The Investing Lie Wall Street Needs You To Believe - 114

Your Money, Your Wealth

Realestate, Income, Investing, Personalfinance, 401k, Rothconversion, Retirement, Education, Taxes, Socialsecurity, Personalfinances, Finance, Retirementplanning, Investments, Stocks, Business, Roth, Fiduciary, Ira

2.3 • 681 Ratings

🗓️ 15 May 2017

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

Larry Swedroe, author of "Think, Act and Invest Like Warren Buffett," explains Wall Street's passive investing lie and what kind of returns you can really expect. Plus, how he relates investing performance to Babe Ruth and Roger Federer. Also, 5 Things Parents Need To Teach Kids About Money from Jack Kosakowski, President and CEO of Junior Achievement, 10 Retirement Planning Moves To Make in your 20s, and a closer look at Donald Trump’s tax outline.

Transcript

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0:00.0	Wall Street, unfortunately, has totally misled the public into thinking that indexing or passive investing in a broader sense is going to get you average returns.
0:12.2	That's a complete lie that Wall Street needs you to believe.
0:15.6	That's Larry Swedro, author of Think, Act, and Invest like Warren Buffett and 14 other books on investing.
0:21.4	Today on Your Money, Your Welf, Larry tells Joe and Big Al what kind of returns you can expect with
0:25.7	passive investing, and how he relates investing performance to Babe Ruth and Roger Federer. We'll also
0:31.8	learn five things parents need to teach their kids about money from Jack Kozikowski, president and CEO
0:36.6	of Junior Achievement.
0:38.3	Ten retirement planning moves to make in your 20s, and we'll take a closer look at Donald
0:42.3	Trump's tax outline.
0:44.3	Now get ready for the sports analogies.
0:46.3	Here are Joe Anderson CFP and Big Al Clopine CPA.
0:49.3	Hey, you've heard of Michael Lewis, haven't you?
0:53.3	Michael Lewis, yeah, but I guess me who he is, I couldn't tell you. Have you heard of Michael Lewis, haven't you? Michael Lewis?
0:56.0	Yeah, but I guess he is.
0:56.6	I couldn't tell you.
0:58.2	Have you heard of Moneyball?
0:59.2	Yes.
1:00.3	Big Short?
1:01.1	Yes.
1:01.9	Flash Boys?
1:03.5	Yes, I've heard it.
1:04.4	I've seen the first two.
	...

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