Should You Sell When the Stock Market Drops? Ft. Michael Boyle (Ep. 12)
What should you do when the stock market drops and your investment account suddenly loses value? Before selling during a downturn, it helps to understand what the decline makes you fear losing in your life.
In this episode, Eric Lee and Michael Boyle explore why a market decline can make retirement, independence, and future choices feel less certain. Eric explains how investors become attached to a portfolio’s highest value and why a lower balance can feel like money has been taken from them. They examine the urge to sell during a bear market, the relief it may provide, and the difficult question of when to reinvest. Eric also shares three questions to consider before making a fear-based investment decision. The conversation offers a practical way to prepare for market volatility and evaluate whether a downturn has actually changed your financial plan.
Eric discusses:
- Why a falling portfolio can raise concerns about retirement, family support, and running out of money
- How selling during a market downturn can create a difficult decision about when to reinvest
- Three questions to ask before changing your investments in response to fear
- Why preparing during strong markets can help you respond more thoughtfully when volatility returns
- And more!
Contact Eric Lee:
Contact Michael Boyle:
About Our Guest:
Michael Boyle is Eric Lee’s partner at Purple Wealth and a returning contributor to Better Conversations: The Life & Money Podcast. In this conversation, he shares his perspective on market declines, investor fear, the emotional pressure to sell, and preparing for volatility before it happens.
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