Spencer Jakab

speaker

981 appearances 14 recordings 1 series first heard Jul 2017 last heard Jun 2021

Spencer Jakab’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Take WSJ's Stock Investing Challenge · 4 Jun 2021 podcast

Thanks for having me.

Well, there was a very successful investing challenge last year.

And since then, we have had millions and millions of people join the ranks of investors, open up their first retail accounts.

We had the meme stock squeeze in January.

And so clearly, there are a lot of inexperienced investors there.

There are also a lot of people who

Maybe they have a decade or two under their belt, but have lots of questions.

And there really are no stupid questions.

So we try to address some of the real basics.

But the things that we address also could be of interest to people who feel like they know a thing or two.

So tell me, Spencer, how the investing challenge will actually work.

You know, there's a lot of advice out there on what to do and what not to do in the stock market.

And, you know, until you really kind of, you know, face the decision to invest or not invest or how to invest, it's all theoretical.

And so a few of the exercises give you fictional money to invest.

Not real money, unfortunately, but fictional money.

And we ask you to imagine what's going to happen or even in one of the games,

We have you make a series of bets with this fictional money and tell you how it worked out.

And we also tell you how everyone who went before you did.

And it imparts a really fascinating lesson, actually, about how people wager their money and how people think about risk.

I think they'll learn a lot.

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