Here's how to survive market volatility without panicking.
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00:00Investing in the consumer realm for your 401k and for long-term wealth building, the very word means have a long-term time horizon, meaning the stock market, you and I know this because we watch it all the time, the stock market in a given week is a toddler throwing a temper fit.
00:18The stock market over a decade is a wise old woman, and so she's wonderful long-term, but you don't want to mess with her short-term, so just zoom back, chill, look at the long-term, nobody gets hurt on a roller coaster except those that jump off in the middle of the ride.
00:33I don't know if it's a generational buying opportunity, but it's definitely a buying opportunity. Anytime the blue light is on and the sale sign starts flashing, I get kind of excited.
00:44And so when you have a long-term view, like we were just talking about, and you see a dip in the market, there's no other way to define that than it's on sale. It's a buying opportunity.