Mar 10, 2020
The outbreak of the Coronavirus Disease 2019 is not only concerning from the perspective of health and welfare but also from that of economic growth. We’ve recently experienced one of the most challenging weeks for investors due to the outbreak: the stock market just had a profound decline that hasn’t been seen since the financial crisis in October 2007. How can investors and business owners weather risks during such a time of uncertainty? Should you sell your stocks, hold on and wait, or buy more?
In this episode, I discuss how the Coronavirus outbreak has affected the stock market. I explain why mistaking hope for expectations is a problem when it comes to considering market uncertainty. I describe how the stock market works and illustrate why business owners should invest in a higher number of companies rather than speculating in a few businesses. I describe how a stock market decline can help new investors and share the steps that investors need to take during the coronavirus outbreak.
“Trust the ingenuity of humankind to find a solution to whatever obstacles we face. The stock market will reflect that ingenuity and will eventually reflect positive growth.” - Colleen O’Connell Campbell
Today on I’m A Millionaire...So, Now What?:
How to Handle a Stock Market Decline:
You’re Invited: Double to Sell Workshop
Are you ready to build your multi-million-dollar exit strategy? Ready to sell your high-profit organization, move forward with your life, and explore new ventures? Learn the strategies you need to 100x the sale of your organization and create the wealth that will allow you to continue living financially free while exploring new opportunities.
Join us on May 6, 2020 for the premier, invitation-only Double to Sell Workshop! Learn the secret to maximizing your exit strategy and sell your business successfully.
For more information and to qualify for the super early-bird discount, email Colleen at firstname.lastname@example.org
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