How to Beat Market Timers
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 31 August 2018
⏱️ 37 minutes
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Summary
Transcript
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| 0:00.0 | Market timing. Wouldn't it be great if there was a case study of the worst investor in history? |
| 0:06.6 | And what if we had a superpower that will help you make it through all market volatility? |
| 0:11.8 | It's Brian Preston, the money guy, restoring order to your financial chaos, retirement, |
| 0:18.7 | investing, taxing. You've got financial questions, he's got financial answers. It's Brian Preston, |
| 0:25.8 | the money guy. So Brian, my favorite part about these shows is always when you say, |
| 0:29.4 | hey, guys, give me a really good idea for the intro. We give you an idea. |
| 0:33.1 | And your intro is absolutely nothing like that. But you still did fantastic with it. |
| 0:37.9 | Well, I felt, because we're going to introduce the concept of what we're talking about today. |
| 0:42.1 | But so we're going to really, you know, show what Ben wrote his post about. |
| 0:47.1 | Sure. So I kind of wanted to make sure we still covered what we were going over. By the way, |
| 0:51.4 | this is Bo's birthday. Did I say it the right way or did I say it Southern way? |
| 0:56.2 | Does it birthday or does it say birthday? You said birthday. |
| 0:59.3 | Okay, good. I have to watch that. The Southern enemy comes out really heavy on the word birthday. |
| 1:04.0 | So if you all didn't know Bo turned 21 today. That's right. |
| 1:07.7 | Finally, Brian. It's funny. Is that joke? We've got an old enough that it actually is worth |
| 1:11.8 | while now. But here's what we're going to be covering today is that if you ever gone to the |
| 1:16.2 | cocktail party where the brother-in-law or some coworker cannot wait to run up to you and |
| 1:24.3 | just brag about how much money they're making out there with their high-flying stock pick or some |
| 1:31.2 | stock option trade they've made. Can't wait to how early they got in on that one stock. |
| 1:36.6 | The thing I've always noticed about these people when they want to brag about their trades is |
| 1:40.8 | they never tell you about their losers. So what we want to talk about is there was a great |
| 1:47.6 | piece written back in 2014 by Ben Carlson from a wealth of common sense. Ben wrote this piece |
... |
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