Morgan Housel: How to Cure the Investing Disease of Fear and Greed - 182

Your Money, Your Wealth

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

2.3 • 681 Ratings

🗓️ 14 August 2018

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

Morgan Housel (Collaborative Fund, former Wall Street Journal and Motley Fool) offers practical ways to determine your actual risk tolerance and perhaps help avoid the investing disease of fear and greed. And, listen to find out where you fall on Morgan’s spectrum of financial dependence to financial independence. Plus, should you invest in a hybrid fixed indexed annuity? Is an indexed universal life insurance policy right for you? Transcript and show notes at http://bit.ly/YMYW-182

Transcript

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0:00.0	When a lot of investors think about how much risk they can take as an investor, they often try to forecast how they think they would feel in a hypothetical future situation.
0:10.1	So sitting here today, they try to say, how would I feel the stock market fell 30%?
0:14.6	Would I be okay with that? Would that scare me?
0:16.6	And then they try to set up your investment portfolio around that projection of how they think they would feel.
0:21.6	There's a lot of evidence when people do that.
0:23.7	They're not actually accurately projecting how they would feel in that situation.
0:27.8	They're more or less extrapolating how they feel today.
0:29.9	From Collaborative Fund, that is one of the best finance writers in the country, former Wall Street Journal and Motley Fool columnist Morgan Housel.
0:38.6	Today on Your Money, Your Wealth, Morgan offers practical ways to determine your actual risk
0:43.3	tolerance and perhaps help avoid the investing disease of fear and greed. And listen to find out
0:49.1	where you fall on Morgan's spectrum of financial dependence to financial independence.
0:56.0	Plus, should you invest in a hybrid fixed indexed annuity? Is an indexed universal life insurance policy right for you? Well,
1:01.7	now we got a guy. Joe Schweiger CFP joins us today to answer your questions. Now, here are two guys
1:08.1	who are entirely dependent on those two guys for everything of value in today's show.
1:13.1	Joe Anderson, CFP, and Big Al-Clobine CPA.
1:17.7	Alan, you know what time it is, right?
1:19.8	It's that time to talk to somebody way smarter than us.
1:22.8	Way.
1:23.4	Way.
1:23.9	I'm super excited this week.
1:25.6	Yes, me too.
1:26.9	Oh, we got Morgan.
	...

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