Apr 03 2025 34 mins
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Friday, April 18th, 2025 at 6:30 pm - Reservations Available
Fixed Cost Real Estate - The No Commission Listing Agent Process
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Meet the founder of Fixed Cost Investing™ and Fixed Cost Real Estate Agent Compensation. Paul Truesdell pioneered procedural estate document preparation, investing, and real estate agent compensation. Why pay more because you have more, or receive less because you have less? Combining Old School with NEw School
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Friday, May 16th, 2025 at 6:30 pm - Reservations Available
Essential Florida Estate Documents
Casual Cocktail Conversation at the Stonewater Club
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The Living Trust, Irrevocable, Charitable, Pet, and Special Needs Trusts, Basic and Pour-Over Will, Durable Power of Attorney, Health Care Power, The Truesdell Living Will, The DNR, Probate, Trust Administration, Asset Protection, Medicaid Avoidance, Pre-Need Guardian, and more. Over 50,000 have attended since 1986.
Tunnel to Towers Benefit Concert
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Podcast Personality
Paul Grant Truesdell | Founder & CEO
J.D., AIF, CLU, ChFC, RFC
The Truesdell Companies
The Truesdell Professional Building
200 NW 52nd Avenue
Ocala, Florida 34482
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Rough Notes
Here is a list of the 50 largest one-day percentage drops in the Dow Jones Industrial Average (DJIA) from 1926 to April 3, 2025:
1. October 19, 1987: -22.61%
2. March 16, 2020: -12.93%
3. October 28, 1929: -12.82%
4. October 29, 1929: -11.73%
5. March 12, 2020: -9.99%
6. November 6, 1929: -9.92%
7. December 18, 1899: -8.72%
8. August 12, 1932: -8.40%
9. March 14, 1907: -8.29%
10. October 26, 1987: -8.04%
11. October 15, 2008: -7.87%
12. July 21, 1933: -7.84%
13. March 9, 2020: -7.79%
14. October 18, 1937: -7.75%
15. December 1, 2008: -7.70%
16. October 9, 2008: -7.33%
17. February 1, 1917: -7.24%
18. October 27, 1997: -7.18%
19. October 5, 1932: -7.15%
20. September 17, 2001: -7.13%
21. June 11, 2020: -6.90%
22. August 31, 1998: -6.37%
23. September 24, 1931: -6.35%
24. March 18, 2020: -6.30%
25. September 29, 2008: -6.98%
26. October 22, 2008: -5.69%
27. April 3, 2025: -5.60%
28. November 20, 2008: -5.56%
29. October 27, 2008: -5.41%
30. September 17, 2008: -4.96%
31. October 9, 2007: -4.91%
32. August 10, 2011: -4.62%
33. February 5, 2018: -4.60%
34. August 8, 2011: -4.31%
35. April 14, 2000: -4.16%
36. October 13, 1989: -4.02%
37. April 3, 2025: -3.98%
38. June 24, 2016: -3.94%
39. September 13, 2022: -3.94%
40. October 19, 1989: -3.83%
41. August 4, 2011: -3.68%
42. December 11, 2008: -3.68%
43. March 22, 2001: -3.58%
44. February 27, 2007: -3.29%
45. August 14, 2019: -3.05%
46. May 17, 2017: -1.78%
47. April 15, 2013: -1.79%
48. June 6, 2012: -1.84%
49. November 9, 2016: -1.85%
50. August 24, 2015: -1.86%
Note: The percentage changes are based on the closing values of the DJIA on the respective dates. The data above is compiled from historical records of the Dow Jones Industrial Average.
0:00
Good morning, good afternoon or good evening. I'm going to drink a little bit out of my dad cup, because we're going to call this episode, dad. I don't care if you're 100 or 10 and everything in between. I'm talking especially to those of you who are well, they haven't seen the markets jump around, or you've forgotten about the markets jumping around. Those of you who are in your 30s, 40s and 50s, especially who behave like AOC, you know that Congresswoman that says things like we've never seen this before. Or if you're a writer for The Wall Street Journal who did a pretty dirty deed, described this as one of the worst routes in the stock market history, hogwash. I want to give you some context. My mother and father were born in 1915 My grandfather was born in the 1860s I was born in the 1950s now the 13th a 16th Amendment came out in 1913 just before we had World War One. And my father went through all that, and my mother, my mother and father experienced a big Spanish flu. Can you say Spanish? Yeah, you can. I was born in 1958 the year of the second wholesale rewrite of the tax code. I started in this business as an investment advisor and wealth advisor and manager. Well, October 1, 1986 that was the day of the Tax Reform Act that went into effect, courtesy of Tip O'Neill and Ronald Reagan, when Republicans and Democrats could get along. You know, right after I started, we had a big thing happen on October 19, 1987 something called, well, Black Monday. Now I'm going to talk to you a little bit about what happened today, but first, I want to give you some context, and I want to give you a lot of advice here. And before I do that, I'm gonna drop a little disclaimer in here. And here it is, you
2:07
are listening to the Paul Truesdell podcast sponsored by Truesdell wealth and the other Truesdell companies. Note, due to our extensive holdings and our clients always assume that we have a position in all companies discussed and that a conflict of interest exists, the information presented is provided for entertainment and informational purposes only. Truesdell wealth is a registered investment advisor.
2:37
Okay, let's get started. The biggest one day drop in the stock market was October 19, 1987 in one day, the stock market dropped 22.61% now we're going to talk about percentages. We're not going to talk about dollar amounts. We're not going to talk about points. We're going to talk about percentages, because that's where the rubber meets the road. Now we've never seen something like what happened today? Well, I don't know about that, on March 16 in the year 2021, day drop 12.93% I want you to think about how much the market has grown, and various other instruments have grown, stocks, bonds, real estate, etc, in the last, oh, four to five years. But I also want you to know that when the stock market dropped in 1987 October 19, at the end of the year, stock market was actually positive. You see all of the Chicken Littles out there, the lemmings that follow the Pied Pipers in the mainstream. I call it lame stream media. They don't want you to know that. Remember, if it bleeds, it leads, beer cells next, october 28 1929 market dropped 12.82% october 29 1929 it dropped 11.73% those are two bad days being a market. Oh, Paul, that was so long ago. What about March 12? 20, 29.99% Oh. And then a few days later, like I told you, March 16, 12.93% and I remember back then, every single person was saying, the world's going to end. Oh, my God, didn't end. Did it?...