The Bear Market, Future Returns, and the History of Low-Cost Investing with Eric Balchunas

The Money with Katie Show

Jun 22 2022 • 51 mins

Every time the market experiences a drawdown, it feels like the echoing chorus of, “This time, it’s different,” gets more deafening. As the history buffs assure us, that’s very unlikely—but that doesn’t change the fact I want to hedge if it’s true.  For many of us #n00b investors who started in the last decade, we’re 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’s a (healthy) reminder that investing in the stock market is not a risk-free proposition, and returns are not guaranteed. So how do we adjust our expectations and behavior accordingly? I’ll tell you how I’m pivoting in this week’s episode. I invited Bloomberg ETF analyst Eric Balchunas on the show to talk about the history of low-cost investing, Jack Bogle’s legacy, and Vanguard’s role in changing the industry forever—plus, his spicy take on cryptocurrency. 👀 Resources Eric's book, The Bogle Effect Follow Along Listen to Money with Katie here: Read Money with Katie:   Follow Money with Katie! Instagram: Twitter: TikTok: This episode is sponsored by Betterment.