Sim Kaur

Hello Investee Besties and welcome back to Friends That Invest, the podcast that feels like a voice note from your favorite finance friend.

My name is Sim Kaur and I am wildly passionate about all things investing and personal finance.

It makes complete sense to spend today's episode talking about what's going on with the war, what it means for your investments, and just making sense of everything because there's a lot of fear.

People are losing their returns very quickly.

They're seeing their profits wiped out in a matter of days and a

For some people, a matter of hours.

So let's get into it.

Let's break down what's going on.

Now, the best place to begin is by understanding what's gone on thus far.

You're probably not living under a rock, so I'll spare you the political details.

Essentially, the US and Israel have decided to team up and attack Iran.

They were not expecting Iran to retaliate.

They kind of just thought, we've got this in the bag.

And the markets actually reacted quite well.

normally almost positively to the news after a small blip.

Markets didn't tumble as much as people thought they would because investors basically said, do you know what?

I don't think this is the end of the world.

I think that this will be a short stint and therefore we've priced it in and it won't be a huge issue.

Then on February 25th, the market started to have a change of heart.

They said, okay, this war is still going on, the Strait is causing issues, oil is becoming an issue, and Iran is not backing down in the way that the US and Israel thought it would.