Episode 46: What type of investor are you?

Everyday Wealth

Jean Chatzky

Investing, Business, Education

2 • 935 Ratings

🗓️ 12 November 2022

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

For most people, 2022 has been a perfect storm of high inflation, aggressive rate hikes, volatile markets, worries of recession… and just about everything else that makes investors run for the hills. This week on Edelman Financial Engines’ Everyday Wealth™, Soledad, Jean and wealth planner Andy Smith will put the markets into context, and – hopefully – provide a bit of perspective about what we’re experiencing right now in the economy. Later in the episode, the hosts discuss two types of investors – those who chase returns and those who work toward a clear set of goals, and why one typically leads to better outcomes. They’ll also explore what to do at different stages and phases of life 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 (common examples are the S&P, DJIA, NASDAQ), 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.

Neither Edelman Financial Engines 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 to endorse Edelman and its planners and its planners. compensation for qualitative and quantitative and quantitative including assets managed revenue generated regulatory records staffing levels and diversity
0:34.5	technology spending and succession planning firms elect to participate but do not pay to be included in the ranking
0:38.1	compensation is paid for use in distribution of rating awarded September 22 based on data within a 12-month period
0:42.3	investor experience and returns are not considered.
0:45.1	At the intersection of life and money, this is Edelman Financial Engine's
0:50.4	everyday wealth, with award-winning journalist Soledad O'Brien, personal finance
0:54.8	expert Jean Chatsky and Edelman Financial Engines wealth planner Andy Smith.
0:59.7	Edelman Financial Engines has been ranked by Bars as the number one investment advisor in the country.
1:05.0	Now here's Jean Chatsky, Soledad O'Brien, and Andy Smith.
1:10.0	Over the last few months we've been talking about how all investing comes with risk
1:16.0	and if you haven't picked that up by now I don't know what to tell you you really
1:20.0	I just don't get the upside without the downside at least some of the time.
1:24.7	But you know if you've been investing for less than 14 years and that's pretty possible,
1:30.4	you know, that 2022 is your first taste of how markets typically behave
	...

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