Justin Baer
speaker
162 appearances
3 recordings
1 series
first heard Feb 2020
last heard Nov 2024
Justin Baer’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Teens Can Trade Stocks With Real Money. But Should They? · 19 May 2021
podcast
Yeah, I mean, that's a good question.
I think, you know, certainly firms like Fidelity think that financial literacy is the most important takeaway from these experiences, that the sooner that people understand how to manage their money, how to manage their spending, understand the risks they take, but also how they can put that money to work more effectively and how they can save, that those are all very valuable lessons, right?
I think...
But as we covered earlier, there often are risks associated with putting your money in things other than cash, right?
And that's another hard lesson that all of us have to learn at some point.
We'll see, right?
I think firms like Fidelity are hoping that many investors really continue to see the value of investing and remaining active in the markets.
Maybe, you know, many of them tire of the sort of ups and downs that come with and really emotional attachment that comes with picking individual stocks and eventually sort of seek out professional advice.
And from Wall Street's perspective, that's really a far more lucrative business for them.
So I'm sure they welcome that graduation, so to speak.
The industry also knows that it really has time on its hands and on its side, that young investors grow older and they have kids and they create much more complex financial lives.
But the situation we're in today won't last forever.
And some of the euphoria we've seen will certainly subside.
Anytime.
The issue that has emerged as these have grown more popular is that there are not really a lot of parameters around the information they can take.
Sure.
This is a platform that basically sits between the financial institutions, the banks and brokers that you might have accounts with, and the various applications.
So the online apps that, as you said, might help you plan your taxes, plan retirement, create a budget.
And historically, those apps are populated by the data that you store inside of your various accounts.
And so at some point in that process, when you sign up for those apps,
Showing 101–120 of 162 · page 6 of 9
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