Beat The Market, Save, Retire At 30? | Rob Berger - 116

Your Money, Your Wealth

Realestate, Income, Investing, Personalfinance, 401k, Rothconversion, Retirement, Education, Taxes, Socialsecurity, Personalfinances, Finance, Retirementplanning, Investments, Stocks, Business, Roth, Fiduciary, Ira

2.3 • 681 Ratings

🗓️ 29 May 2017

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

From stock picking to retiring at 30, Rob Berger spills secrets learned in 10 years hosting The Dough Roller Money Podcast. Joe and Big Al talk about market volatility caused by President Trump’s potential tax cuts, healthcare plan and proposed budget, and they cover 5 "fatal error" type inherited IRA mistakes, the merits of Star Wars merch, Johnny Depp’s compulsive spending habits, and how joining a nudist colony may help your wallet.

Transcript

Click on a timestamp to play from that location

0:00.0	I know there's this view that you can't beat the market, you can't pick stocks, and I just don't agree with that.
0:06.0	Today on your money, your wealth, from successful stock picking to retiring at age 30, Rob Berger spills some of the secrets he's learned in his 10 years hosting the Do Roller Money podcast.
0:17.0	Joe and Big Al will tell you what to do with your portfolio in the face of market volatility caused by President Trump's potential tax cuts, health care plan, and proposed budget.
0:26.1	And they'll cover five fatal error type inherited IRA mistakes, the merits of Star Wars merch, Johnny Depp's compulsive spending habits, and how joining a nudist colony may help your wallet.
0:39.3	No, I'm not kidding. Now hold on to your earbuds because here are Joe Anderson CFP and Big Al Clopine's CPA.
0:44.3	You had a little volatility in the markets this week, Alan.
0:49.3	We did.
0:50.3	Wednesday, the day that the market went down quite a bit, and Thursday came back up and Friday again.
0:56.7	So there you go.
0:57.6	You know, so it's always about uncertainty, you know?
1:01.5	Right.
1:01.9	It's like, all right, well, I guess what's priced in now is, you know, potential tax cuts.
1:08.6	Yes, potential tax cuts.
1:10.2	Maybe we change the health care.
1:13.5	Maybe we get some of Trump's initiatives through that help businesses become more profitable.
1:18.5	So yeah, it's kind of funny how stocks are priced.
1:21.9	And I guess if you look at the market as a whole, it almost kind of handicaps what it
1:26.1	thinks the future is going to be. And when it looks more like we might get some of these Trump policies, it almost kind of handicaps what it thinks the future is going to be.
1:31.7	And when it looks more like we might get some of these Trump policies, it goes up when it looks less like, which kind of seemed on Wednesday, the market goes down again.
1:36.3	Yeah. And then Thursday, it was up a little bit.
1:39.3	Friday was up, I don't know, another 150 points.
1:41.8	Yeah, Friday was up a fair amount, yeah.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Your Money, Your Wealth, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Your Money, Your Wealth and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.