Rule #1 Finance Blog

With Investor Phil Town

InvestED: Ep. 255- Coronavirus: What Does This Mean For The Market?

“Fear doesn’t stop until things stop going down.” – Phil Town

Last week the market dropped by about 10%. With lots of discussion around the market right now due to these historically low numbers, Phil and Danielle open up their own conversation on the matter.

As Rule #1 investors, we care about the individual companies on our watchlists and how they are doing. Just because a stock is lower than it was before, this does not mean that it’s on sale or that it’s time to buy.

Fear is a driving factor in the economy which is evident by the effect the coronavirus has on taken on the stock market. If everyone starts to run, there’s nothing that will stop the market from going into serious depression. Are you ready for what’s to come?

For more about the coronavirus and what it means for the market, join us on the podcast today!

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On the InvestED podcast, Phil and his daughter Danielle shine a light on the successful investing strategies that gurus like Warren Buffett have used for 80 years. Listen in for a great stock market education on basics, learn how to invest on your own, and follow along with real-time examples and investing tips from week to week.