The Coronavirus threat has turned the environs of the otherwise hustling New York, and several cities, into a scene of a society in quarantine. Financial markets are enormously shaken and people are undeniably in a state of panic. Now, how ready are you for the worst-case scenario?In today’s episode, Bob and I will tell you why you need to have a crisis investment game plan to always stay prepared in these volatile times. There are massive takeaways from this crisis that we want to share as well as relevant questions we love to clarify for you.For our spotlight segment, we have our Certified Financial Planner™ Courtney Dominguez. Find out what was her advice to a couple nearing retirement who wants everything in place before another market correction.We’ve got another great show ahead, so make sure to tune in to the No Payne, No Gain podcast now! Financial Propaganda of the WeekThe financial news has never been this interesting to date. As headlines do what it does best to keep your eyes attached, be careful about the fake and the ill-advised ones. Here are our top picks:[03:32] – White House has signed a historic $2 trillion stimulus bill.[05:03] – China’s supply chains are starting to come back online.[06:12] – Always a discounting mechanism, the market is going to continue to bounce back even as the news is getting worse.[06:52] – Bob emphasized that most returns come during bear markets.[07:32] – What Baby Boomers and Millennials should focus on in these crazy times. Coronavirus Investment Game PlanIf you're unsure of what to do and who to speak with before you make a really costly decision, especially right now with the markets in turmoil. Well, we can put together a game plan for you. If you have over $500,000 saved for retirement, Bob and I will put together for you our financial planning game plan, simply go to https://paynecm.com/gameplan/.[13:02] – A diversified portfolio is a three-legged stool, stocks, high-quality bonds, and alternative investments, that protects you in this kind of crisis. [13:22] – Alternative investments are the ones that may work when the major ones don’t.[13:29] – How to know how much money to have in your different investments.[14:42] – Why running your wealth projection and having a financial advisor oversee your plan every year is ideal for your retirement plan.[16:20] – The beauty of tax swaps and why it is a huge opportunity right now.[17:07] – Now is the perfect time to look at Roth conversions. Biggest Takeaways from the Current CrisisWe have never witnessed a market decline this quickly until now. The fastest 30% decline that ever happened since the Great Depression. Here are some of the lessons to keep in mind:[22:02] – Always have enough emergency funds. [22:41] – Have a high-quality portfolio bond, not a bond fund.[25:27] – Too much news is not a good thing. No one in history can predict the future and know the unknowable.[27:20] – Measure your financial losses against your financial goals. The MailbagThe current state of any economy is certainly magnified. In return, a lot of questions about taking risks on investments soar. We’ll be happy to answer them for you, simply send us an email at questions@bebullish.com.[33:31] - Question #1: “I've kept a large portion of my available cash in bond funds and I've gotten kicked in the teeth over the past few weeks. How do you think about the construction of stop-loss triggers to remove the emotional rollercoaster, and how does one get better at risk tolerance and mitigation?”[36:24] - Question #2: “I heard on Bloomberg that many analysts believe that we may not hit bottom until April or May. I'm interested in hearing your thoughts on that.” Spotlight SegmentNotwithstanding the quarantine, our Certified Financial Planner™ Courtney Dominguez remains unshaken as she gives us a rundown of how she was able to guide a couple nearing retirement on their path to financial freedom.[43:14] – A couple in their early '60s aren’t looking to retire yet,