5 • 706 Ratings
🗓️ 13 July 2021
⏱️ 23 minutes
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0:00.0 | Discover the tips and strategies that will help you achieve your retirement goals. |
0:09.3 | I'm your host, James Canole, and this is the podcast dedicated to helping you retire well. |
0:14.6 | It all starts right here on Ready for Retirement. for retirement. |
0:29.6 | Hi, everyone, and welcome back to another episode of Ready for Retirement. |
0:30.9 | I'm your host, James Cannell. |
0:35.1 | And it is no secret that investing can be hard. |
0:37.4 | Investing can be very difficult. And why that is, isn't for the reasons |
0:40.8 | most people would expect. What we're going to do today is we're going to talk about how can we |
0:45.2 | distill through all the noise, all the craziness, all of the headlines that we see around investing |
0:49.7 | and distill it down to some core fundamental truths that we can all apply to our lives, |
0:55.5 | apply to our portfolios, apply to our plans to become better investors and to create better |
1:01.3 | lives for ourselves. Now, before we do so, I'm going to start by reading back to you, |
1:06.9 | or just reading to you, some headlines that I've seen over the past few years. I'd like to |
1:10.9 | clip some of these just to look back and remind myself at the absurdity of the financial media |
1:16.4 | and how absolutely terrible they are at their jobs. So what do I mean by that? Here are some |
1:23.2 | headlines that have been published over the last few years. And this is a tiny sample size of |
1:29.3 | hundreds and thousands and tens of thousands of headlines that we've seen over the years. |
1:34.3 | The first one though, this headline says the Dow drops nearly 3,000 points as coronavirus |
1:39.3 | collapse continues, worst day since 87. A year before that. The Dow plunges 760 points and worst day of |
1:46.9 | 2019 as the trade war intensifies. A few days, few years before that. A 5% pullback could happen |
1:53.5 | within weeks. Here's how David Bianco of Deutsche Asset Management says you should protect yourself |
1:58.5 | in August of 2017. Well, I'm reading this because this is |
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