Summary: <br> Announcer (<a href="https://www.temi.com/editor/t/LRx8Sacoig8IiDgaeAoSYT5crhOF2_1468UAUovm8PoPpf2cUhBead6FEz_NcvknWFnE9vSEJeqEajFJ_DjlSYO1aC0?loadFrom=DocumentDeeplink&ts=0.63">00:00</a>):<br> <br> <br> <br> You’re tuned in to the Investing for Beginners podcast.<br> Finally, step by step premium investment guidance for beginners, led by Andrew<br> Sather and Dave Ahern. To decode industry jargon, silence crippling confusion<br> and help you overcome emotions by looking at the numbers. Your path to<br> financial freedom starts now.<br> <br> <br> <br> Dave (<a href="https://www.temi.com/editor/t/LRx8Sacoig8IiDgaeAoSYT5crhOF2_1468UAUovm8PoPpf2cUhBead6FEz_NcvknWFnE9vSEJeqEajFJ_DjlSYO1aC0?loadFrom=DocumentDeeplink&ts=36.33">00:36</a>):<br> <br> <br> <br> All right, folks, welcome to Investing for Beginners,<br> podcast 142 tonight. Andrew and I are going to answer some listener questions.<br> We got some fantastic ones recently, and we thought we would take a few moments<br> to answer those for you. So the first one is not a question, it’s an update.<br> Andrew and I have talked a little bit about Coronavirus. Wait, Andrew, and I<br> had some updates that he wanted to share with everybody. So I’m going to turn<br> it over to my friend Andrew, and he’s going to go ahead and take us away.<br> <br> <br> <br> Andrew (<a href="https://www.temi.com/editor/t/LRx8Sacoig8IiDgaeAoSYT5crhOF2_1468UAUovm8PoPpf2cUhBead6FEz_NcvknWFnE9vSEJeqEajFJ_DjlSYO1aC0?loadFrom=DocumentDeeplink&ts=66.41">01:06</a>):<br> <br> <br> <br> Okay? Sure. Yeah, I mean, I’m; obviously, it’s is<br> something that’s top of mind. We recorded at the time when the market was very<br> turbulent. And then the episode, we recorded it a week ago, the episode got<br> released today, which is March 5th. And you know, you’ll be listening to this a<br> week from now and the, you know, the carnage is not done yet. It kind of looked<br> like it would be for a couple of days.<br> <br> <br> <br> Andrew (<a href="https://www.temi.com/editor/t/LRx8Sacoig8IiDgaeAoSYT5crhOF2_1468UAUovm8PoPpf2cUhBead6FEz_NcvknWFnE9vSEJeqEajFJ_DjlSYO1aC0?loadFrom=DocumentDeeplink&ts=96.72">01:36</a>):<br> <br> <br> <br> Right. And then today was just downright awful. I don’t<br> know if you did you look at your portfolio today? Oh yeah. It’s red. It’s red.<br> Yeah. It’s like scary red. So I mean I felt like last week I was a bit somber<br> and attitude. I think this week I’m feeling a lot more optimistic about the<br> situation. But I don’t think wall street is quite there yet based on, you know,<br> I’m not any sort of coronavirus expert. I have little to no knowledge about<br> medical stuff. But from my understanding of things I’ve started to pick up, the<br> mortality rate of the virus was a lot worse. Like multiples worse in the Wu Han<br> area, which I believe is like the more rural part of China that possibly<br> doesn’t have as good of medical support system and, and things in place to help<br> people that do get sick.<br> <br> <br> <br> Andrew (<a href="https://www.temi.com/editor/t/LRx8Sacoig8IiDgaeAoSYT5crhOF2_1468UAUovm8PoPpf2cUhBead6FEz_NcvknWFnE9vSEJeqEajFJ_DjlSYO1aC0?loadFrom=DocumentDeeplink&ts=162.471">02:42</a>):<br> <br> <br> <br> So when you compare that with how it was in the rest of<br> China with the cities in China and things of that nature, from what I<br> understand that it was a lot worse than [inaudible]. So that’s kind of hopeful<br> for the rest of the world. But I think when you talk about the spread of it, I<br> think it seems like we’re still in the early innings, which I believe will have<br> economic consequences, but will it be as dire as people are fearing? And as<br> wall street is fearing,
