We have all these rules and things that we're supposed to ollow. What matters is you being able to reach your goals. That is unchanged. You do not want to let today's technology right. Think about what you see on commercials and how they impact you. The gico geko is paying his insurance bill. Or no, the pig? They're paying the insurance bill from the aeroplane. If you routinely need to pay your bills at the last second while you're escaping on vacation because you've forgotten to do it at ordinary time when you could get it all done,. You have a financial issue that has nothing to do with your insurance. It has to do
#393: Chuck Jaffee is a forty year veteran financial journalist who regularly writes for the Wall Street Journal and is also a nationally syndicated financial columnist. He discusses how money and investors' attitude towards investing has changed over the last few decades.
00:44: Introducing Chuck Jaffe
03:05: How people interacted with the market in the 1980’s
06:50: Dealer and liquidity risk when investing in the market
09:23: How the environment 40 years ago impacted investor psychology
12:53: Long term impact of Black Friday, the worst market crash experienced by any living investor
16:10: Discussion of fund options that are more illiquid and can sell at discounts
18:04: The combined influence of access real time data and the ability act in real time
28:31: Moving away from employee supported retirement plans
29:00: The difference between financial education and financial literacy
31:26: Chuck’s take on the 4% rule
50:16: Portfolio and personal optimization
For more information, visit the show notes at https://affordanything.com/episode393
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