In the pursuit of a specific f i number, people end up giving themselves a life style in which they are less happy than they otherwise would have been. The whole purpose of f i is ideally to increase your happiness and your contribution. In my world, i'm fire. I basically told the corporal, you guys, i don't need you. I can do what i want to do. And how will things play ot at the enno? Who knows. But the point is, the numbers aren't important to me. They'reo important in that i get to say, yep, i'm not going to be a burden to someone. That's the number that matters to
#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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