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
4.4 • 2K Ratings
🗓️ 3 April 2024
⏱️ 41 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
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Transcript
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| 0:00.0 | He's the type of guy. You get halfway home from the theme park before you're like, oh, where's Doug? |
| 0:06.1 | Oh, no, we have to go back. My wallet's in his fanny pack, so. Oh, do not feel bad for Doug. He's terrible. |
| 0:13.0 | Every time he tells a story somewhere, a child loses a balloon. |
| 0:26.8 | Live from Joe's mom's basement, it's the stacking Benjamin show. |
| 0:40.0 | I'm Joe's mom's neighbor, Doug, and on today's show, we're talking fees. |
| 0:47.6 | If using indexes for your investments is a proven winner, why is Wall Street obsessed with driving you toward other options? |
| 0:51.6 | We'll talk about investing strategy, advertising, and more. |
| 0:53.3 | But that's not all. |
| 0:56.7 | We'll also answer a call for help from a stacker who said, |
| 0:58.0 | I'd better call Saul. |
| 1:03.2 | C-I and OG with my burning financial planning question. |
| 1:04.9 | I think they might need a doctor for that. |
| 1:09.6 | And I'll also swoop in with some absolutely mind-blowing trivia. |
| 1:17.2 | And now, two guys who are ready to rock your financial planning world, it's Joe and oh, jej-j-j-j-j-j-j-j-j-j-j-h-j-h-h-h-h-h-h-h-h. |
| 1:24.3 | Hey, there, Stackers, and happy Wednesday after, I think we got got, oh gee, I think we got preempted on Monday. |
| 1:31.3 | What the heck? |
| 1:32.2 | It happens. |
| 1:32.9 | I don't think we can trust our staff. |
| 1:36.4 | We have trust issues. |
| 1:37.7 | I'm not sure we can trust the Stackers because you see all the great reviews. |
| 1:40.8 | Everybody's like, can we just get them, please? |
| 1:43.2 | I like the new edits you did to your show. |
... |
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