Billionaire investment analyst Ken Fisher once said, “Whenever there’s a buyer and a seller, somebody is wrong. Make sure it's not you.” Fisher’s point is that the market’s always headed up or down. Which way? No one knows but you have to plan for either. This is MoneyWise Live - biblical wisdom for your financial decisions. Rachel McDonough is our guest and is a Certified Financial Planner and a Certified Kingdom Advisor. She’s passionate about helping investors integrate their Christian values with their financial decisions. McDonough and Rob discuss these topics and questions:<ul><li>I know you’ve been eagerly awaiting a chance to talk to listeners during this period of market volatility so what do you want to tell them?</li><li>Do you have data to support that investor’s emotions and biases might lead to irrational decision making?</li><li>Investors could really use the help of an investment advisor to calm emotions and keep decisions on track, right?</li><li>Are emotions always a bad thing when it comes to investing? And is it possible or wise to turn them “off” when it comes to something as emotionally charged as investing our life’s savings?</li><li>How can using our emotional intelligence lead us to better decision making?</li><li>We don’t often think of Jesus’ 2nd Commandment in terms of investing but it seems we should?</li><li>Can you give us a real life example that knowing we’re investing in alignment with Jesus’ teachings can give us a feeling of confidence as we are proactive with the decisions we can control and trusting Him with the outcomes?</li><li>The bottom line is that emotions aren’t necessarily bad for investing?</li></ul>On-Air Mention:<ul><li>In addition to Rachel’s interview today, we’re also featuring an insightful article from her on moneywise.org titled ‘Tapping into Your Heart for Values-Based Investing in Volatile Markets’ where she explores the strong, emotional impulse that many of us are feeling during this financial season to sell your investments. Believe me, you are not alone.</li><li>Simply go to moneywise.org and it’s featured on our homepage, and you can also read, listen, and watch content from 15 content partners. moneywise.org. </li></ul>Next, Rob answers these questions at 800-525-7000 or via email at Questions@MoneyWiseLive.org:<ul><li>If a friend who is retiring soon has an investment theory to invest exclusively in blue chip stocks and live off the dividends, is there wisdom in doing this to avoid market volatility?</li><li>If you've heard rumors that there's going to be a huge government take-over of some bank accounts including some stock brokers, what should do with your money in the meantime? </li><li>If your oldest in college right now, because the market is down right now, should you get a student loan and pay it off with the 529 you have for him?</li><li>If you've heard some financial people on the radio talk about avoiding taxes on your RMDs and they're mentioning annuities but can't understand exactly what they're talking about, what might it be?</li><li>Jerry Bowyer - Market Insights</li><li>This week very different from last, what do you make of all this?</li><li>there are some real problems with energy and the COVID lock downs in China, this might cause result in a much deeper recession than what we're expecting here in the US?</li><li>In March, President Biden signed an executive order calling on a variety agencies to look at ways to regulate digital currency and those agencies have now reported back causing renewed interest in this, what do you make of all this?</li><li>Is there a benefit to having a digital dollar backed by the central bank?</li><li>The president can't do this on his own and it really requires an act of Congress, right?</li><li>As you look at the US versus the rest of the world and through the lens of principled reasoning, how are we doing?</li></ul>Be sure to check out the rest of MoneyWise.org to connect with a MoneyWise Coach or access our books and our many free helpful resources. You can also find us on Facebook (MoneyWise Media) and join the conversation. Thanks for your prayerful and financial support that helps keep MoneyWise on the air. And if you'd like to help, just click the Donate tab at the top of the page.

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Listen to MoneyWise Live each weekday at 4pm EST on Moody Radio.

MoneyWise Live

Billionaire investment analyst Ken Fisher once said, “Whenever there’s a buyer and a seller, somebody is wrong. Make sure it's not you.” ﻿The point is that the market’s always headed up or down. Which way, no one knows but you have to plan for either.

Investing in Volatile Markets With Rachel McDonough

FaithFi | Sep 16, 2022

Show Notes

Where Faith Meets Finance

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