Finding the Silver Linings

Today’s Prep:

If you have a financial setback, how can you find the upside in the situation? We talk through four major financial upsets that could actually be an opportunity in disguise.

(Click the featured times below to jump forward in the episode)

Equipping Points:

Some of our biggest opportunities come from the silver linings of situations that may otherwise feel like a bad situation. For instance, when the market took a downturn in March of 2020, it might have felt scary or painful. But remember, that the market going down is actually a good buying opportunity.

If you have capital gains, consider the bright side. If you have money to pay in taxes, that means you made a lot of money that you didn’t have before. There are also strategic ways to handle this. Capital losses can offset capital gains. Eric talks through the rules on tax-loss harvesting.

Is there something good about a savings account? Remember that this is a liquid account that can bring comfort to have money readily available. You can only pick two of the three components of an investment: liquid, safety, and growth. Having investments across all three buckets can help protect you in case of the unexpected.

Whether you are forced into early retirement or your job is eliminated or you are laid off, how could that possibly be a silver lining? You might realize you are closer to being ready for retirement than you thought. Or, you might use that as a launching off point to doing something you really enjoy. Having an analysis and meeting with an advisor can be a beneficial way to figure out what’s next.

Listen to the entire episode or skip ahead using the timestamps below.

[0:46] What’s the silver lining in a market downturn?

[2:47] What’s the bright side of capital gains?

[5:01] What are the pros and cons of a savings account?

[6:36] How do you find a silver lining in job loss?

Today’s Takeaway:

“If you have an analysis, it can be very empowering for you.

-Eric Peterson

More From Eric:

The host: Eric Peterson - Contact - Call: (515) 226-1500

Subscribe To The Podcast:

Apple Podcasts  -  Google Podcasts  -  Spotify  -  Stitcher  -  iHeartRadio  -  TuneIn

Check out some other recent episodes

Mailbag: Which Investment Should I Withdraw From?

September 29, 2022

Whether you are nearing retirement or wanting to buy a new car, taxes are often a big part of the conversation. Thinking through how and when to withdraw from your investments strategically can make all the difference in what taxes you pay afterwards.

Read More

Investing and Coffee

September 22, 2022

In the fall, a lot of people are ready to cozy up with a coffee or latte in their favorite mug. For fun, we talk about the different types of coffee drinks and what kind of investor that might make them. Do you take your coffee the same style you do your investing? Which one are you?

Read More

The Different Kinds Of Annuities

September 15, 2022

To some people, an annuity is almost like a dirty word. In reality, there are a lot of different kinds of annuities, and some are better for your financial plan than others.

Read More

Financial Fortune Cookies

September 8, 2022

What small piece of wisdom can we take away and apply to our financial plan? Eric talks through five fortune cookie statements and what they mean.

Read More

The Worst Investor

September 1, 2022

Which investors will end up ahead in the end? Eric talks through the types that might look successful…until they aren’t.

Read More

What Happens in a Periodic Review With Your Financial Advisor?

August 25, 2022

Think about the taxes! Eric answers three questions from the mailbag today that all involve financial decisions with tax implications.

Read More

Mailbag: Does It Matter Who Gets What Asset in My Legacy Plan?

August 18, 2022

Think about the taxes! Eric answers three questions from the mailbag today that all involve financial decisions with tax implications.

Read More

More than Just a “Nice Person”

August 11, 2022

Financial advisors are people who want to get along with, but you probably want more than just a nice person. We talk through what you should expect with a fiduciary and when you should get a second opinion.

Read More

Mailbag: How Much is Too Much to Spend on a Forever Home?

August 4, 2022

Retirement decisions involve a lot more than just the money, but also the emotional and lifestyle decisions, too. Eric answers three questions from the mailbag from listeners making retirement decisions.

Read More

Financial Jeopardy

July 28, 2022

We play the game of Jeopardy as Eric answers financial questions on today’s show. Do you know all the answers?

Read More

Leave a Comment