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The Stacking Benjamins Show

Stop Being Your Own Investing Worst Enemy (with Dr. Daniel Crosby)

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

🗓️ 28 November 2018

⏱️ 61 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.   Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

DelSugger Monday events, their biggest sale of the year, shop limited time deals on laptops like the stylish innovative XBS 13 engineered to do it all on the Intel Evo platform.

0:11.0

Plus, say big on ultra- sharp monitors and top brand accessories shop now at

0:15.6

Dell.com slash deals to take advantage of huge savings and free shipping again

0:21.1

that's Dell.com slash deals.

0:26.0

Hey this is Pete the Planner USA Today Money columnist and host of the Ask

0:32.0

the Planner podcast.

0:34.0

When I'm not fixing the weirdest financial situations you've ever heard of, I'm stacking

0:39.0

Benjamin Show. I'm Joe's mom's neighbor Doug and on today's show.

0:59.3

I'm Joe's mom's neighbor Doug and on today's show

1:01.6

we're asking the question could it be that

1:04.0

you're your own worst enemy when investing here to explore that we welcome the

1:08.8

man behind the book the behavioral investor Dr Dr. Daniel Crosby.

1:13.6

In headlines, Morningstar has just completed a report

1:16.7

on the health savings account landscape.

1:18.8

Here to talk about the good, bad, and ugly in HSAs,

1:22.4

we welcome from Morning Star Leo Acheson.

1:25.6

We'll also throw out the Haven Lifeline to a lucky listener and

1:29.1

Still share some of our best trivia since

1:32.4

Well, well Monday.

1:34.0

And now, two guys who Joe's mom describes as their own worst enemies,

1:38.0

Joe and O, J, J, J, J, J, J, J, J, J, J, J, J, J, J, G. Oh, j-j-j-j-j-j-g!

1:45.0

I'm my own worst enemy when it comes to Thanksgiving leftovers.

...

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