Q&A: Why Smart Investors Are Questioning VTSAX and Chill

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.7 • 3.6K Ratings

🗓️ 20 December 2024

⏱️ 82 minutes

🔗️ Recording | iTunes | RSS

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Summary

#568: Jason is confused by the recent discussions about the efficient frontier and Paul Merriman’s four-sector strategy. It seems a lot like another form of stock-picking. What’s the difference? Michelle straddles the Roth income threshold and is frustrated that she never knows if she’ll qualify for a Roth contribution until tax season. Is her current savings plan too complicated? Evan has $100 to spend on personal finance books for his high school’s library. What books would Paula and Joe put on this limited shelf space? Former financial planner Joe Saul-Sehy and I tackle these three questions in today’s episode. Enjoy! P.S. Got a question? Leave it here. For more information, visit the show notes at https://affordanything.com/episode568 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Joe, I think we took the internet by storm.
0:02.1	We did.
0:03.1	Yeah, it was when you came out guns blazing about VTSAX and chill, how that has been the dominant
0:10.2	thinking in the personal finance space and it needs to end.
0:14.4	Well, in one corner of the personal finance space.
0:17.0	Yes, exactly.
0:18.6	The fire space.
0:20.1	And you know what?
0:20.8	I said it politely.
0:21.7	How many times, Paula?
0:22.7	So I just finally, I'm sorry, I lost it.
0:27.0	Gloves off, gloves off.
0:28.6	All right, well, we're going to talk about that today.
0:31.1	Oh, no.
0:31.8	Because we've got questions that have come in from this community.
0:36.5	And the first question that we're going to tackle is about what to do if you were not VTSAX and chilling.
0:43.2	Oh, that's interesting.
0:45.1	We're also going to talk about Roth IRAs.
0:48.0	And we are also going to discuss at the very end.
0:50.6	This is a really nice closer, especially around the holidays.
0:54.0	What if you had $100 to spend on
0:56.0	personal finance books, what would it be? What would you get? And not even for you, for other people.
	...

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