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Afford Anything

Money and Investing Have Changed, with Chuck Jaffee

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.63.4K Ratings

🗓️ 28 July 2022

⏱️ 62 minutes

🧾️ Download transcript

Summary

#393: Chuck Jaffee is a forty year veteran financial journalist who regularly writes for the Wall Street Journal and is also a nationally syndicated financial columnist. He discusses how money and investors' attitude towards investing has changed over the last few decades. 00:44: Introducing Chuck Jaffe 03:05: How people interacted with the market in the 1980’s 06:50: Dealer and liquidity risk when investing in the market 09:23: How the environment 40 years ago impacted investor psychology 12:53: Long term impact of Black Friday, the worst market crash experienced by any living investor 16:10: Discussion of fund options that are more illiquid and can sell at discounts 18:04: The combined influence of access real time data and the ability act in real time 28:31: Moving away from employee supported retirement plans 29:00: The difference between financial education and financial literacy 31:26: Chuck’s take on the 4% rule 50:16: Portfolio and personal optimization For more information, visit the show notes at https://affordanything.com/episode393 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

You can afford anything but not everything.

0:10.4

Every choice that you make is a trade-off against something else and that doesn't just

0:13.4

apply to your money.

0:14.4

That applies to your time, your focus, your energy, your attention, any limited resource

0:18.7

that you need to manage.

0:20.3

Saying yes to something implicitly carries opportunity costs and that opens up two questions.

0:25.7

First, what do you value and second, how do you align your decisions around your values?

0:32.5

Answering those two questions is a lifetime practice and that's what this podcast is

0:35.8

here to explore and facilitate.

0:38.3

My name is Paula Pant, I am the host of the Affordable Care Podcast and today the nationally

0:43.4

syndicated financial columnist and veteran financial journalist Chuck Jaffee joins us

0:49.2

to talk about how the world of money has changed over the last 40 years.

0:55.6

Chuck Jaffee has been a financial journalist since 1984.

1:00.0

He spent six years starting in 1988 as the business editor of a newspaper in Allentown,

1:05.2

Pennsylvania and then for the next nine years he became the personal finance and mutual

1:10.0

funds columnist for the Boston Globe.

1:13.5

While working at the Boston Globe, he became a nationally syndicated financial columnist

1:18.9

and for 27 years starting in 1995, he has been a nationally syndicated columnist whose

1:27.0

articles about personal finance and mutual funds have run in newspapers across the country.

1:33.5

This happened concurrently while he was writing finance columns for the Boston Globe,

1:38.4

as well as later starting in 2003 when he became the senior columnist at MarketWatch, a position

1:45.8

that he held for the next 14 years, until 2017.

...

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