Episode 44: Is everything broken?

Everyday Wealth

Jean Chatzky

Investing, Business, Education

2 • 935 Ratings

🗓️ 29 October 2022

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Record inflation, aggressive rate hikes and a gloomy financial forecast for 2023 – not much seems to be going right in today’s economic climate. So what effect do these financial headwinds have on our own “personal economies”? This week on Edelman Financial Engines’ Everyday Wealth™, Soledad, Jean and wealth planner Isabel Barrow will be talking about why you should consider sticking with a diversified portfolio through unsettling times. Later in the episode, with midterms around the corner and the markets weighing heavily on our minds, investors may be wondering if they should be adjusting their portfolios to prepare for election results. The hosts discuss the historical impacts of the elections on the markets and what to do and not do to help protect your wealth.

This show is pre-recorded, and any callers are prescreened.

Ms. Chatzky and Ms. O’Brien receive cash compensation for acting as hosts of the Everyday Wealth radio show and podcast and for related activities and therefore have an incentive to endorse Edelman Financial Engines and its planners. That compensation is a fixed sum paid on an annual basis; and reimbursement for certain expenses. The amount paid each year does not vary, is not based on show content or any results-dependent factors (e.g., popularity of the show).

An index is a portfolio of specific securities (such as the S&P 500, Dow Jones Industrial Average and Nasdaq composite), the performance of which is often used as a benchmark in judging the relative performance of certain asset classes. Indexes are unmanaged portfolios and investors cannot invest directly in an index. Past performance does not guarantee future results.

This is a hypothetical illustration and is not representative of the past or future results of any specific investment vehicle.

Neither Financial Engines Advisors L.L.C. nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to seek advice from qualified tax and/or legal experts regarding the best options for your particular circumstances.

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	The views expressed on this program are not necessarily the views of the station.
0:06.7	Content is for educational purposes only.
0:08.2	Consult a financial advisor or conduct your own due diligence of investing.
0:10.6	The show was pre-recorded earlier this week.
0:12.0	The everyday wealth radio show and podcast are produced and created by Edelman
0:14.1	by Edelman financial engines and hosted by Gene Chatsky and Soledad O'Brien.
0:16.8	Ms Chatsky and Ms. Chatsky and Ms. O'Brien are not employees or
0:18.4	clients of the firm. They received fixed cash compensation for
0:20.7	acting as hosts and related activities and therefore have an incentive
0:22.9	to endorse settlement financial engines and its planners.
0:24.8	For additional information please see everyday wealth.com.
0:26.8	The 2022 top 100 independent advisory firm ranking issued by Barons is qualitative and quantitative
0:30.9	including assets managed revenue generated regulatory, regulatory records, staffing levels and
0:34.2	diversity, technology spending and succession planning.
0:36.1	Firms elect to participate but do not pay to be included in the ranking.
0:38.2	Compensation is paid for use in distribution of rating.
0:40.0	Award in September 22 based on data within a 12-month period.
0:42.4	Investor experience and returns are not considered.
0:45.1	At the intersection of life and money, this is Edelman Financial
0:50.0	Engine's everyday wealth, with award-winning journalist Soledad O'Brien, personal finance expert
0:55.6	Jean Chatsky, and Edelman Financial Engines' wealth planner Isabel Barrow.
1:00.8	Edelman Financial Engines has been ranked by Bars as the number one investment advisor in the country.
	...

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