Cash Isn't Always King: JPMorgan's Santos

• Investing is a fundamentally human activity, requiring staying invested through market volatility.
• Plan for retirement 'through' its duration (35+ years), adjusting asset allocation over time.
• Cash isn't always king for inflation protection; diversify with equities, private markets (real estate, infrastructure), and options.
• College costs are soaring (some schools over $100,000/year); utilize tax-free 529 plans early.
• Valuations and expectations are crucial; focus on fundamentals, balance with valuations, and manage concentration risk.

Gabriela Santos of JPMorgan Asset Management discusses long-term financial planning, emphasizing that investing is a human activity. She advises planning 'through' retirement, diversifying beyond traditional assets for inflation protection, and starting college savings early due to rising costs and increased life expectancy. Cash is not always king for long-term growth.