Bonus: Reaction To Losing 20% of My Portfolio Last Quarter

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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.

Did you enjoy this episode? Leave a review on Apple Podcasts. This helps new listeners find the show and know what to expect. Thanks for your support. I really appreciate it!

Tips for managing your emotions during a stock market decline.
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Bonus: Staying Consistent in Your Investment Strategy Despite Stock Market Decline

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.

Prefer to watch the video?

Press play and join me on future live steams by following me on Facebook 🙂

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.

Tips for anxious investors during a market decline - tips for remaining consistent in your investment strategy.
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Episode 34: Building Wealth and Moving Abroad with Damien Peters of Wealth Noir

Building Wealth and Moving Abroad with Damien Peters Founder of Wealth Noir

Damien Peters is a personal finance nerd and former Facebook Product Manager who started Wealth Noir to help others build wealth and gain financial freedom. He actively invests in stocks and enjoys real estate investing. Damien currently lives in Valencia, Spain with his wife and 2-year-old son. In this episode learn how to create a wealthy lifestyle where you travel in a way that makes sense with your wealth goals.

Inspired to take a career break or an adult gap year? Get access to incredible tips that will help you afford, plan, and take a career break with the Wealth Noir Work Sabbatical Summit presented by Damien Peters. Sessions include how to find the perfect location to live abroad, how to accelerate your savings, and more.

Update January 2021: Damien has since moved back to the United States.

Listen on Apple Podcasts | Google Podcasts | Spotify | Stitcher

The recording of this episode was sponsored by NEFE at #FinCon19.

In this episode we cover:

  • What it means to build wealth and why it is important.
  • Why Damien chose to move to Valencia, Spain with his family.
  • The factors he considered when picking a location to move abroad including healthcare, cost of living, average temperature, political economy, safety, and more.
  • How moving abroad has helped him build wealth.
  • Recommended resources for those thinking about moving abroad and becoming an expat.
Damien Peters Founder of Wealth Noir and Danielle Desir Founder of The Thought Card
Live recording with Damien at FinCon!

Resources Mentioned:

Wealthfront

M1 Finance

Betterment

What is a Robo-Advisor and Why I Love Them

Choosing Your Expat Country

Connect with Damien Peters:

Website: https://www.wealthnoir.com/

Facebook: @wealthnoir

Instagram: @wealthnoir

Instagram (personal): therealmrpeters

Twitter: @wealthnoir

Pinterest: @wealthnoir

Tips for moving abroad and building wealth with Damien Peters founder of Wealth Noir.
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If you enjoyed this episode, listen to Episode 12: Emigrating to the USA with Kylie Neuhaus and Episode 22: Moving Abroad after 30 with Frantzces Lys.

Want to visit Iceland? Grab a copy of my Iceland travel guide here!

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Episode 31: Leaving a Legacy Behind with Acquania Escarne

Real Estate Investing Acquania Escarne

Listen on Apple Podcasts | Google Podcasts| Spotify | Stitcher

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

Real estate investing and leaving a legacy behind for your family with Acquania Escarne
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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.

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Episode 7: Trade Stocks and Travel Full-Time with Teri Ijeoma

Trading Stocks and Traveling Full-time with Teri Ijeoma

After getting denied vacation time for the third time and having a friend pass away abruptly, Teri Ijeoma decided that life was too short to not pursue her dreams. After lots of practice and taking a class learning how to trade in the stock market, Teri quit her job when she made enough money to replace her full-time income. Now Teri trades full-time and travels the world. Teri Ijeoma is an entrepreneur, day trader, and course instructor who encourages people to learn how to trade stocks as a way to supplement their income.

Listen on Apple Podcasts | Google Podcasts | Spotify | Stitcher

In addition to investing, Teri has over 10 years of experience in operations, logistics, staff development, non-profits, and education. Teri graduated from Massachusetts Institute of Technology (MIT) with her Bachelor of Management Science and got a Master of Media and Communications from Dallas Theology Seminary.

Teri shows us that if we put our fears aside, we can potentially add stock trading to our portfolio as a viable income source.

Want to learn how to invest with Teri? Sign up for Teri’s Trade and Travel course an investing course for people who are looking to afford to travel, pay down debt, or replace their income using the stock market.

In this episode with Teri Ijeoma we cover:

  • What is a stock?
  • What is a brokerage account?
  • How Teri transitioned from working full-time to making over $1,000 a day trading and traveling.
  • Ways to talk to your boss about pursuing professional development opportunities.

How to get started with investing?

  1. Teri recommends opening a stock brokerage account.
  2. Look for brokerages with low fees or no minimums like Robinhood.
  3. Learn how to trade by starting with fake money.

Other brokerages to consider include:

Resources Mentioned

Sign up for Teri’s investment stock market class where you learn how she makes $1,000 a day and the (4) secrets that leads to Teri’s investing success.

In Trade and Travel, learn how to:

  • Pick the right companies to invest in.
  • Ways to protect your investment portfolio.
  • How to price a trade.
  • Strategies to earn consistently and more!

In 2019, Teri competed against other course creators and became the Grand Champion of Teachable’s 2019 Creator Challenge.

Connect with Teri Ijeoma:

Website: www.investwithteri.com

Instagram: @teriijeoma

If you enjoyed this episode also check out Episode 34 where I chat with Damien Peters, the founder of Wealth Noir about moving abroad to Spain and ways he’s building wealth.

Looking for the best time to book flights? Listen to Episode 5 for the best times to buy flights according to CheapAir.com.

What’s holding you back from starting to invest in the stock market?

To listen to more episodes of The Thought Card don’t forget to subscribe!

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  1. Head to your favorite podcast player.
  2. Search for “The Thought Card”.
  3. Find it.
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