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Podcast: Money Life with Chuck Jaffe
Episode: AARP.org's Waggoner: Diversify further to avoid the pain of inflation
Description: 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...