Jason Zweig

speaker

906 appearances 17 recordings 1 series first heard Jan 2018 last heard Sep 2022

Jason Zweig’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Your Most Valuable Investing Tool in 2022 Could Be Discipline · 12 Jan 2022 podcast

So the idea of introducing friction into your financial decisions is just to slow you down and make you think about what you're doing instead of performing it automatically. voice-verified

You know, anybody who gets dressed first thing in the morning voice-verified

You know, we get dressed in the dark. voice-verified

We don't think I'm putting my right leg into my pants. voice-verified

Now I'm putting my left leg into my pants. voice-verified

You go downstairs and the next thing you know, you look and you say, oh, I put my pants on, didn't I? voice-verified

And a lot of investing habits are like that. voice-verified

People grab their phone. voice-verified

They open the trading app. voice-verified

It starts buzzing and blinking. voice-verified

And the next thing they know, they're making a trade. voice-verified

And only by introducing friction, by keeping your phone in the other room, can you introduce enough friction between you and the trading app to make you think before you trade. voice-verified

It doesn't mean you can't do the trade. voice-verified

It just means you can't do the trade without thinking it through. voice-verified

Well, the simplest of all techniques is something called rebalancing, which sounds kind of complicated but is actually very simple. voice-verified

It just means you sell a little bit of whatever went up and you buy a little bit of whatever went down. voice-verified

And the easiest way to apply that is you set a target. voice-verified

And this is just an example. voice-verified

Everybody is different, but you might want to have, say, 70% of your money in stocks and 30% in bonds and cash. voice-verified

And I'm not recommending that. voice-verified

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