Jul 25, 2022
Justin Fitzpatrick, co-founder of Income Lab, says that while investors and retirement savers are starting to freak out about what the market has done to their portfolio values, they should be considering instead whether recent declines have actually impacted their ability to afford the retirement lifestyle they're planning. Funding your lifestyle is what matters in retirement, Fitzpatrick says, while movements in the market are fleeting and may not have much impact on retirement income. Zoe Barry of Zingeroo looks at how investors on the platform have been changing their behaviors in current markets, noting that many younger investors have turned away from the things they know and are comfortable with -- which was pushing them toward meme stocks and popular names -- to broaden out their holdings now. Also on the show, Ken Simonson, chief economist for the Associated General Contractors of America discusses the National Association for Business Economics July 2022 Business Conditions Survey released today, and David Trainer of New Constructs puts SNAP Inc. back in the Danger Zone, saying the big losses it has suffered don't make it immune from losing the rest of its value.