A Recession is Coming (EP.253)
Animal Spirits Podcast
The Compound
4.7 • 2.1K Ratings
🗓️ 20 April 2022
⏱️ 51 minutes
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Summary
Transcript
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| 0:00.0 | Today's annual spirits is brought to you by NASDAQ. |
| 0:02.9 | NASDAQ sent us a report called the shifting profile |
| 0:05.6 | of retail investors that they just put out. |
| 0:07.3 | Wanted to just pull out a few things in here. |
| 0:09.1 | They give a profile of all the different generations, |
| 0:11.2 | Gen Z, Gen Y, Gen X and boomers. |
| 0:13.8 | This one stood off me. |
| 0:14.6 | Gen X is kind of the demographic |
| 0:16.8 | that no one really pays attention to, |
| 0:18.3 | but it says they're financial outlook. |
| 0:19.8 | Gen X is still working and earning good incomes, |
| 0:21.8 | but we'll start thinking about retiring in the next 10 years. |
| 0:23.8 | Holy crap. |
| 0:25.4 | People from reality bites are gonna be retiring in 10 years. |
| 0:27.6 | They'll need to start drawing income from their assets. |
| 0:30.0 | Easier said than done. |
| 0:30.8 | Here's another one. |
| 0:32.0 | They asked how often do you check your investment portfolio? |
| 0:34.4 | And the two options are, check several times a day, |
| 0:36.8 | at least once a day or less frequently. |
| 0:41.0 | Gen Z, several times a day, 48%, once a day, 24%. |
| 0:46.1 | Gen X, 16% several times a day, 19% once a day, |
... |
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