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Money and Investing Have Changed, with Chuck Jaffee
Afford Anything
Taking Action Is the Worst Thing You Can Do
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The by and hold approach, over the long term, can yield very powerful results. But with the tools we have to day, buy and hold is behaviorly an even bigger challenge. Chuck describes a story of someone who wanted to amass a portfolio of a million dollars so that he could pass it on to his heirs. That was what he wanted to do. He wanted to make sure that he left enough such that his heirs would be taken care of. And one million, in his case, simply happened to be the numerical bench mark.
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