2 • 935 Ratings
🗓️ 28 January 2023
⏱️ 40 minutes
🧾️ Download transcript
As markets continue their bumpy ride, some investors are looking to make back losses during the potential upswings – possibly taking on some excessive risk. In this episode of Everyday Wealth™, Jean Chatzky is joined by wealth planner Andy Smith to discuss the differences between speculation and investing, and how a wealth planner can help mitigate your risks. They also discuss whether it’s better to lease or buy a car in the current economy, and later in the episode, Dr. Wei Hu, vice president of financial research at Edelman Financial Engines, joins Jean and Andy for Investing Sense, where they talk about mental reference points that impact investing.
Originally posted 08-20-22
This show is pre-recorded, and any callers are prescreened.
Ms. Chatzky receives cash compensation for acting as host of the Everyday Wealth radio show and podcast and for related activities and therefore has 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).
Investing strategies, such as asset allocation, diversification or rebalancing, do not ensure or guarantee better performance and cannot eliminate the risk of investment losses. All investments have inherent risks, including loss of principal. There are no guarantees that a portfolio employing these or any other strategy will outperform a portfolio that does not engage in such strategies. Past performance does not guarantee future results.
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.
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.
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0:00.0 | The views expressed on this program are not necessarily the views of this station. |
0:03.5 | Content is for educational purposes only. |
0:05.0 | Consult a financial advisor or conduct your own due diligence if investing. |
0:07.5 | The show is pre-recorded. |
0:08.5 | Everyday Wealth is produced and created by Edelman Financial Engines and hosted by Jean Chatsky. |
0:11.7 | Ms. Chatsky is not an employee or client of the firm. |
0:13.7 | She receives fixed cash compensation as host and for related activities and therefore has an |
0:17.2 | incentive to endorse Edelman Financial Engines and its planners. |
0:19.4 | For additional information, please see W.W. |
0:21.2 | Edelman Financial Engines.com. |
0:22.4 | The 2022 Top 100 Independent Endowment. Please see Edelman Financial Engines. Com slash Everyday Wealth. |
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0:25.0 | advisory firm ranking issued by Behrens |
0:26.0 | is qualitative and quantitative, |
0:27.0 | including assets managed by the firm, |
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0:35.4 | Awarded September 2022 based on data within a 12 month period. |
0:38.0 | Investor experience and returns are not considered. |
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