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
How One Woman Flipped Five Dollars Into Millions
Thrill on a Budget: Save Big and Have a Blast at Theme Parks
What Does “Passive Income” Really Mean (and do we want it?)
Pennies to Prosperity: Unleashing Financial Wizardry with Erin Lowry, the 'Not-So-Broke' Millennial
Make "A Couple Million" Without Ruining Your Life (with Steve Chou)
Is "Being Great" Holding You Back?
The Happily Never After Show: Finding Help and Hope in Divorce
Leadership Lessons To Help Your Career Take Flight (with Oscar Munoz)
Navigating Awkward Money Moments (plus Evil HR Lady) REWIND
Better–and Funnier–Flights (with Betty Thesky) REWIND
Stop Delegating Money Decisions (with Bola Sokunbi) REWIND
The Art Of Balancing Relationships And Finances
"Going Pro" With Your Money Skills (with Rob Welch)
Planning Retirement the RIGHT Way (with Veronica McCain)
Our Best Financial Tips For Graduates
Making a Financial Plan That Sticks (with Lawrence Sprung)
Economics 101: A Study of Janet Yellen's Career (with Jon Hilsenrath)
Our Take on the "No Retirement Savings" Crisis
Dumping Debt: How to Get Out of the Red and Into the Black (with Dorethia Kelly)
Work-Life Harmony is Closer Than You Think (with Tina Wells)
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