected.
• 10:13
  Speaker 2: Sponsored by the United States Department of Homeland Security,