Desperate times call for desperate measures. So I highjacked Doc G’s podcast. That’s him above.
There is so much nonsense swirling around COVID-19, right down to the correct name, I was starting to get lost sorting it out. What I needed was guidance from someone without an agenda. Someone who had the education and training to separate the wheat from the chaff. Someone to give it to me straight.
I needed Doc G.
Doc G is a medical doctor and he has the excellent podcast Earn & Invest (formerly What’s Up Next). He’s the perfect guy with the perfect format to share our conversation with you. He’s grilled me a few times on it; now it was my turn to do the grilling.
This past Saturday afternoon, March 21st, he agreed to let me turn the tables on him.
I was hoping he’d tell me COVID-19 was all overblown and nothing to worry about. As you’ll hear, he didn’t. Indeed, some of what he has to say is pretty grim.
But you have to accept that when you ask for the unvarnished truth.
Part of that truth, as you’ll hear, is that he doesn’t know everything or exactly how this will play out. But his are highly informed opinions and, as I say above, they come with no agenda other than helping us better understand this thing.
Do you have questions I didn’t think to ask? Doc G has graciously agreed to answer them in the comments below.
Finally, having heard this, you might be wondering if it has changed my opinions on this bear market. The answer is no.
Other than I am pretty sure I was wrong when I said come September we won’t remember it. We’ll remember this for a long time.
Stay healthy, wash your hands and make sure you are around to enjoy the market’s inevitable recovery.
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If you want to listen to my take on Mr. Bear, here are my three most recent podcast interviews:
The Mad Fientist:
In the comments, listener Skip said
Some takeaways for me:
“We are compensated with higher rates of return in stocks because of ugly times like this.” – Gino
“Bear markets are normal events. You shouldn’t be surprised by them, you should expect them.” JL Collins
BiggerPockets:
“If you’re freaking out about the stock market, this episode can help calm your fears and keep you on the right course to give you the most chance for financial success.”
The Mindful Millionaire:
Leisa Peterson – The Mindful Millionaire – and I recorded two conversations today (March 23rd). The longer and more general one she plans to release later. This short one is about the Bear:
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