Stop Being Your Own Investing Worst Enemy (with Dr. Daniel Crosby)
The Stacking Benjamins Show
Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP
4.4 • 2K Ratings
🗓️ 28 November 2018
⏱️ 59 minutes
🧾️ Download transcript
Summary
Ever think that you need to take decisive action to bring your investments under control? Ever wonder exactly what moves you should make the next time the market moves up or down? We've got you covered, because Dr. Daniel Crosby joins us to talk about how to avoid getting in your own way with your investments. We'll discuss exactly why decisive moves might not work, why your brain is horrible at investment decisions, and more. As always when we talk to Dr. Crosby, it's a fun, fast paced, and (shocker) educational interview.
Plus in our headlines segment, if you're an army reservist trying to get into the financial industry, we'll look at one company, LPL Financial, who's teaming up with the Army Reserve to give military members an opportunity to become financial advisors. Then, in our second headline, what's in store for the future of HSAs? We're taking a look at MorningStar's newly released report on the Health Savings Account landscape.
Then we'll throw out the Haven Life Line to Chuck. Can Chuck take out a Roth IRA loan if the rental home is in the Roth IRA? After we give some advice to Chuck, we'll still have time to answer a letter from Brooke. With a yearly raise of $1200, should Brooke put that money to their debt, which will be paid off in 18 months, or take advantage of their employer match?
Thanks to MagnifyMoney.com for sponsoring Stacking Benjamins. MagnifyMoney.com saves users on average $450 when they compare, ditch, switch and save on credit cards, student loan refinancing, checking, savings and more. Check out MagnifyMoney.com for your savings.
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Transcript
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| 0:00.0 | Hey, this is Pete the Planner, USA Today Money columnist, and host of the Ask Pete the Planner podcast. |
| 0:06.3 | When I'm not fixing the weirdest financial situations you've ever heard of, I'm stacking Benjamins. |
| 0:16.1 | Live from Joe's mom's basement, it's the Stacking Benjamin show. |
| 0:31.3 | I'm Joe's mom's neighbor, Doug, and on today's show, we're asking the question, |
| 0:35.2 | could it be that you're your own worst enemy when investing? |
| 0:39.5 | Here to explore that, we welcome the man behind the book, the behavioral investor, Dr. Daniel |
| 0:45.0 | Crosby. In headlines, Morningstar has just completed a report on the health savings account |
| 0:50.3 | landscape. Here to talk about the good, bad, and ugly in HSAs, we welcome from Morningstar Leo |
| 0:57.2 | Acheson. |
| 0:58.4 | We'll also throw out the Haven Lifeline to a lucky listener and still share some of our best |
| 1:03.7 | trivia since, well, Monday. |
| 1:06.3 | And now, two guys who Joe's mom describes as their own worst enemies, Joe and O, J-J-J-J-J-J-J-J-J-J-J-J. |
| 1:20.1 | I'm my own worst enemy when it comes to Thanksgiving leftovers. |
| 1:24.3 | I cannot stay out of my own way. |
| 1:26.5 | I've been trying to start my new workout program since January. Oh, since January. I cannot stay out of my own way. I've been trying to start my new workout program since |
| 1:28.6 | January. Oh, so since January. I thought you met like in the last week. Well, close to that in the |
| 1:36.1 | last 11 months. Close. Yeah. The good news is that I can end this struggle and I can start anew |
| 1:42.6 | in a few weeks from now. It's fantastic. |
| 1:44.7 | Just put this to bed and go, yep, miss that one. Miss that one. Another year. Yeah. Well, let's try this for the 22nd time. See if we can finally get this right. Hey, everybody. Welcome to the New Year's Resolutions Gone Bad podcast. I'm Joe Saul. see how I average Joe money on Twitter to cross her me, not the fake OG on Twitter. |
| 2:02.8 | It's the real the authentic the except no counterfeits |
| 2:07.8 | o g no no no wooden nickels none no no wooden oh gs and then that's that's not good that That's weird. Yeah. Sounds like a weird statue you pray to or |
| 2:20.9 | something. Yeah. You know, I say yeah. Like I'm not even listening because I'm searching for the |
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