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Your Money, Your Wealth

Investor Psychology: You Can Be Right And Still Be a Moron - 112

Your Money, Your Wealth

Your Money, Your Wealth

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

2.3681 Ratings

🗓️ 1 May 2017

⏱️ 68 minutes

🧾️ Download transcript

Summary

Are you a fearful moron when it comes to investing? Can you invest in LGBT rights and gender equality? Is today’s market forgetful? Behavioral finance expert Dr. Daniel Crosby, author of "The Laws of Wealth," discusses. Joe and Big Al consider The Biggest Tax Cut Ever, 7 Common Investor Mistakes, Ric Edelman’s Social Security solution, and your 401(k), Roth IRA and Social Security questions.

Transcript

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0:00.0

you can be right and still be a moron.

0:02.1

I think that people learn the wrong lessons sometimes.

0:05.1

And for me, the most powerful word in investing is probably.

0:08.8

If you hold all asset classes, probably some of them are going to do well.

0:13.0

That's behavioral finance expert, Dr. Daniel Crosby, author of The Laws of Wealth.

0:17.0

He's our guest today on Your Money Your Welf.

0:20.0

Is there forgetfulness in today's market?

0:21.6

Can you invest in LGBT rights and gender equality?

0:24.6

Are you a fearful moron when it comes to investing?

0:27.6

Dr. Crosby answers these questions and more.

0:30.6

Also coming up, Joe and Big Al consider the biggest tax cut ever.

0:34.6

Seven common investor mistakes, Rick Edelman's Social Security

0:38.5

solution, and your 401k Roth IRA and Social Security questions. Now, two guys who are

0:44.3

probably not morons at all. Joe Anderson's CFP and Big Al-Cloopine's CPA. First thing is first out.

0:52.2

But you just read that our president is going to come out with

0:55.4

some new tax reform coming up here in the next couple of week.

0:57.8

Yeah, he says he's going to announce his tax package, which will be bigger than any tax

1:04.0

cut ever, in quotes.

1:06.7

And you know, we'll have to see.

1:08.8

This sort of coincides with the 100-day mark.

1:14.4

Remember how much he said that I'm going to do a lot in 100 days?

1:22.4

And so then I actually saw an article that said he thinks the 100-day mark idea is a dumb concept.

...

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