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Stock Market Crashing! Hello Bear Market

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The stock market is crashing! As a result, it is time to say “Hello” to a bear market. The S&P 500 closed down on Monday June 13, 2022. This down turn puts the S&P 500 down more than 20% year to date which puts it in a bear market. The S&P 500 joins the NASDAQ in bear market market territory as the NASDAQ is down over 30% for the year. What do we do now? Is time to panic and sell everything? Below, I will discuss my thoughts on this bear market and what my financial plan is to deal with the current market conditions.

Market Headwinds

The stock market has been facing headwinds all year. Some of these headwinds include rising inflation, supply chain issues, the Fed raising interest rates and geopolitical unrest. Because of the headwinds, it seemed inevitable over past few months that we would enter into a bear market. The NASDAQ has been in a bear market for awhile and the S&P 500 has joined the NASDAQ in the bear market.

My Plan

Since the stock market has fallen into a bear market, is it time to panic and sell everything? My answer to this question is no. I continue to follow my financial plan and continue to dollar cost average into the stock market. In fact, I have been added more than usual to my Roth IRA as the stock market goes down. The additional amount has only been $100 or so here and there when I have a little extra cash because I am still maintaining a balance between building back up my emergency fund and investing.

Looking Forward

A bear market is something I have been looking forward to experiencing. This may sound strange to some, but I view this as a learning opportunity. My end goal is to create enough income from my investments in order to retire. The income from my investments will be mainly from dividends and options trading. By being in a bear market, it will allow me to see how my investment plan holds up in a down market.

So far, the dividends continue to come in and grow. Also, I have learned that trading options in a down market can be difficult. Lately, it has been difficult for me to generate good premium from my options trades. This is due in a large part to being mainly on the call side of my options trades and not having enough cash in the account to sell puts. Like I said above, this is a good learning experience for me.


So, while many are panicking and selling out of the market, I am saying “Hello” to this bear market. I look forward to seeing how my strategy holds up and make adjustments to my strategy if necessary. Because my focus is on the long term, the short term drops in account value don’t bother me much. Besides, when the market goes down there are a lot of quality companies on sale. While I am still in the accumulation phase of my investing journey, this could be a great opportunity to build wealth for my future. That’s it for now. Thanks for following along!

*Disclaimer – I am not a financial professional. The information shared here should not be considered financial advice. I am just a factory worker sharing my experience as I strive to achieve financial freedom. Before investing or making any financial decision do your own research and due diligence or consider seeking the advice of a financial and/or tax professional.

Below is a list of a few businesses I use. Check out some these offers.

Free Bitcoin!

Lolli offers a variety of stores that it is affiliated with and offers rewards for shopping at these stores. I use Lolli when I shop on Chewy and I get bitcoin as a reward. Who doesn’t want free bitcoin! If you are interested in Lolli and want to help support the blog here is my referral link:

Investing Made Easy

I use M1 Finance for my taxable growth account. M1 Finance offers promotions for signing up. At the time of writing this post, the promotion is for $10 but will vary from time to time and could be up to $50. If you are interested in M1 Finance and want to support the blog here is my referral link:

Up to 5% Savings Rate!

I use Varo Bank for part of my emergency fund. From time to time the bank will run promotions. Currently, you can earn up to 5% on your savings with Varo, if you meet certain requirements. If you are interested in checking it out, here is my referral link:

If you use the referral links listed above I could receive compensation. Please take the time to read the terms and conditions before signing up.

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