Jon Quast

It can drive sentiment lower.

One of the interesting things is so many investors haven't experienced a real economic crisis.

Yes, there have been pullbacks here and there.

But it's a little bit dated now.

But in 2021, Charles Schwab did a study and found that 15% of investors started investing during the pandemic.

We're five years later now.

That means that there's a significant percentage of investors that have started investing within the last six years.

They've never experienced a 2000 event.

They've never experienced a 2008 event.

And they're already very fearful with the market.

It's only like 5% or 6% off of its all-time high right now.

That's pretty good.

it can get a lot worse.

It can drive that sentiment a lot lower.

I hope that people listening to this show don't start panicking because that's one of the worst things that you can do.

Your emotions are a very bad instructor and guide for your financial life, right?

It's important to have a level head, but it's also important to realize, yeah, this can get worse before it gets better.

Well, no.

In a worst-case scenario with the economy and with the stock market, then really no.

When it comes to what we're talking about here, let's just say oil prices stay high for longer.