The Best Investment

Stay Wealthy Retirement Podcast

Taylor Schulte, CFP®

Financialplanning, Retirement, Money, Taxplanning, Stocks, Wealth, Business, Investing, Retirementplanning

2.4 • 606 Ratings

🗓️ 26 July 2023

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What separates a good investment from a bad one?

How do you evaluate different investment options?

Why are some very well-known metrics flawed and problematic?

I'm answering these questions + sharing a personal story that caused me to change my approach when giving opinions about different asset classes.

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Transcript

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0:00.0	I strongly believe that residential real estate is a bad investment. I just think that most people
0:06.1	underestimate the cost of buying, owning, and maintaining a home and fail to take those sizable costs
0:12.4	into consideration when calculating their total return. Factor in your time, the headaches, and the
0:18.2	stress that homeownership can cause, and it's just hard for me to make
0:21.4	a good case for this asset class. My wife is well aware of my feelings about real estate. And
0:26.2	while on a long drive recently, she decided to dig a little deeper. And she asked to learn more
0:31.6	about why I thought real estate was such a bad investment. You see, she has some good friends who
0:37.1	primarily invest in real estate. And they often share with her what a bad investment. You see, she has some good friends who primarily invest in real estate, and they often share
0:40.1	with her what a great investment it's been.
0:42.5	In fact, they tell her that they're actively trying to save more money so that they can
0:47.2	buy more real estate.
0:49.0	What am I missing?
0:50.2	She asked, why do you feel like it's such a bad investment while others I know suggest that
0:55.1	it's the best investment they've ever made. Welcome to the Stay Walthy podcast. I'm your host,
1:00.0	Taylor Schulte, and today I'm talking about evaluating our investments, what separates a good
1:05.7	investment from a bad one, and why some very well-known performance metrics and formulas
1:10.7	are problematic.
1:12.1	To grab the links and resources mentioned in today's episode, just head over to
1:15.6	you staywealthy.com forward slash 191.
1:22.1	Warren Buffett didn't achieve billionaire status until the age of 56.
1:26.2	In fact, 99% of his current net worth
1:29.4	was earned after his 50th birthday. Successful investing requires time and patience. It also requires
	...

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