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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No, that's correct.
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Certainly, if we leave inflation aside from the calculation, that's absolutely right.
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Yeah, absolutely.
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I often like to say that one of the most powerful forces in financial physics, just like real physics, is inertia.
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And most investors will not act until they feel they're acted upon.
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And I myself kept my money in my physical bank.
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for many years too long until, I don't know, it was about two years ago, I finally moved it out to a much higher yielding alternative.
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And I had probably sacrificed hundreds, maybe thousands of dollars of income
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For no reason other than the fact that money sticks where it lands.
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Yeah, this is a nice service.
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It's been around for almost five years now, which essentially functions like an online switchboard.
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It automatically reroutes your money from one online savings bank to another.
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to maximize both the interest income you are earning and full FDIC coverage.
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So if you're fortunate enough to have more than $250,000 in cash, as perhaps some of our listeners do, you won't get full FDIC coverage if you keep all that money in one bank.
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But if you spread it across more than one, you will, and this service will do that automatically for you.
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Well, it could be.
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It's important to bear in mind that what this study looked at was whether people had ever made a change in how they were allocating their contributions within a major retirement system.
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So it's entirely possible that most of those people had most of their money in stock at the beginning and kept it there.
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But what it really shows is the power of inertia and that once people make a decision,
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it's much harder to get them to change it.
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Showing 701–720 of 906 · page 36 of 46
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