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While a lot of people have been freaking out about the market crashing, for the most part, I’ve kept calm, cool and collective. Knowing that the pandemic has been wreaking havoc on the stock market, I refused to check the balance of my retirement account. There’s no point in stressing about something that I have little control over. Right?! I went on this way for a while until my broker mailed my quarterly statement.

In this bonus episode, I share my reaction to seeing my personal rate of return nose-dive by 20% this last quarter (January to March 2020). I also share tips for managing your emotions as an investor, and how to shift your perspective to think more positively.

Want to get started investing? Get a free stock by investing with Robhinhood.

Resources Mentioned

Be Wealthy & Smart Podcast by Linda P. Jones – empowers you to financial freedom without budgets or bosses.

The NewsWorthy by Erica Mandy – helps you stay informed with quick, unbiased, and fun daily news updates.

Broke Millennial Takes on Investing by Erin Lowry is a guide to investing basics including topics such as common terminology and how to handle your anxiety during a decline.


Listen to this episode next: Tips for Downsizing Your Spending or Trade and Travel with Teri Ijeoma.

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How to stay consistent in your investment strategy and how you shouldn't panic in a market decline if you're a long-term investor.

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In this episode, Acquania Escarne and I discuss Vanguard’s coronavirus market volatility research report which found that although trading among U.S. individual investors increased during the pandemic, the majority are “staying the course” and not trading in response to the market decline.

In this episode learn why it’s important to stay consistent in your investment strategy, especially if you’re a long-term investor and why you should leave your emotions out of the decision making process.

Acquania Escarne is a financial coach, freelance blogger, and podcaster committed to helping people find financial freedom and leave a legacy behind for their families. She recently launched The Purpose of Money, a podcast for women focused on building generational wealth.

Read Vanguard’s market volatility research report.

Listen to Acquania’s episode where we talk about ways to build wealth and leave a legacy behind.

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Report Results:

  • Between February 19th and March 20th, 2020 trading among Vanguard’s individual investors increased.
  • 8% of U.S. households made trades, but half of those only made one trade. Majority moved money into equities (stocks, mutual funds, etc) rather than fixed income (bonds and cash).
  • More than 90% of U.S. individual investors “stayed the course” and did not trade in response to the market decline.
  • Households with the highest balances moved away from equities.
    • Older and wealthier households sold their positions, while the typical trader “bought on the dip”.

In this episode we cover:

  • Potential reasons for why my most people did not trade in response to the market decline.
  • Understanding your risk tolerance.
  • Why having an investment strategy is important.
  • Why you should leave your emotions out of the decision making process.

Connect with Acquania Escarne

Website: https://www.thepurposeofmoney.com

Facebook: @rrdinvestments

Instagram: @thepurposeofmoney

Twitter: purpose_money


Want to get started investing? Get your first stock free by getting started investing with Robinhood!

Also, check out this blog post where I share the most common investment terms you should know about.

Real Estate Investing Acquania Escarne

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Acquania Escarne is the founder and CEO of RRD Investments, a real estate investment company focused on leveraging the power of real estate to create generational wealth. In addition to handling the daily demands of running RRD Investments, Acquania recently launched The Purpose of Money, a website for women focused on building generational wealth for their families.

In this episode, we chat about how to get started investing in real estate and ways to think ahead and intentionally leave a legacy behind for your family.

A special thank you to Kenny Lee Young for the outro featured on this podcast. Kenny Lee Young is a singer-songwriter out of Colorado and his music can be found at www.kennyleeyoung.com.

In this episode we cover:

  • How to get started investing in real estate
    • Save cash
    • Find a partner
  • Ways to get involved in real estate without having a lot of cash
    • Real estate investment trust (REIT)
  • Buy and rent vs. flipping houses
  • The mindset of a real estate investor
  • The importance of leaving a legacy behind
  • Ways to intentionally pass down your wealth to your loved ones
    • Get life insurance
    • Have a will
    • Individual retirement accounts
    • Invest in real estate

Resources Mentions

Show Love: Leave a Legacy – The Purpose of Money

Connect with Acquania Escarne

Website: https://www.thepurposeofmoney.com

Facebook: @rrdinvestments

Instagram: @thepurposeofmoney

Twitter: purpose_money


If you enjoyed this episode, listen to Episode 21: How to set yourself up for financial success by setting financial goals.

Need help managing your money?

Learn how to create and maintain a budget that helps you reach your financial goals sooner with the Back to Budgeting Basics course.