Ep 352: Everything You Need to Know About the 2023 Economy
HerMoney with Jean Chatzky
Jean Chatzky Her Money
4.7 • 1.5K Ratings
🗓️ 4 January 2023
⏱️ 47 minutes
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| 0:00.0 | You're listening to an AirWave Media Podcast. |
| 0:04.0 | One of the things about financial markets that's always been the most difficult is the |
| 0:11.7 | old adage by low and sell high is really never followed, because human behavior is, you |
| 0:18.2 | know, we love the comfort of a crowd, but as we come off of it, nobody wants to catch |
| 0:23.2 | a falling knife. |
| 0:24.2 | Nobody wants to invest in a depreciating asset, even if that might be, you know, the |
| 0:28.0 | right time to put your money in, because nobody wants to call the bottom. |
| 0:32.4 | You probably have a solid plan for retirement, but maybe you're wondering, did I miss |
| 0:37.2 | something? |
| 0:38.2 | Is there something more that I can do right now to secure my financial future? |
| 0:42.1 | It is time to find out. |
| 0:44.5 | Visit planefe.com slash her money to schedule a free appointment with an advisor today. |
| 0:50.1 | Hey everyone, I'm Gene Chatsky. |
| 0:52.2 | Thank you so much for joining me today for our very first-for-money episode of 2023. |
| 0:58.5 | We're so happy to have you with us for another year, especially coming out of 2022 when |
| 1:04.7 | I got to say so many of us had some big money questions because it was a very bumpy ride. |
| 1:12.6 | On average last year, we saw stocks down by about 22% bonds down by 15%. |
| 1:19.7 | It was actually the worst year for bonds since 1926. |
| 1:23.9 | Crypto took the biggest beating with a decline of around 50%, but wait, there's more. |
| 1:30.2 | Inflation was also a killer with prices for everything up by as much as 9.1%, that was |
| 1:37.8 | a 40-year high. |
| 1:39.7 | In an effort to tamp down runaway prices, the Federal Reserve raised interest rates seven |
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