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Afford Anything | Make Smart Money Choices

10 Questions to Master Successful Investing, with David Stein

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.73.6K Ratings

🗓️ 7 February 2020

⏱️ 78 minutes

🧾️ Download transcript

Summary

#240: Are you investing, speculating, or gambling? What are the three drivers of asset performance? Are you aware of who’s getting a cut from your investments? Do you even know who’s on the other side of the trade? David Stein is the author of Money for the Rest of Us, a book that answers these questions. He’s the former Chief Investment Strategist & Chief Portfolio Strategist at Fund Evaluation Group, a $70 billion investment firm. If you’re thinking of adding a new investment to your portfolio, David’s investment philosophy and framework can help you avoid expensive mistakes. For more information, visit the show notes at https://affordanything.com/episode240 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

You can afford anything but not everything.

0:10.5

Every decision that you make is a trade-off against something else and that doesn't just

0:13.6

apply to your money.

0:14.6

That applies to your time, your focus, your energy, your attention.

0:17.7

It applies to anything in your life that's a scarce or limited resource.

0:21.1

That leads to two questions.

0:22.5

Number one, what matters most to you?

0:25.0

And number two, how do you align your day-to-day decisions to reflect that?

0:29.9

Answering these two questions is a lifetime practice and that is what this podcast is

0:33.6

here to explore.

0:34.7

My name is Paula Pant, I'm the host of the Afford Anything Podcast and today David Stein

0:39.2

joins us to talk about 10 questions that you should ask yourself before buying an investment.

0:45.2

David Stein was the chief investment strategist and chief portfolio strategist at Fund Evaluation

0:50.6

Group which was a $70 billion investment advisory firm.

0:55.4

During his time there, he co-led a 21-person research group.

0:59.6

He now hosts a podcast about investing called Money for the Rest of Us.

1:03.6

This is his second time on the Afford Anything Podcast.

1:05.8

He was also our guest on episode 95 and he has recently published a book called Money

1:10.8

for the Rest of Us in which he outlines 10 questions that a person should ask themselves

1:16.3

before they buy a new type of investment.

1:18.9

So if you're thinking about going into dividend investing or starting international investing

1:23.5

or picking up shares of individual stocks like Tesla or Nike or Apple.

...

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