Financial Sobriety
Financial Sobriety
Special Edition: Market Meltdown Memories - part 2
Special Edition: Market Meltdown Memories - part 2
Special Edition: Market Meltdown Memories - part 2
Wednesday 29th September 2021
Revisit the 2008 financial crisis with Matthew and Jim as they explore its lasting impact and offer practical advice for today's investors.
23 minutes
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Get the buttons here!Reflecting on the 2008 Financial Crisis: Lessons and Insights
And often what can happen with some investors that I've met over my career is they start swinging for the fences more. They try to play catch up because they know they can't necessarily save their way to retirement.
What really went down during the 2008 financial crisis? In this special edition of 'Financial Sobriety', hosts Matthew Grishman and Jim Gebhardt revisit one of the most tumultuous times in recent financial history. They dig into the collapse of giants like Merrill Lynch and Lehman Brothers, and the significant role governmental bailouts played, especially for AIG. The episode isn't just a history lesson; it's a reflection on how those events still ripple through today's markets.
Matthew and Jim discuss the emotional rollercoaster investors faced back then, touching on the concept of 'investor PTSD'. They also offer practical advice on being mindful of risks and managing blind spots in your investments. To top it off, they use a clever baseball analogy to simplify retirement planning. This episode is perfect for anyone looking to understand past financial mistakes and apply those lessons to their current financial strategies.
Join Matthew and Jim for an honest, engaging conversation that blends historical insights with actionable advice.