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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recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
We zoom in on these things thinking that changing them would make us happier when in reality, happiness is this really complicated summation of all the things going on in our life.
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So by all means, try to make yourself happier in one dimension, but don't overlook everything else.
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One worry is that, in short, it'll go to your head.
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When people see big gains in their account, there's a risk that they'll think they're some sort of investing genius and maybe then take risks that they shouldn't.
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Thank you for having me.
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And if you look at Vanguard's 2030 target date fund, which is something that a lot of people hold in their retirement accounts and is set up for workers who are retiring in about six years, that's up 14.5% so far this year.
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And if you look further out into the future at Vanguard's 2060 fund, which has more money in stocks, that's up about 18%.
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One worry is that, in short, it'll go to your head.
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When people see big gains in their account, there's a risk that they'll think they're some sort of
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Investing genius and maybe then take risks that they shouldn't.
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The fact is you didn't need to be a genius to make a lot of money on your investments this year.
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So checking often can tempt you to meddle with them when really you should only be checking on your retirement accounts once or twice a year.
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It may inspire you to deviate from a wise investing plan that you'd already set a while ago and make you think that setting off on your own in this moment is the best course of action.
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The idea of a retirement account is that you have a long-term plan and you don't stray from it.
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And the danger with overconfidence is that it might tempt you to do something rash in the moment that isn't best for your long-term outcomes.
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Sure, by all means.
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And first, I'll note that you don't need my permission, at least anyway.
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This can feel like a good moment to maybe pat yourself on the back a little for saving up to now.
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And also maybe kind of bask in the reassurance you just got that even after a terrible year for stocks like 2022, stocks can go up.
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Honestly, I have no idea and I don't think anyone else truly does either.
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Showing 681–700 of 1,247 · page 35 of 63
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