Money Life With Chuck Jaffe Daily Podcast

John Waggoner, financial editor at AARP.org, says that the current wave of inflation -- most recently pegged on Tuesday by the government at 8.5 percent -- is not the same as what older investors remember from the late 1970s and early 1980s, but he cautions those older investors to avoid knee-jerk reactions to higher prices, noting that diversification -- buying undervalued securities, investing in securities delivering long-term income streams, and even holding cash to avoid having to sell anything into current conditions -- remains the time-tested way to avoid getting crunched by volatile markets and troubled economies. Also on the show, Ed Carson, news editor at Investor's Business Daily, discusses the latest IBD/TIPP Economic Optimism Index, which remained in negative territory for the eighth straight month despite a massive, 11 percent uptick in positive sentiment, and Daniel Kern, chief investment officer at TFC Financial Management, talks about mutual funds and ETFs -- and how individuals might be tink