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The Stacking Benjamins Show

Lessons From Some of The Biggest Investing Mistakes of All Time (with an intro to OneClass)

The Stacking Benjamins Show

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

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

4.42K Ratings

🗓️ 26 July 2019

⏱️ 69 minutes

🧾️ Download transcript

Summary

Everyone has made mistakes during their life. Lord knows, we've made our share. While we thankfully forget about a lot of the smaller mistakes we make, the larger mistakes tend to stay with us as lessons we can use to help us in the future. Learning from your own mistakes is great, but being able to learn from another person's mistakes and saving yourself some heartache is even better. Today we're giving you a free "head directly to Go and collect $200" card by sharing with you some of the WORST investing decisions of all time, as shared by one publication.

Halfway through the show, our roundtable discussion will take a break for our Fintech segment. With colleges opening up their doors for the fall semester soon, we'll focus on one company that's striving to improve student grades AND earn them some extra cash while doing it. Joe will sit down with Jerry Zheng from One Class, and get some detailed bullet points on just how the note-taking company works.

Plus, we'll answer a voicemail from K during our Magnify Money segment. K wants to get into real estate and is looking for ways to save for a down payment. While lowering her contributions to her retirement accounts make the most sense to her the idea still makes her cringe. What if she never finds a buying opportunity and misses out on money she could have been earning? Thoughts?

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Transcript

Click on a timestamp to play from that location

0:00.0

Good evening. I'm Ron Burgundy, and this is what's happening in your world tonight.

0:09.0

Live from Joe's Mom's Basement. It's the Stacking Benjamin Show.

0:19.0

I'm Joe's Mom's neighbor Doug, and on my calendar, it's all or nothing day.

0:28.2

So we're going all in on some of the worst investment decisions of all time.

0:33.3

Think you've made some doozies?

0:34.7

Well, you aren't the only one.

0:36.9

Here to celebrate with us, we welcome from Retirement Starts Today Radio, Benjamin Brandt.

0:42.5

Plus, from lendpenzo.com, it's Pete Rose.

0:46.8

Nah, he's got five to one odds.

0:49.1

We don't finish this show in under an hour.

0:50.9

It's just Len Penzo.

0:52.4

Plus, from this podcast, let's say hello to OG.

0:57.7

In our Friday FinTech segment, with colleges starting up again all over the world,

1:02.3

we welcome from a company helping students get better class notes from Oneclass.com,

1:08.3

Jerry Zhang.

1:09.5

Later, we'll take out the magnifying glass and answer a voicemail from a listener.

1:15.0

And I know what you're waiting for.

1:17.1

We'll take some time for some of my incredible trivia.

1:21.6

And now, a guy who always goes all or nothing in the latest board games. It's Joe Saw Siha.

1:34.0

You got to. I mean, we're always playing for keeps down here in the basement. And by the way,

1:38.3

if I don't go all in, OG's going to go all in. So I know, got to go first. Because if you're not first,

1:44.8

O.G., you're just the first loser, right? Second place is the first loser. That's right.

...

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