IMA's Katsenelson: Don't let the bear market shrink your time horizon

Money Life with Chuck Jaffe

Noted value investor Vitaliy Katsenelson, chief investment officer of Investment Management Associates -- who was on Tuesday's show discussing his new book, “Soul in the Game: The Art of a Meaningful Life” -- returns to the show for a discussion of current market conditions and notes that investors in bull markets see their time horizons lengthen, but that time becomes shorter when investors are facing a downturn and see their assets shrinking. He warns against allowing the current market troubles and the market's short-term gyrations to influence long-term plans. Also on the show, Ted Rossman discusses the latest CreditCards.com survey showing some surprising trends in how consumers are tipping in the post-pandemic environment, Ed Slott of IRAhelp.com is back to help Chuck answer a listener's question about setting up a tax-advantaged savings account for a newborn grandchild, and Jordan Kahn, chief investment officer of the ACM Funds -- manager of the ACM Dynamic Opportunity Fund -- makes his debut talking stocks in the Market Call.