It is amazing how little financial knowledge exists with people when it comes to the stock market but nonetheless, people stuff their life savings into it, and only get interested when they are seeing a 30% drop like what we are currently seeing right now.

The sad part is, because they really don’t know what they are doing they rely on financial advisers, who really don’t know much either. Instead they endure painful draw downs that could have been avoided. It is time that you took control and became more literate with the the stock market, because no one will ever care for your money as much as you do. You need to learn how to plan, how to manage risk, you need to invest in your money just like you do with your own hobbies and adventures. That way you don’t have to be held hostage to the whims and ways of the stock market.

Today the stock market suffered its worst sell-off since the October 19, 1987. The Dow Jones Industrial Average dropped by 10% today, and right behind it was the Nasdaq and S&P 500. People are panic selling as a result of the Coronavirus that is affecting the world. There is a lot of risk and politics is once again at the forefront of it all. In this podcast episode I discuss how you can weather the storms of this stock market and how your success will ultimately come down to you remaining calm and managing the risk in your trading and investing.