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Listen to Johnson Brunetti's Money Wisdom with Joel Johnson CFP®, host of Better Money Television program and Forbes Contributor. Gain true financial wisdom and advice aimed at educating you about all of your financial options when it comes to retirement so you can make the best decisions for you and your family. Get information and education that can bring you peace of mind with your savings and retirement. Whether it’s your 401k account, IRA, or an underperforming asset, Joel Johnson can answer your questions and make you more aware of issues that may affect you.

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Apr 3, 2018

Learn why some of the most memorable market crashes happened and how to safeguard your money in case of a future crash.

Main Questions Asked:

  • How did these market crashes happen?
  • What can we learn from these market crashes?
  • What can we do today to safeguard our assets from a future market crash?

Key Lessons Learned:

Most Memorable Market Crashes

  • Black Tuesday on October 29, 1929. The Dow fell by 12% which would be equivalent of the Dow dropping by 2800 points today. This was the end of irrational exuberance. It took up until 1944 for the market to regain its 1929 levels.
  • The dot com crash. Many analysts say the crash started on April 14th of 2000. The tech bubble began to burst. People had made so much money that they were complacent.
  • The financial crisis of 2008 and 2009. The housing crisis and mortgage bubble along with bank bailouts and collapses. People got spooked and didn’t take profits or rebalance their portfolios.
  • The next one? We don’t know what, when or where. The market is fragile. We don’t know when the next drop will come, but we know it will come. You need to have your portfolio balanced properly and your asset allocation right.

Your Questions Answered

  • Is the raise in minimum wage good for the economy? Overall the raising is helpful to young people. It could reduce jobs or influence inflation. Companies must find a balance.
  • Is this a good time to buy bonds? You need to make sure you have enough investments that won’t go down with the market. Question your asset allocation.
  • Is it typical for a financial advisor to talk about investments, but not other things like social security and retirement? It is typical, but a financial planner with a fiduciary responsibility should look at the whole picture and the timing of it.

Links To Resources Mentioned

Money Map Retirement Review


Thank you for listening!