Episode 47: How bad is it REALLY out there?

Everyday Wealth

Jean Chatzky

Investing, Business, Education

2 • 935 Ratings

🗓️ 19 November 2022

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

There’s a lot of hype in the news about 2023 and the economic turmoil we may be facing. However, another way to think about it is that we actually may be on the path to normalization. This week on Edelman Financial Engines’ Everyday Wealth™, Jean, Soledad, and wealth planner John McCafferty will discuss the economic forces that are impacting all of us right now, and shed some light on why it may not be as ominous as we think. Later in the episode, Christopher Jones, chief investment officer for Edelman Financial Engines, joins the hosts to discuss how EFE factors in market swings when constructing its portfolios – which can help clients through these periods of uncertainty.

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).

Dollar Cost Averaging does not assure a profit or protect against a loss in a declining market. For the strategy to be effective, you must continue to purchase shares in both up and down markets. As such, an investor needs to consider his/her financial ability to continuously invest through periods of low price levels.

Investing strategies, such as asset allocation, diversification, or rebalancing do not assure or guarantee better performance and cannot eliminate the risk of investment losses. There are no guarantees that a portfolio employing these or any other strategy will outperform a portfolio that does not engage in such strategies. Funds and ETFs are subject to risk, including loss of principal. All investments have inherent risks. There can be no assurance that the investment strategy proposed will obtain its goal. Past performance does not guarantee future results.

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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.
0:46.4	At the intersection of life and money, this is Edelman Financial Engine's everyday wealth
0:51.9	with award-winning journalist Soledad O'Brien,
0:54.6	personal finance expert Jean Chatsky, and Edelman Financial Engines' wealth planner,
0:59.0	John McCafferty.
1:00.6	Edelman Financial Engines has been ranked by Behrens as the number one investment advisor in the country.
1:06.0	Now here's Jean Chatsky, Soledad O'Brien, and John McCaffordy.
1:11.0	Last week people went to the polls and on their minds was inflation and gas prices, the
1:16.9	possibility of a recession and a number of social issues. The day after the
1:22.0	results were clear as mud. But since then the races have been
1:25.8	decided many times quite narrowly and control of Congress at least at the time that
	...

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