The Future of Investing (is now!)

The Stacking Benjamins Show

Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP

Education, Business, Money, Investing, Financial Planning, Cfp, Personal Finance, Retirement

4.4 • 2K Ratings

🗓️ 20 July 2022

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the 1940's mutual funds helped the average investor achieve what rich people had known for a long time: that diversification can save your net worth from ruined. In the 1990s exchange traded funds began to trade in serious volumes, with the pace only accelerating. Where do we go from here? Rich Compson, the Head of Managed Accounts at Fidelity Investments joins us to share a solution he and others have been working on. It's a revolutionary way to think about your investment portfolio, offering insane personalization and the ability to be more proactive with tax planning and management. Is it the next thing? We don't know, but we DO know that Rich joins us and shares all the details. In our headline segment, we start by talking about popular "finfluencers" on social media and how their messages help bring everyone to the discussion of personal finance. But how much should you rely on the advice of these online "experts"? We share a few examples of how things can go very wrong and what to look out for when taking financial advice. We also answer Annaliese's question about beneficiaries on her 401k and Doug shares his trivia. Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hello there, Peabody here, and this is the way back machine we're traveling through time, and this is my boy
0:07.0	Sherman. Speak Sherman. Hello. Good boy
0:15.6	Live from Joe's mom's basement. It's the stacking Benjamin show
0:30.4	I'm Joe's mom's neighbor Doug, and you may have heard of ETFs, but have you heard of ETFs gone wild?
0:37.1	Today, to talk about the new new thing in trading, we welcome the head of managed accounts at
0:42.4	Fidelity Investments, Rich Thompson. In our headlines, we'll dive into the world of personal
0:48.4	finance influencers. Plus, we'll throw out the Haven Lifeline to Annalise, who's wondering
0:54.0	about how to decide who gets to be her 401k beneficiary. I'm assuming the leverage for more
1:00.7	breakfast and bed, and then we'll check out my hot new trivia. And now two guys who were helping
1:08.3	you stack Benjamin's before it was cool. Joe, and oh, j-j-j-j-j-j-j-j.
1:18.5	Hey there, stackers. I'm Joe Salsi. I average Joe money on Twitter and across the card table from me.
1:24.0	The guy helping you bring it home, like helping the old lady cross the street, or whatever.
1:31.6	It's Mr. Mr. OG. It was like, that was like listening to you trip and fall across the street.
1:39.9	I think I did. I think I got ran over halfway through that sentence. How are you?
1:45.0	Well, it's happening. You know, I don't even know how to reply, so what's happening?
1:50.4	We're going to talk about the new new thing, OG. Remember when you began as a financial planner
1:55.1	in ETFs, where the new new thing? I do, yes. Well, now Rich Compson from Fidelity is here to talk
2:02.7	about his direct investing, the new new new thing. Doug thinks this speedo, apparently, that he's
2:09.2	wearing at the table, is the new new new thing. And I'm saying it's not. I think it's not.
2:14.5	Summertime. You come from the pool to record a podcast. That's just how we roll.
2:18.5	We've got that. We've got a great headline. So let's get moving. But first, this time of
2:24.1	year, so busy, got back from podcast movement conference and going to a couple national parks,
	...

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