“We’re in unprecedented times in the markets.” It’s a phrase that Travis has been hearing a lot lately. Does he agree? Listen as he and Derrick dig into the volatile economic circumstances we’re experience as a result of COVID-19, and garner time-tested strategies for managing your investing and maintaining your financial health as change thunders around us.

1:15–Money Problem:It was in the middle of hard economic times when Travis’ clientsstruggled to escape investor panic.

2:10– Expert Examination: Travis and Derrick take you through all the financial considerations, worries, and expectations to keep in mind when making investment decisions during uncertain economic periods:

• truth or fiction: these are unprecedented financial times;
• defining a “bear market;”
• why markets shift down;
• searching for the market bottom;
• advantages of dividends and dollar cost average investing;
• recognizing and responding to market panic;
• opportunity and investment adjustments in a down market;
• investing excuses to ignore.

19:50– Weekly Financial Fix:you’ll feel a different level of financial stress today and in the near future. Travis has a challenge to help you set aside some of that worry.

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrickyour question at islandsavings.ca/wealthbeing, or at wealthbeing@firstwestcu.ca, and we will consider it for a future episode.