Ask Paula: How Much of My Company Stock Should I Buy?

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.7 • 3.6K Ratings

🗓️ 21 October 2019

⏱️ 76 minutes

🔗️ Recording | iTunes | RSS

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Summary

#221: Vanessa is curious about Fidelity and Vanguard. She asks: what are your thoughts on the no-fee Fidelity index funds? What are your opinions on Vanguard’s financial advisors? Andy wants to know: should my wife and I continue maxing out our traditional 401k and backdoor Roth IRA, or should we start contributing to the Roth 401k my employer offers? Kyle is wondering - how can he minimize his taxes when he earns $450,000/year? Rob is self-employed and has been maxing out a Roth IRA, but recently discovered that he can open a self-employed IRA. Should he move his Roth IRA money over, or just open a new account and fund it from scratch? Christina is torn. Her and her husband have been saving to buy a house, but because they live in New York, their savings won’t go very far. Is it a good idea for them to continue renting, despite their dreams? Mercedes is wondering how REITs compare to stocks and owning actual real estate. Additionally, she’d like to know more about Forex trading. Craig has an employee stock purchase plan (ESPP). Since these tend to be risky, he’s wondering: is he better off moving the $25,000 that he puts towards the ESPP into mutual funds? Or is an ESPP a good way to diversify his funds? Myself and former financial planner, Joe Saul-Sehy, answer these questions in today’s episode. Enjoy! For more information, visit the show notes at https://affordanything.com/episode221 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.
0:10.4	Every decision that you make is a trade-off against something else and that doesn't just
0:13.3	apply to your money.
0:14.3	It applies to your time, your focus, your energy, your attention, anything in your life.
0:18.0	That's a scarce or limited resource.
0:20.5	That leads to two questions.
0:22.1	Number one, what do you value most and number two, how do you manage your resources in
0:27.5	a way that aligns with your values?
0:30.4	Answering these two questions is a lifetime practice and that is what this podcast is here
0:34.3	to explore.
0:35.3	My name is Paula Pat on the host of the Afford Anything Podcast.
0:39.0	Every other episode, we answer questions that come from you, the Afford Anything Community.
0:44.2	And today, former financial planner Joe Saul Seahy is here with me to answer these questions.
0:49.6	What's up Joe?
0:50.6	We're back!
0:51.6	We got the band back together.
0:52.6	Absolutely.
0:53.6	And we are going to jump right in with our first question which comes from Vanessa.
0:57.7	Hi Paula, this is Vanessa.
1:01.1	Thank you for everything that you do.
1:02.4	I love your podcast.
1:04.0	I was wondering what you thought about the No-Fee Fidelity Index Funds, both the Domestic
	...

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