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Since the future is essentially unknowable, this weekβs podcast guest focuses on what is knowable and controllable, mainly our own reactions. He is veteran personal finance journalist Jonathan Clements, a former colleague of mine at The Wall Street Journal who was its personal finance columnist for nearly 20 years. The author of several books including From Here to Financial Happiness and How to Think About Money, Clements is the Founder and Editor of HumbleDollar, a free weekly newsletter devoted to telling you βeverything you need to know about money.β
Veteran personal finance journalist Jonathan Clements explains why the most successful approach to dealing with turbulent markets is to stay invested.
WEALTHTRACK #1836 published on March 04, 2022
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Buying nasdaq left and right. 30 year time horizon. #QQQ #TQQQ thanks Consuelo.
Is there a way to pay one time fee for investment advice then leave money alone in order to not pay a monthly management fee?
Yeah, go to a fee based financial planner
Yes, a fee only financial planner.
Faith manages. ππππππ
Thanks for the feedback
Send me a direct msg, I have something to
share with you πβοΈβ€οΈβ€οΈβ€οΈβ€οΈβ€οΈ
I can’t imagine a more plain vanilla bunch of nonsense. Dry powder let me get into gdx when gold was 1780. It was a good move. I have a vanguard s and p fund in an old Roth (20 years) that just basically broke even a couple a few years ago. Passive is fine.. when there is a fed put. That put has been taken for granted since the GFC. The fed has run out of tricks. Actively rebalance. It’s going to be a bumpy ride.
“Plain vanilla bunch of nonsense” is a prefect summary for this video.
Exactly
Always enjoy your guests and perspective
This guy invests in index funds and he is tell us about the market? What a joke.
Your videos are by far the best of all the garbage out there. Few views equals scarcity of common sense.
I agree. In addition, I’d recommend 2 other excellent quality series that can be seen on YouTube: “Rational Reminder Podcast” or “Common Sense Investing.” These are produced in Canada but deliver excellent and sound advice, taking an evidence-based approach to investing. Really unbiased, chock-full of information, and enjoyable too!
That is right π
Get well soon Consuelo.
how about luk oil as an international investment?
Fantastic interview–even if it was just audio! Solid, down-to-earth, timeless advice by Mr. Clements.
That was great question that why not convert everything to Roth. And he is absolutely wrong. No tax is better than any tax, pay tax now rather than hope for better tax later
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I thought Consuela sounded a bit sick. Glad to hear itβs just a cold. I hope she feels better soon!
There are no guarantees. And a British accent does not mean he is particularly brilliant. Russian aggression does effect corporations’ bottom line. Also, climate change effects corporate profits. Stocks roared back in 2020 because of the $4 trillion flood of stimulus.
Why would I buy stocks at close to all time highs right now? It feels like locking in losses over the next 5 to 10 years.
Why? Looking at the US market many stocks seem to be overvalued
Try a foreign market…some stocks look fair value
He is just talking about a common strategy, because timing the market is not easy. I predicted covid crash, but I didn’t get the covid hype, you know.
Youβre right, wait 10 years, then buy stocks!
There’s no reliable way to beat buy and hold. Some market timers might get lucky but on average and over time, buy and hold beats everything else. Stocks for the long term.
Sure, this is the propaganda of the billionaires. Stay in cash until you see an obvious turnaround.
I heard it said cash is trash…you just do not know where the turnaround will come
Get well, Consuelo.
Yeah, this is my approach. The “price” will be whatever the price will be. Maybe a Big Mac costs $5, or $7 or even $10. It doesn’t matter too much in the long run. Just stay invested in profitable companies which are either A) Aggressively expanding B) Recognized market leader with dividends payout. Just stay invested in good companies and everything else will work itself out. And if it doesn’t.. well, then we probably have bigger problems to worry about.
Very low real interest rates produce an environment of very expensive asset prices. The prospective real returns that investors can realistically expect are low no matter what they invest in.