In this episode of The Ascent, Sam McGee, CEO of Crestmont Private Wealth, discusses the importance of long-term investing and maintaining perspective during market volatility. Drawing on historical examples like tariffs, bear and bull markets, the 2008 financial crisis, and the COVID-19 downturn, Sam explains why staying invested and managing emotions is crucial for financial success. The episode also covers behavioral finance, the value of diversification, and practical advice for weathering market corrections. For more resources or to get a copy of the referenced deck, contact info@crestmontpw.com.
00:00 – Introduction: Meet Sam McGee and Crestmont Private Wealth
00:31 – Reference to the investment deck and how to get a copy
00:59 – Investing as a long-term game vs. speculation
01:49 – Risks of investing and the importance of perspective
02:16 – The impact of news headlines and market volatility
02:45 – Example: 2002 steel tariffs and market resilience
04:22 – 2018 US-China tariffs and market response
05:05 – Lessons from market history: bull and bear markets since 1950
06:47 – The value of staying invested through recessions and downturns
07:23 – The 2008 financial crisis: panic vs. patience
07:55 – The COVID-19 crash and V-shaped recovery
09:12 – Emotional decisions and the cost of panic selling
10:06 – Diversification and building a robust financial plan
10:32 – Market corrections: why they’re loud, and recoveries are quiet
11:21 – The importance of being prepared for the unexpected
12:31 – Recap: behavioral finance, history, and staying the course
13:03 – Final thoughts, how to contact Crestmont Private Wealth, and closing remarks
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Original Air Date: August 16, 2025 at 8:30am as heard on Boerne Radio 103.9FM
Contact: www.crestmontpw.com
Alec Walker in Houston: 831-280-5288
Sam McGee in Boerne: 830-368-2898
See omnystudio.com/listener for privacy information.
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