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Your Money, Your Wealth

Michael Batnick: The Best Investors and Their Worst Investing Mistakes - 178

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

🗓️ 17 July 2018

⏱️ 47 minutes

🧾️ Download transcript

Summary

Even the best investors make terrible investing mistakes. Michael Batnick talks about his new book, Big Mistakes: The Best Investors and Their Worst InvestmentsPlus, should you sign up for Medicare, and which parts? And, Big Al’s got 5 smart ways to collect more Social Security benefits, and the fellas answer the question, can you still take a lump sum from those benefits to buy a red Ferrari? Transcript and show notes at http://bit.ly/YMYW-178

Transcript

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0:00.0

these lessons that I highlighted was not so that, hey, Buffett did this, don't do that.

0:04.7

It's even Buffett did this. You're not going to be perfect. Your record will have blemishes.

0:10.0

It's all part of it. However, if you are going to make mistakes and we all know that we are,

0:14.2

how do you put yourself in a position to not be crippled by them to not develop the mental scar tissue,

0:19.1

to live to fight another day, it's not really

0:21.0

blow a hole in your retirement.

0:22.5

That is Michael Batnik, author of Big Mistakes, the best investors and their worst investments.

0:28.2

Today on Your Money Your Wealth, Michael shares the investing blunders of Warren Buffett,

0:32.3

Jack Bogle, Mark Twain, and more, and what we can learn from them.

0:35.9

By the way, make sure you don't blow up your

0:37.6

retirement. Click special offer at Your Money, Your Wealth.com, and download our quick retirement

0:42.3

calculation guide for free. Spend 10 minutes to see if you're on track for the rest of your life.

0:47.3

Plus, should you sign up for Medicare and which parts? And Big Al's got five smart ways to

0:51.9

collect more Social Security benefits. And the fellas answer the question, can you still take a lump sum from those benefits to buy a red Ferrari?

0:59.2

Now here are Joe Anderson's CFP and Big Al Clopine's CPA.

1:03.7

Super excited here today.

1:05.3

Can't wait, Joe.

1:06.2

We got Michael Batnikon, the irrelevant investor.

1:10.0

You've got to check out the irrelevant investor.

1:11.8

It's a wonderful blog and one of the best podcast hosts besides you.

1:16.9

Better than us?

1:17.9

No, way better. Way better than us.

...

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