The Bear Market, Future Returns, and the History of Low-Cost Investing with Eric Balchunas
b"Every time the market experiences a drawdown, it feels like the echoing chorus of, \\u201cThis time, it\\u2019s different,\\u201d gets more deafening. As the history buffs assure us, that\\u2019s very unlikely\\u2014but that doesn\\u2019t change the fact I want to hedge if it\\u2019s true.\\xa0\\nFor many of us #n00b investors who started in the last decade, we\\u2019re experiencing a serious pullback for the first time (I no longer count the 30% COVID drawdown since it was so short-lived). I think it\\u2019s a (healthy) reminder that investing in the stock market is not a risk-free proposition, and returns are not guaranteed.\\nSo how do we adjust our expectations and behavior accordingly? I\\u2019ll tell you how I\\u2019m pivoting in this week\\u2019s episode.\\nI invited Bloomberg ETF analyst Eric Balchunas on the show to talk about the history of low-cost investing, Jack Bogle\\u2019s legacy, and Vanguard\\u2019s role in changing the industry forever\\u2014plus, his spicy take on cryptocurrency. \\U0001f440\\nResources\\nEric's book, The Bogle Effect\\n\\n\\nFollow Along\\n\\nListen to Money with Katie here: https://www.podpage.com/money-with-katie-show/\\n\\n\\nRead Money with Katie: https://moneywithkatie.com/\\n\\n\\n\\xa0\\nFollow Money with Katie!\\n\\nInstagram: https://www.instagram.com/moneywithkatie/\\n\\n\\nTwitter: https://twitter.com/moneywithkatie\\n\\n\\nTikTok: https://www.tiktok.com/@moneywithkatie\\n\\n\\n\\nThis episode is sponsored by Betterment.\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"