IFB141: What To Do When The Sky Is Falling

Announcer (00:00):



You’re tuned in to the Investing for Beginners podcast.
Finally, step by step premium investment guidance for beginners led by Andrew
Sather and Dave Ahern. To decode industry jargon, silence crippling confusion,
and help you overcome emotions by looking at the numbers, your path to
financial freedom starts now.



Dave (00:36):



All right folks, welcome to Investing for Beginners
podcast. This is episode 141 tonight. Andrew and I got a, well actually we’ve got
a great a wetter from one of our listeners recently, a couple of weeks ago and
it describes, it touches on two subjects that are very forefront in the news
recently with the growing possibility of a pandemic with Coronavirus as well as
the ups and downs of the stock market lately over the last three or four days,
which is mostly down the last three days. So we thought we would read this
sweater and kind of help answer this question for the gentleman, and I’m going
to turn over an Andrew, and he is going to go ahead and get us started.



Andrew (01:16):



Okay, sure. I’ll start reading what he said and to give
context. So we’re recording this on the 27th of February. Trump just did his
first conference on the Coronavirus last night and today, earlier this morning,
and I saw reports that we have cases in California now with the current virus.



Andrew (01:42):



So it’s getting really serious. People are freaking out
and with good reason, and I mean, I had a warning about this two weeks ago from
this email I received, and it’s just one of those things you can’t, I guess
ever really understand the gravity of it until it starts to affect you. But
let’s read some of his experiences. Talk about how that’s evolved and what we
see for the market moving forward. So this is from Matt. He says, hi there,
Andrew. I’ve subscribed to your monthly stock picks, and they’ll start
following them, investing in the stocks you choose. I have a few questions
regarding the current economic environment and the future outlook. I’m from
Australia but live in Singapore. The current Coronavirus has created a lot of
havoc in this part of the world, and it doesn’t look like it will calm down
anytime soon.



Andrew (02:33):



From my perspective, I run rehabilitation clinics around
Asia, and our patient numbers have dropped by around 30% our medical supply
chain has been greatly interrupted, and the companies are unable to deliver our
stock. China has stopped at manufacturing schools, and businesses are starting
to close and stop operating for periods due to the virus. People are not eating
now.