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The Stacking Benjamins Show

Investing In Your Vices (with Jordan Waldrep)

The Stacking Benjamins Show

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

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

4.42K Ratings

🗓️ 25 July 2018

⏱️ 74 minutes

🧾️ Download transcript

Summary

You've probably heard of impact investing, but... have you heard of vice funds? The concept is similar to impact investing, but instead of good causes, vice fund invests in those other sectors of the market....like cigarettes, gambling, and alcohol. Interested yet? We hope so, because today, to talk more on vice funds, mom's invited the guy that's right in the middle of this sector to share ideas, stories, and his investing strategy, Jordan Waldrep.

Then, in our headlines segment, we'll call our friend JJ Montenaro from USAA, who has some disturbing news on the life insurance front. Why don't many people buy life insurance? We'll talk coverage, strategies, and life insurance myths on today's podcast. Plus, we'll discuss one piece covering the "lessons learned" from a big Hollywood divorce.

We'll throw out the Haven Life Line to Tyler. Tyler's wife is going back to school to get her master's degree. Could they open up a 529 plan and use it right away for the tax credit? We'll also answer a letter from Paul. He wants to separate from service soon and retire, but most of his 401k funds are with a prior employer. Does he need to roll that money over before he separates so that he has money to live on before 59 and 1/2?

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 RXBAR for supporting Stacking Benjamins. Get 25% off your first order at RXbar.com/sb, Promo Code: SB.

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Transcript

Click on a timestamp to play from that location

0:00.0

At some point far in the future, historians will probably ask, what was daily life like

0:07.0

in the early 21st century?

0:10.0

Well, one thing we know for sure, nobody will ever point to these two clowns and say,

0:16.0

this was how you should have been stacking benjamins.

0:29.0

Live from Joe's mom's basement, it's the stacking Benjamin show. I'm Joe's Mom's Neighbor, and what a great show we have for you today.

0:42.5

First, my hypnosis training kit just showed up in the mail.

0:46.3

And second, visiting us from the Vice Fund.

0:49.4

We'll welcome the guy talking about investing in all the stuff Joe's mom loves.

0:56.0

Please welcome Jordan Waldrop. Plus, in our headline segment, some disturbing news on the life insurance front.

1:01.0

We'll share those numbers and solutions with a call from USAA's J.J. Montenero.

1:07.0

Of course, we'll still throw out the Haven Lifeline, answer a letter from the mailbag,

1:12.0

and hopefully by then, I'll be able to hypnotize everyone and suggest you make tons of wealth for yourself.

1:19.9

And now, two guys who don't need to be hypnotized to feel very, very relaxed and sleepy,

1:25.9

Joe and O.

1:27.8

J-J-J-J-J-J-J-G.

1:34.3

All you got to do for me is just put anything on television.

1:40.8

Man, I'm out.

1:42.1

You're out?

1:43.0

Yeah.

1:44.3

Not for me, because I will get sucked into that stuff.

1:47.5

And it'll be like, okay, I can do one more.

1:50.3

I like that Seinfeld, the Seinfeld joke where his whole body's asleep, except his

...

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