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The Stacking Benjamins Show

Just Keep Buying Stocks (with Nick Maggiulli)

The Stacking Benjamins Show

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

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

4.42K Ratings

🗓️ 11 April 2022

⏱️ 72 minutes

🧾️ Download transcript

Summary

What's the key to success with investing? This game is actually far easier than many think it is. Nick Maggiulli is known as the Dollars and Data guy on Twitter, but today he talks about how more data actually nearly sank him as a new investor. It turns out that over-optimization might hurt you in the long run. He shares the top 3 reasons why you should invest and even gives ideas on how to increase your income so you can save more.

During our headline segment, we're talking about the important f word...fiduciary. What is it and why is it important? And why is Robinhood in hot water because of it? We'll explain it all. We'll also help answer Chris' question about sharing bank accounts with your spouse. And Doug will share his trivia.

Enjoy!

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Transcript

Click on a timestamp to play from that location

0:00.0

Well, it's Monday. You know what that means, O.G. Time for our Navy federal shout out,

0:05.7

which I get super excited to do. So everybody, I'm raising my hotel coffee here.

0:12.5

Looks delicious.

0:14.5

Here's to the men and women. Is it also lukewarm?

0:16.6

It is. Here's to the men and women serving our country in our armed forces on behalf of the

0:22.9

men and women making podcast here.

0:24.8

And the men and women at Davy Federal Credit Union, big shout out to our troops.

0:28.7

Let's go sack some pedgments, peeps.

0:31.0

I guess you should have called.

0:32.5

I did call earlier when using the phone.

0:36.4

Earlier, when was that?

0:38.3

Or later, when then I left a message.

0:42.3

A message? What number did you call?

0:44.3

Two, four, nineer, five, six, seven, eight.

0:49.3

I can't hear you, you're trailing off.

0:51.3

And did I catch a nineer in there?

0:52.3

Where you're calling from a walkie- talkie? No, it's cordless.

1:00.2

Live from Joe's

1:01.7

Mob's basement, it's

1:03.6

the stacking Benjamin show.

1:05.7

Yeah. I'm Joe's mom's neighbor, Doug, and how much do you think your finances affect your social circles?

1:21.1

I think a lot. I mean, if it weren't for money, I wouldn't be part of this exclusive

...

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