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The Stacking Benjamins Show

Simplifying Your Investment Strategy While Lowering Fees (plus a primer on ABLE Accounts) SB1498

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

🗓️ 3 April 2024

⏱️ 49 minutes

🧾️ Download transcript

Summary

The word is out on using low-cost investments over complex Wall Street strategies (and if you don't believe us, we'll quote SIGNIFICANT studies on today's show). Yet, new expensive products are built every day promising better/faster/more wealth. What do you need to know to simplify your strategy and stay the course? In today's headline segment we'll dive into diversification and keeping your portfolio simple. We'll share why it's important to question more complex strategies, and discuss solutions that wealthy investors truly are using to increase future income streams while keeping things low cost. We'll also shine a light on a popular investment manager who's working directly opposite the trend that we're suggesting, Cathie Wood of ARK Investments. We'll share the wild ride up and our thoughts on her recent issues and disastrous returns. We'll also take a call from James, wondering about ABLE accounts. These are wonderful tools for people with special needs who are diagnosed early in life, and can help individuals avoid significant taxes. How do they work? What do you need to know? We'll share. Of course, we'll also dive into Doug's amazing trivia question of the day, which shines a light on a high cost investment option: hedge funds...while saving time for a TikTok minute you won't want to miss. FULL SHOW NOTES: https://www.stackingbenjamins.com/all-about-fees-and-you-1498 Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201 Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Becoming a member at Navy Federal Credit Union can help you earn more and save more.

0:04.6

Their certificate options could earn you more than standard savings accounts with competitive rates.

0:09.9

Not all financial institutions offer you as many choices for savings options as Navy Federal does.

0:15.0

For example, you could start your savings journey with low minimum deposit, add money at any time,

0:19.4

and watch your savings grow.

0:21.5

Thanks to flexible terms, you can use Navy Federal savings options for all kinds of goals short or long term.

0:26.5

Considering a big home improvement project, maybe you want to consolidate debt.

0:30.6

It all starts Stackers with a debt strategy and then once you realize what the plan of attack is

0:37.1

Well then you could borrow up to a hundred percent of your home's equity with a fixed rate home equity loan with zero closing cost or easily borrow as you go with a home equity line of credit.

0:46.0

Both options could help make life's big expenses seem more manageable.

0:50.0

To learn more, visit navyf.org at Navy Federal, our members are the mission.

0:57.0

Navy Federals insured by NCUA, Equal Housing Lender, membership required.

1:00.7

Terms of Conditions Supply, Loan Subject to Approval.

1:03.0

This episode sponsored by State Farm.

1:06.0

You a small business owner looking for insurance that fits your needs and budget.

1:10.0

Well look no further than State Farm.

1:12.0

State Farm agents are not just insurance providers, they're also

1:15.3

small business owners who live and work right here in your community. They understand the

1:20.4

unique challenges of running and protecting a small business.

1:23.0

When it comes to small business insurance, State Farm knows what it takes.

1:28.0

Create a plan that fits your needs and your budget. State Farm agents are ready to help you choose personalized policies that truly understand

1:35.9

your business. Ensure your small business with a fellow small business owner. Talk to a State Farm

...

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