BROADCASTS.com

034R | In today's podcast we discuss our thoughts on Part 2 of the Stock Series conversation with JL Collins, risk tolerance, doomsday scenarios and rebalancing.

In Today\u2019s Podcast we cover: The Friday Roundup and the episode Part 2 of our discussion with JL Collins from The Simple Path to Wealth and JLCollinsNH

What do you do when there\u2019s a large crash in the stock market? Big takeaway from Jim\u2019s episode You can\u2019t sell at the bottom, so you need to steel yourself mentally beforehand

If you\u2019re starting investing, one of the best thing that can happen to you is a market crash You can\u2019t time the market There are doomsday scenarios, but since they are so rare it is silly to plan for the absolute worst case and ignore the other 99.9% likelihood

Follow the math when making the best decision with the information at hand Question from Kevin about when to \u201ctake all your chips off the table\u201d That event would have to be extraordinary and destructive for our country and economy

Spend less than you earn and invest in broad based index funds Feedback from Nancy on asset allocation and comfort with volatility and her belief that you shouldn\u2019t take a lot of risk if you don\u2019t need to Jonathan\u2019s example of rebalancing and a hypothetical $1,000,000 portfolio and a 50% market crash

Equities will return significantly higher than bonds over the long term. Bonds do \u201csmooth the ride\u201d but lower long-term returns You want to rebalance in accounts like IRAs, 401ks that won\u2019t trigger a taxable event Brad\u2019s example of his parents investing strategy Over the long term which option is truly riskier?

Investing in stocks and facing volatility or lowering your expected return by investing in cash or bonds The 4% rule is based on getting a return while pulling out money each year, so you can\u2019t just stick it in cash and expect the money to last forever

The power of the \u2018perpetual money making machine\u2019 to last forever

ChooseFI was mentioned on Forbes as one of three financial podcasts for people of all ages to listen to

We need panelists to select the finalists for the business building contest with Alan Donegan Lance on our Facebook group pulled the trigger on FI today \u2013 congrats!

What did Brad and Jonathan put into place this week as one life optimization? Jonathan\u2019s salad hacks Jonathan is now saying \u201cstimulus and response\u201d out loud when finding something habitual in his life ChooseFI is not just limited to finances. It is a life optimization project Voicemail from Scott (Brad\u2019s brother) Frugal wins of the weeks Itunes reviews of the week\xa0