Posts Tagged ‘wealth’
How to Deal With Big Market Drops
Posted on: April 7, 2025
Since April 2nd, the S&P 500 has dropped by 10.5%; and since its recent peak on February 19, it has fallen by 18.4%. How should we react to such significant market drops?
To answer this question, I want you to imagine that you bought all your clothes from Neiman Marcus and they are hanging (or sitting) in your wardrobe. Now imagine that Neiman Marcus announces an across-the-board 30% discount on all of their clothing items. Would you say “Damn, my clothes are now worthless” and sell them all at a flea market? You probably wouldn’t and might even make a trip to Neiman Marcus to buy a piece or two to add to your wardrobe.
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Loyal readers of my newsletter may have noticed that I haven’t written a newsletter article for over a month. This pause has given me time to think about what I should write about the remainder of this year and next year. It has come down to two broad topics, and I’d like my readers to help me decide.
Some of you may know that I have published two books. The first one, Physician Wealth Management Made Easy, was published in 2017, the second one, Entrepreneur Wealth Management Made Easy, in 2019. In these books, I use real-life cautionary tales to teach useful financial lessons. Since the publication of these two books, I have heard five more years worth of cautionary tales from folks who came to me for advice. I think my readers can learn a lot from these tales. What do you think?
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The Investment Scientist 