How To Slash Your Investing Risk (with Chris Cook)

The Stacking Benjamins Show

Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP

Personal Finance, Financial Planning, Education, Retirement, Investing, Cfp, Business, Money

4.4 • 2K Ratings

🗓️ 11 July 2018

⏱️ 71 minutes

🔗️ Recording | iTunes | RSS

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Summary

Investing can be scary, especially if you're just starting out. What if your money evaporates overnight? What if some unforeseen event happens and my investments are wiped out? And with most of us relying on our investments to get us through retirement years, to pay for college, or other goals, it's natural to be worried. While we can't totally eliminate investment risk, we can do a pretty good job reducing risk... if you know how. That's why we're bringing the author of Slash Your Retirement Risk, Chris Cook, down to the basement. We'll talk to Chris about how you can make practical, safe investments to see you through your retirement years, and still keep the money rolling while you do it.

Then our headlines segment, UBS has been ordered to pay out millions in a Puerto Rico bonds claim. Plus, during our second headline we cross over to the other side and hear the confessions of a debt collector. Of course that's not all! We'll throw out the Haven Life line to Mike, who has a pile of cash to invest. He already has a few ideas, but wants to know what we think. And in our letters segment Willis wants to know if taking the tax hit for a backdoor Roth contribution with his two rollover IRAs is worth it. Thoughts? And don't you worry, we'll still have time for Doug's trivia.

Thanks also to MagnifyMoney.com for sponsoring Stacking Benjamins. MagnifyMoney.com saves users on average $450 when they compare, ditch, switch and save on credit cards, student loan refinancing, checking, savings and more. Check out MagnifyMoney.com for your savings.

Thanks to Slack for supporting Stacking Benjamins. Slack: Where work happens. Go to slack.com to learn more.

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Transcript

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0:00.0	They're dogs and they're playing poker.
0:04.0	Ah!
0:05.0	Ha!
0:06.0	Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha.
0:13.0	Live from Joe's mom's basement, it's the Stacking Benjamin Show.
0:30.3	I'm Joe's mom's neighbor, Doug, and... Oh, brain freeze.
0:33.7	Well, okay.
0:34.8	You can join in with us because today is 7-Eleven day and all the slurpees you can drink are on us.
0:43.2	Offer valid only at participating locations and assumes customer only takes the maximum number of slurpees allowed by local state and federal law and no more than that location will give you because stacking Benjamins is not made of money and has no budget to buy you at slurpy. And also in the basement here to talk about slashing risk with your investments,
0:59.4	we welcome Chris Cook. And speaking of icy, in our headline segment, we'll hear from a debt
1:05.5	collector. Are they really as icy and mean and nasty as people think? Of course they, I mean, of course, we'll still
1:13.9	throw out the Haven Lifeline to Mike, who just cashed in a life insurance policy and is
1:19.0	wondering what to do with the difference. And we'll be certain to feature all in caps, my
1:25.3	amazing trivia. And now, two guys who we call the slim gym and hostess
1:30.7	cupcake of this podcast you get to decide who's who jo and oh j j j j j j j j j oh j's totally the
1:40.3	cupcake i am definitely not the slim jim you're Totally the cupcake.
1:47.8	I am definitely not the slim gym.
1:50.5	You're like the pork grind of the show.
1:53.6	How do you find the happy middle ground?
1:55.4	I don't know what that is, but that's me.
2:19.7	Hey, welcome to Hump Day on the Stacky Bedgment show, or better yet, free slurpy day. I like how Doug just gives everybody a free slurpy as long as it's... What a nice guy, right? He just, he walked into every 7-Eleven. He sent a note to 7-Eleven corporate and said, you know what, today, every slurpee's on me. Let me give you my credit card. All of our listeners get free slurpees. I dare you to walk into a 7-11 today and as you're checking out just say hey by the way thank Doug for this yeah there you know and see
2:26.1	what they say they used to allow the uh you know people would bring in like a big that so they can
	...

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