177: How to Take Charge of Your Personal Finance, With Gil Baumgarten & Kevin Bees Profit Maximisation Expert

2023-08-03

Gil Baumgarten is a disruptive wealth management pioneer. After battling UBS in defense of 100% ETF portfolios, a direct assault on the firm’s fee-rich mutual fund business, he was on the original beta-test team of six advisors permitted to run discretionary ETF portfolios in 2002. He has since been named one of the “Top-20 ETF Thought Leaders in the U.S.” by Barron’s and The Wall Street Journal. Gil’s fee-only fiduciary firm, Segment Wealth Management, is a top-15 firm in Houston as ranked by the Houston Business Journal. Gil is perennially named a top 50 advisor in Texas by Barron’s, out of the state’s 26,002 registrants. Gil is also the best-selling author of FOOLISH: How Investors Get Worked Up and Worked Over by the System. The book...

Gil’s fee-only fiduciary firm, Segment Wealth Management, is a top-15 firm in Houston as ranked by the Houston Business Journal. Gil is perennially named a top 50 advisor in Texas by Barron’s, out of the state’s 26,002 registrants.

Gil is also the best-selling author of FOOLISH: How Investors Get Worked Up and Worked Over by the System. The book takes readers through the dark tunnels of the brokerage fee ecosystem and takes a deep dive on investors’ self-harm tendencies driven by ego satisfaction.

In this episode, Gil Baumgarten shares:

What’s happening to the financial system and what can we do to take control of our financial future
How a fiduciary system can benefit you
Insights on confirmational biases
what we should be doing to guide ourselves through the current economic situation
The importance of having a financial guide
The best stocks to invest in
The advantages of investing in ETFs
Investment recommendations for investors with portfolio values of over 5 million dollars
Investment recommendations for investors with portfolio values of under 5 million dollars
Managing liquidity to create wealth and take control of our finances
The best route to sustainable wealth
How the quality of the questions we ask ourselves impact the quality of the life that we lead
How to create the mental ecosystem to produce the best financial results
How to have a better result by avoiding taxes and fees
idea or concept of beginning with the end in mind
And much more...