: Gloom casts a pall over the stock market. Financial experts say these are the ways you can stay invested.

by | Sep 19, 2022 | Stock Market

In the new Netflix documentary “Get Smart With Money,” financial counselor Shareef “Ross Mac” McDonald tries to persuade a struggling NFL player, Teez Tabor, to invest in the stock market. “The easiest way to be a player in the game is to put your money in the S&P 500
because on average, that’s going to grow at 10% each year,” he says. 

The show, of course, was filmed before the latest market downturn, which has the S&P 500 down nearly 20% this year and the VIX volatility index
on the rise. As we enter another difficult week for stocks, McDonald has been posting on his Instagram channel, @imrossmac, about signs that suggest we might be headed into a global recession. Tabor, meanwhile, was just picked up by the Seattle Seahawks. So he can probably weather the downturn by working through it, the way most financial advisers would advise clients who are fretting that markets aren’t bouncing back the way they did at the start of the Covid-19 pandemic.  The Federal Reserve’s policy-making committee this week is expected to raise official interest rates by at least 75 basis points for the third straight meeting, the most hawkish stance in over 40 years. Higher rates to root out embedded inflation has shocked the stock and bond markets this year. The economy has shrunk for two quarters in a row. “People have that recovery anchored into their heads, but this time it might not be a V-shaped recovery. It might be U-shaped instead,” says Caleb Pe …

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