Joe Pinsker
speaker
1,247 appearances
30 recordings
1 series
first heard Oct 2022
last heard Jan 2025
Joe Pinsker’s voice in public audio — every appearance, attributed to the second.
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Appearances
Olympic and Paralympic Committee pays $37,500 for gold medals and $22,500 for silver medals and $15,000 for bronze medals.
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So it's not insignificant.
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It's maybe not going to completely undo all the other financial strains, but it certainly is a big help to a lot of people.
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It's better to make a plan in advance for times like this than to rapidly and frantically try to adjust course in the moment.
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The financial plans that we set up in calmer times, those are likely going to be wiser than any rash decisions that we make in anxious moments.
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When something bad happens in the world, we like to do something.
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We like to feel like we have some sort of agency and some control.
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And a lot of people see bad news and feel compelled to take action.
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Personally, I've always actually kind of found the advice to do nothing a little bit liberating because messing with my portfolio is one thing I can take off my to-do list, one thing fewer I have to worry about.
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But maybe that's just me.
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There you go.
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Even better.
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The idea here is that it's better to make a plan in advance for times like this than to rapidly and frantically try to adjust course in the moment.
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The financial plans that we set up in calmer times, whether we're the ones doing it or with the help of a financial advisor, those are likely going to be wiser than any rash decisions that we make in anxious moments.
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And I'd say that if there is a silver lining to a big drop in stock prices, maybe it's that this is the jolt that some people need to make a plan for next time.
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That feeling of anxiety and lack of preparedness right now, maybe that's the inspiration that has people set up a plan to be less stressed next time something like this happens.
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One thing people might think about at a moment when stock prices have increased
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gone down is a strategy called tax loss harvesting.
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The idea is that if you sell a stock at a lower price than you bought it for, that's bad.
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But you can, if you sell it, record it as a loss for tax purposes, and you can apply that loss against other investment gains.
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Showing 301–320 of 1,247 · page 16 of 63
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