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Each week on “I’m a Millionaire, So Now What?”, Colleen O’Connell-Campbell, Wealth Advisor at RBC Dominion Securities, delivers inspirational stories and practical advice to self-made millionaires and wealthy families. With a focus on financial planning and wealth management strategies, Colleen and her guests cover the critical issues that truly matter to you, including succession strategies, family business governance tips, how to cope with fundraiser fatigue, finding your purpose after losing your family business, and much more.

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?:

 

  • The effects of the COVID-19’s outbreak on the stock market
  • How investing in and buying companies provide higher returns than saving money or holding bonds
  • Why business owners should diversify their investments instead of speculating in one company
  • How I help my clients through stock market investing in times of uncertainty
  • How a stock market decline can provide opportunities to new investors
  • The steps you need to take with your investment portfolio during the COVID-19 outbreak

 

 

How to Handle a Stock Market Decline:

 

  1. Review your investment and financial plans.
  2. Understand your need for cash.
  3. Consider how market changes and uncertainty has affected you.
  4. Consult your wealth advisor and manager.

 

 

 

 

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 colleen.campbell@rbc.com

 

 

Book Your Prosperity Discovery Session Today!

 

Are you ready to double your net worth? Ready to create your roadmap to riches or get your financial life back on track? Join me for a Prosperity Discovery Session today! Let’s unlock your roadmap to riches so you can begin to live your life to the fullest. To book your Prosperity Discovery Session, email me at colleen.campbell@rbc.com to request a free questionnaire and let’s begin your roadmap to riches now!

 

Spots are limited, so book your Prosperity Discovery Session today!

 

 

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