The word is out on using low-cost investments over complex Wall Street strategies (and if you don't believe us, we'll quote SIGNIFICANT studies on today's show). Yet, new expensive products are built every day promising better/faster/more wealth. What do you need to know to simplify your strategy and stay the course? In today's headline segment we'll dive into diversification and keeping your portfolio simple. We'll share why it's important to question more complex strategies, and discuss solutions that wealthy investors truly are using to increase future income streams while keeping things low cost. We'll also shine a light on a popular investment manager who's working directly opposite the trend that we're suggesting, Cathie Wood of ARK Investments. We'll share the wild ride up and our thoughts on her recent issues and disastrous returns.
We'll also take a call from James, wondering about ABLE accounts. These are wonderful tools for people with special needs who are diagnosed early in life, and can help individuals avoid significant taxes. How do they work? What do you need to know? We'll share.
Of course, we'll also dive into Doug's amazing trivia question of the day, which shines a light on a high cost investment option: hedge funds...while saving time for a TikTok minute you won't want to miss.
FULL SHOW NOTES: https://www.stackingbenjamins.com/all-about-fees-and-you-1498
Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201
Enjoy!
Learn more about your ad choices. Visit podcastchoices.com/adchoices
401(k) Hacks for Optimal Retirement Savings
Innovations in Credit Union Land
From Letterman's Early Boss to Radio Rebel (lessons from FM Radio Mastermind Jeff Smulyan)
Money Lessons for a Strong Financial Foundation
Earning a Cool Million, Saving Tons with a FREE Resource, and Rocking a Podcast (our Stackers Share Success Stories)
The Credit Gamechanger: Expert Insights for a Better Score
Boost Your Efficiency With These Hacks For Maximum Productivity
Financial Self-Defense: Techniques for Outsmarting Scammers
From Stuck to Unstoppable: How to Get Up, Get Started, and Get Moving
Is It Taxable? (and an intro to Clarity Money) Greatest Hits Rewind
When Retirement Seems Impossible (with Dr. Steve Wendel from Morningstar) Greatest Hits Rewind
Money Saving Hacks (with David Pogue) - Greatest Hits (Rewind)
Real Estate Kickstart: Exploring Investment Strategies
Your World on Money - Behind the Scenes of the new Million Stories Series with host Andini Mankosinski
Three Tales of Financial Triumph (with Jonathan Clements)
Mastering Rollovers: Strategies for a Smooth Transition of Retirement Funds
From Orphan to Fintech Award Winner: How to Find Mentors, Build a Future, and Help Others Grow
Zen and the Art of Better Money Decisions
Uncovering Money Wisdom from Dads
Money Magnet Manifesto: Our Top 5 Money Mindset Tweaks to Build Wealth
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
Innovation in Compliance with Tom Fox
Kate’s Take
The Shameless Mom Academy: Motherhood, Motivation, and Mindset Tips for Busy Moms
HORSES IN THE MORNING
Wise Traditions