Anne Tergesen

speaker

4,485 appearances 83 recordings 1 series first heard Jul 2017 last heard Feb 2025

Anne Tergesen’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · For Stock Investing, Older Americans Are Thinking Young · 10 Jul 2023 podcast

The professional managers of these funds are doing it for them, and they are heavily allocated to stocks, which is what most professional financial advisors would recommend.

So that's kind of what we're seeing.

We're seeing younger investors doing what the professionals say because they put their money into these professionally managed funds, and they kind of set it and forget it.

The baby boomers were not taught to set it and forget it.

They were taught to be active investors.

in managing their own money, and they're continuing to manage their own money.

And those who are continuing to manage their own money, a high proportion of them, are investing a lot in stocks.

WSJ Your Money Briefing · Why You Shouldn’t Check Your 401(k) During a Bull Market · 22 Jun 2023 podcast

People who check often perhaps feel wealthier. voice-verified

And even though that money is locked up in an account that's for retirement, psychologically, you feel wealthier. voice-verified

So you might be more likely to just spend more money, which can lead to lower savings rates. voice-verified

After having been in a bear market, there's a certain excitement to a bull market. voice-verified

You know, you get sort of a dopamine hit when you look at your 401k balance as opposed to, you know, during a bear market where you log on and you're probably pretty nervous. voice-verified

It's a different set of emotions. voice-verified

It's a much more positive set of emotions. voice-verified

I think there probably can be, you know, depending on the person, but yes. voice-verified

So Vanguard has some interesting data. voice-verified

They serve as an administrator for millions of 401k participants out there. voice-verified

And according to their data, a little over 60% of participants checked their accounts in 2022, and that's when the S&P was in a bear market. voice-verified

But in contrast, when we were in a bull market in 2019, 2020, and 2021, the percentages checking were closer to 70%. voice-verified

So it's not a huge difference, but it's notable. voice-verified

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