Transcript

Don't Wait for a Market Crash: Build Your Investment Strategy Now · Winning With Winans!

speaker-0: Folks, talk to your advisors about things you could do. Should you raise cash? Should you change in investments? Should you look at hedges? Should you look at things like stock options? Should you look at putting money into areas that are not correlated to the stock market? My point is simply this. Ask these questions now, not when all heck breaks loose. Because one thing I can tell you, when stock markets fall, they fall fast. And look, we just had a little bit of a preamble for this in 2022, for those of you who remember it. The market went down that year because interest rates went up. Now we all knew it was going to happen, but again, a lot of people they took some pretty big hits. The COVID situation, when the markets went down that March, 38%. A lot of people were scared. A lot of people sold at the bottom and didn't get back in, believe it or not. Again, you gotta have a strategy here.