AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Ask Paula: My Income Is Dropping From $190,000 to $40,000; What Should I Do?
Afford Anything
The Market Isn't Wiggling, It's the Market
3min Snip
00:00
Summary
Transcript
Episode notes
The problem isn't markets wiggling. It's that you will abandon your plan. That's the threat. The threat is not the market, thet as you exactly. And there are many people who right now are thinking, were in a period of high inflation. There are economic indicators that may point to an upcoming recession. People generally have one of two responses to that, either enthusiasm around buying the dip, or fear around being the bag holder. Both of those are examples of market timing. Those who market time perform worse than those who do not touch their portfolio in response to external macro economic stimuli. So michel, to summarize everything we just said, prioritise saving for retirement
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode