So Money with Farnoosh Torabi 1896: Ask Farnoosh: Surviving the Financial Storm — Smart Moves for an Uncertain Economy
Oct 24, 2025
Maggie Johndrow, a wealth advisor from Johndrow Wealth Management, shares her expertise on navigating financial turbulence. She highlights common investor pitfalls like herd mentality and regret aversion. Maggie introduces her effective "three-bucket strategy" for managing investments, particularly for those nearing retirement. She emphasizes the importance of prioritizing emergency funds and health insurance amid financial uncertainty and explains how tariffs can drive up prices and impact the economy. Her insights remind listeners that steady, small investing is wiser than trying to time the market.
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Stick To Your Plan During Volatility
- Do revisit your investment plan and resist making emotional, headline-driven trades during volatility.
- Stick to a pre-defined strategy to avoid regret aversion, loss aversion, herd mentality, and recency bias.
Three-Bucket Strategy For Retirement
- Use a three-bucket strategy: short, intermediate, and long-term pockets for savings and investments.
- Fund short-term needs in cash, intermediate in bonds/dividends, and keep long-term money in growth assets.
Quantify Buckets By Real Expenses
- Calculate actual monthly spending and multiply to cover 1–2 years in cash for short-term buckets.
- For intermediate needs, hold about five years' worth in safer income-producing assets before using the rest for growth.
