'Just because something is down doesn't mean you've lost money'

Money Life with Chuck Jaffe

After two days lost to power outage at Chuck's studio, the show returns with John Petrides, portfolio manager at Tocqueville Asset Management, reminding investors to keep their eyes on the prize for their ultimate goals and not let volatility and downturns shake them out of the market, turning paper losses into real pain. Petrides says his team has been in a buy-the-dip mentality since the start of the pandemic and that hasn't changed as the recovery has played out, particularly because the alternatives to stock investments are unattractive right now. Also on the show, Sri Reddy of Principal Financial Group discusses the habits that successful savers have exhibited during the pandemic, Ed Slott of IRAhelp.com helps Chuck answer a listener's tax question, and we revisit a recent chat with Michael Kelly of Pinebridge Investments.