T. Harv Eker on navigating the stock market after a 30% crash. His advice depends on your age and risk tolerance: younger investors with long time horizons can hold steady, while timing the market usually backfires. He keeps 95% of his own investments with wealth managers and expects recovery within 5 to 15 years.
Questions this video answers
About 30%.
About 95%.
Four or five.
He said over the next 5, maybe 10, maybe 15 years.
Chapters
Stock market just crashed about 30%. What do you do? It's up to you. Now, you might say, well, that's a frivolous answer. No, no, no, no, no. It's not frivolous. It's about you. Who are you? What is your demeanor? What's your stress level around this? How old are you? How much money do you have? So what your actions are need to be personalized to you. Case in point, listen closely. So I have, up until now, I have mostly 95% of all of my, you know, let's say bonds and stocks and all that whole arena other than business is managed by four or five other wealth managers. Okay. All my stuff is now. So I noticed that obviously the stock market plunged. Now it's gone up again, come down, up, down, blah, blah, blah. And I know, I believe for a fact, Right. I believe that over the next five, maybe 10, maybe 15 years, this market will most likely. I mean, I don't have a crystal ball, and I'm not talking truth here, just giving you my humble opinion. The market will come back to where it was and beyond. That's what I think will happen. Will it happen? Who knows? That's what I think will happen. It might take one year, five years, 10 years, 15 years. It depends on the market. Doesn't depend on much else. Okay, now, so do I think it's coming back? Yes. Great. When? Could be short, could be long. Fine. So most people who are on the younger side here, you have a lot of time for the market to come back. So do you need to take your money out of the market, for example, and out of those investments? That's totally up to you. But if you have a lot of time for it to come back, why try to pinpoint the market and guess when it's up and guess when it's down and worry about all that. You can just let it ride. Do what is appropriate for your personality and your length of time. This is a time to utilize this, to reposition yourself, reposition yourself financially.
