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
Last Minute Tax Tips That Could Save You Thousands (with CPA Bob Wheeler)
Spanx Your Budget to Slim Expenses (with Allison Baggerly)
Our Best Secrets to Slash Your Grocery Budget and Save Big
Who CAN We Trust With Our Money and Career? (with Dr. Henry Cloud)
What If We Asked, "How Much Do You Earn?" More Often? (with Maya Lau)
Lessons From Nearly Losing All of Your Money: Silicon Valley Bank Collapse
Reboot Your Career or Your Life (with Joanne Lipman)
$1,000,000 March Madness Real Estate Bracket: Experts Debate the Best Strategy to Make Money Quickly
Plan Better and Achieve More: Two Case Studies of Financial Planning Success (with Taylor Schulte)
10 Expenses That Are Stealing Your Wealth (And What You Can Do About It)
Kara Goucher on Abuse, Money, and the Elite Nike Running Team
Increase Your Income with Short-Term Rentals (with AirBnB queen Lauren Keene Aumond)
Our Favorite Tax Software (with Robert Farrington from TheCollegeInvestor.com)
SPECIAL: Silicon Valley Bank Collapse - What Happened and How Does It Affect Your Plan?
Smart Money Moves: Building Financial Habits That Last a Lifetime
Stacking Stories: Tales of Expat Living, Selling a Business, and Frugal Living from our Stacker Community
SPECIAL: Stacking Deeds Episode 1 - "Top 5 Places to Start With Real Estate Investing"
From Big Benjamins to The Big House (with Shaun Hayes)
Shifting Your Mindset (with Blueprint Income) - REWIND
Finding Financial Wholeness (with Tiffany Aliche – The Budgetnista) - REWIND
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
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