05.01.23 Clarkonomics: The WHY Of Investing / Your Digital Account Access For Loved Ones

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 1 May 2023

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Many remain unsettled about the stock market rollercoaster we’ve been on lately. Clark illustrates basic investment principles with a simple calculation that should calm your fears and enhance your understanding of WHY you ride it out long term. And - where to NEVER EVER place your Roth IRA. Also today - you likely have many digital accounts. Know how to ensure your loved ones have access when the need arises. Investing For The Long Term Win: Segment 1 Ask Clark: Segment 2 Digital Account Access: Segment 3 Ask Clark: Segment 4 Mentioned on the show Here’s how much money you'd have if you invested $1,000 in the S&P 500 a decade ago Fidelity vs. Vanguard vs. Schwab: Which Brokerage Is Best? What Is an ETF? / How To Open a Roth IRA Target Date Funds: Clark's Favorite Retirement Investment Fidelity and State Street Push to Make 401(k)s More Like Pensions - The Wall Street Journal. 2 Ways To Guarantee Yourself a Lifetime Stream of Income 6 Things To Know Before Contacting the National Foundation for Credit Counseling Actually, Charging Your Phone in a Public USB Port Is Fine THE WSJ: Before You Die, Secure Your Digital Life Clark.com How To Make Your Online Accounts Accessible When You Die Facebook Settlement: How to Claim Part of a $725M Privacy Settlement Facebook Settlement Submission Claim Proton Mail — Get a private, secure, and encrypted email Clark.com resources Episode transcripts Community.Clark.com Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Crypto doesn't sleep, so neither do we.
0:04.0	Crack-and-client support is available 24-7, 365 days a year by call, chat, or email.
0:11.0	We're here for you whenever you need us.
0:13.0	Give us a shout at crackin.com forward slash support proof,
0:17.0	not investment advice. Crypto trading involves risk of loss.
0:22.0	Great to have you here on the Clark Howard Show, our mission is to serve you and empower you,
0:32.0	so you make better financial decisions in your life.
0:36.0	So, many people are really unsettled, and in surveys of individual investors,
0:45.0	people are really freaked out about the direction of the stock market money you have,
0:52.0	and 401Ks, Roth IRAs, traditional investment accounts.
0:57.0	I want to give you a stat to try to calm your fears.
1:02.0	Also, you got so many digital accounts with Apple or Google,
1:09.0	and in addition to so many other things that we have digital accounts,
1:14.0	email of various types and all that, what happens if we inconveniently pass away?
1:21.0	What happens to all those things?
1:23.0	What prep have you done to prepare for that day that it actually does show up?
1:31.0	And how do you see that your loved ones have access to your digital identity?
1:37.0	We're going to talk about that.
1:40.0	So, this is a session of Clark economics, because at times like this,
1:46.0	where there's a lot of nervousness out there, one of my brothers keeps calling me freaking out,
1:53.0	friend of mine keeps calling me freaking out.
1:55.0	In fact, I talked to him last night about the world's coming to an end financially,
	...

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