4.8 • 872 Ratings
🗓️ 5 February 2018
⏱️ 40 minutes
🧾️ Download transcript
Ern has a current net worth of 3.1M. Of that amount, 1.2M is invested in mutual funds, with about 1.0M in S&P 500 index funds. He discusses his preference for that fund and why he prefers index funds over actively managed mutual funds. He also talks about deferred compensation (150K) and option trading (650K). Ern also has about 500K in home equity. He provides great advice on when to take risks and discusses the benefits of starting early.
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0:00.0 | You're listening to the Millionaires Unveiled Podcast, where you'll hear the stories and |
0:06.0 | interviews of everyday millionaires. |
0:09.1 | We'll unveil their decisions, their strategies, and their current portfolio allocation. |
0:15.8 | Now to your hosts, Clark Sheffield and Jace Matinson. |
0:22.0 | So on today's show, we have Earn and his net worth is 3.1 million and he's got a he's got a bunch of different you know classes in that 3.1 million with his biggest one being about 1.2 in the equity markets |
0:36.0 | and that's between his retirement accounts and his non-retirement accounts and of that |
0:40.5 | 1.2 million about 90% is invested in an S&P 500 index fund. |
0:47.4 | So he has about a million dollars in the S&P 500 index fund. |
0:51.0 | And so we ask him about that and why he so heavily allocated in that fund and you know he opens up about that and then shares his inside about how he wish he had a little bit more allocated to international funds. |
1:04.1 | Also he talks about why he doesn't invest in any actively |
1:07.5 | managed mutual funds and he really does favor those index funds. |
1:11.2 | And then he also had about 250,000 in deferred compensation. And so he |
1:16.5 | opens up about his strategy with that and what he's thinking in the future about |
1:20.8 | taking that money once he retires. |
1:23.5 | And then lastly, I thought he had a great piece of information at the end about getting started |
1:28.8 | when you're young and what he did and what he wishes he would have done and just provided some great |
1:35.0 | you know input on what all of us can can work on and put into our retirement plan. |
1:41.0 | All right welcome to Millionaires in Vale. |
1:43.8 | Today we have Earn with this. |
1:45.5 | Earn, do you want to just give us a little bio about yourself? |
1:49.2 | Yes, thank you. |
1:50.4 | Thanks for having me. |
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