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Owen Raskovich

πŸ‘€ Speaker
6765 total appearances

Appearances Over Time

Podcast Appearances

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

My question to you would be, how do you decide when to sell?

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

And how much do you sell?

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

At what prices do you sell?

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

And then will you have the nerve to get back in once it's fallen or if it falls?

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

Or will you think, oh no, it's still scary then, and then you miss an opportunity altogether.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

So what I find is that people who make these decisions are often then tentative to invest back into the market after it has fallen.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

So we think, you know what, I'll just wait for the crash.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

And then it gets to the crash and like, oh, geez, this is really scary.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

I'm going to wait a little bit longer.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

And then they never get back in.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

So the second option you have is sell everything.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

Now, you could say bugger off shares, bugger off Owen.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

I'm going to go back to my property and my term deposits and I'm going to earn less than 1% and then tax and then inflation.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

Oh, geez.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

So that's kind of the option, right?

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

Yes, you could feel good in the short term, but it's probably only a short term fix.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

It's kind of like a Band-Aid for your investments.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

So I've talked about this many times.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

I've talked about market crashes.

Australian Finance Podcast
Season 2: Coronavirus and prepping finances for... a recession?

I've talked about the power of long-term investing.