Nicole Lappin

Yep. So bear market down 20 percent every four or five years. Correction down 10 percent every couple of years. We know this, but somehow it feel it always feels different. Like this one's going to be a different one from all of the time in history. You know, history doesn't repeat itself, but it does rhyme.

So people are definitely feeling scared and panic, especially around Liberation Day or as Bloomberg called it, Obliteration Day. Can you take us into the creative planning offices? We love you guys. I'm sure the energy was nuts that day. I mean, what was going on? Were you glued to CNBC or Bloomberg? Was your phone ringing off the hook? What was going on?

So people are definitely feeling scared and panic, especially around Liberation Day or as Bloomberg called it, Obliteration Day. Can you take us into the creative planning offices? We love you guys. I'm sure the energy was nuts that day. I mean, what was going on? Were you glued to CNBC or Bloomberg? Was your phone ringing off the hook? What was going on?

So let's talk high level about what those opportunities could be. What do you tell investors who don't know what to do with their portfolios right now? I'm sure even though you guys are calm because you've seen this movie before, people freak out and they call and they want to panic sell.

So let's talk high level about what those opportunities could be. What do you tell investors who don't know what to do with their portfolios right now? I'm sure even though you guys are calm because you've seen this movie before, people freak out and they call and they want to panic sell.

Yeah. I mean, I think that when anything chaotic happens, it's always good to take a pause, whether in your personal life, in the market, not act irrationally. But during a downturn, you know, emotions get the better of people. Do you tell investors to stay the course with dollar cost averaging?

Yeah. I mean, I think that when anything chaotic happens, it's always good to take a pause, whether in your personal life, in the market, not act irrationally. But during a downturn, you know, emotions get the better of people. Do you tell investors to stay the course with dollar cost averaging?

Or could there be a moment to double down and invest more, more aggressively if, you know, high quality investments are so-called on sale?

Or could there be a moment to double down and invest more, more aggressively if, you know, high quality investments are so-called on sale?

In your experience, what's more damaging in a downturn, bad investment or a panicked investor?

In your experience, what's more damaging in a downturn, bad investment or a panicked investor?

Do you ever find yourself playing therapist more than financial advisor during some of these times? I'm sure. I mean, I know you're the head honcho, but maybe somebody's so freaked out. They're like, I must talk to the CEO. I must get to the top. I must panic sell. And then the red phone rings. I don't know what happens over there.

Do you ever find yourself playing therapist more than financial advisor during some of these times? I'm sure. I mean, I know you're the head honcho, but maybe somebody's so freaked out. They're like, I must talk to the CEO. I must get to the top. I must panic sell. And then the red phone rings. I don't know what happens over there.

But how do you balance empathy with tough love in those conversations?

But how do you balance empathy with tough love in those conversations?

Yeah, there's a little bit therapist that goes into this too. I think people want to know that it's going to be okay ultimately, and you can't hear enough. So I want to dig into some strategy. What's your take on rebalancing during a downturn?

Yeah, there's a little bit therapist that goes into this too. I think people want to know that it's going to be okay ultimately, and you can't hear enough. So I want to dig into some strategy. What's your take on rebalancing during a downturn?

Is it also a good time for tax loss harvesting? And if somebody doesn't know what that is, can you briefly explain it?

Is it also a good time for tax loss harvesting? And if somebody doesn't know what that is, can you briefly explain it?

And how do you help clients decide when it's worth locking in a loss for a future tax gain? So, you know, at what point does Visa have to be in order to take advantage of tax loss harvesting? Or is that something you do regularly?