The worst market crash any investor alive has lived through was 19 87. Nobody who is alive to day was invest thing in 19 29, october nineteenth, 19 87. That's roughly forty years ago, not quite 30 some odd years ago. If you were about my age at that point, you're not quite to retirement age now. But there is no one alive who, because they were stuck in their mutual funds on black monday 19 87, who is now going,. i got to work two extra years cause i couldn't get my money out at ten o'clock in the morning.
#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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