In a world of data overload, where it's hard to know who to trust, you're looking for any port in a storm. There's no one right way, lot of good ways to do this stuff and why you trust them is flexible and fungible. But if you find the wrong person or adviser, that can be a problem. So even when you have problems and turn out more things wrong, not much you can't do all on your own.
#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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