Navigating a COVID-19 Market w/Aaron Lewis MD

<p>Nobody likes to see their investment portfolio decline in value. It doesn’t matter whether you are in retirement or just getting started with investing.  The recent COVID-19 pandemic caught the world off guard, however, unexpected market movements from time to time really should be…expected.  We discuss strategies for navigating this COVID-19 market with Aaron Lewis, MD – anesthesiologist by day, finance nerd by night. </p> <p> </p> <p>Get a Plan.  It is a lot easier to mentally prepare yourself for portfolio declines when you have a plan in place.  Preparing in advance for how you may feel (fear, anxiety) and having a strategy for when it happens can help you survive the stormy waters.  </p> <p>Young doctors have the advantage of time.  The one thing you cannot get back and cannot create more of is time.  Younger doctors have the benefit of time on their side.  When stocks decline in value, it creates a great opportunity for long-term investors to purchase shares at a discount and potentially benefit immensely in the future. </p> <p>It’s normal to feel fear.  You wouldn’t be human if you didn’t feel fear.  Fear of “losing” money.  Fear of not having enough.  Fear of dying.  We all experience fear.  Acknowledge it, accept it, but in times like these, try not to act on it.   </p> <p> </p> <p>Tip of the Day:  Focus on what’s important to you.  Odds are, we won’t be able to accomplish everything we want in life.  If we can achieve six or seven of our goals in life, chalk that up as a success.  Really focus on what’s important to you and your <a href='https://thefinitygroup.com/blog/financial-goals-for-happiness'>financial goals that maximize happiness</a>.</p> <p> </p> <p>Special thanks to Dr. Aaron Lewis, of <a href='https://www.moneynerdmd.com/'>MoneyNerdMD.com</a>, for joining us in today’s episode!</p> <p>Thanks again to the <a href='https://thefinitygroup.com/blog'>Financial Clarity Blog</a>, our amazing clients, and the whole team at <a href='https://thefinitygroup.com'>The Finity Group</a>.</p> <