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Money Guy Show

Top 5 World's Strangest Investments You Need to Avoid!

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Investing, Education, Business

4.73.1K Ratings

🗓️ 9 April 2021

⏱️ 59 minutes

🧾️ Download transcript

Summary

Understanding history can keep you protected as you move into your future. After years of working in the financial space, we see trends in the investment world. With a desire to build wealth fast and a fear of being left behind, we've watched the public jump on the latest investment trends, often leading to severe disappointment. When one financial frenzy or "hot dot" investment fades into the past, a new trend never fails to replace it. What causes these financial frenzies, what can we learn from them, and what might that "hot dot" investment be today? Let's learn to recognize these bubbles, both past and present. Your wallet will thank you. For more information, visit: https://www.moneyguy.com/2021/04/worlds-strangest-investments-you-need-to-avoid/(opens in a new tab) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

The five strangest investments you need to avoid.

0:05.0

It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,

0:11.8

investing, taxing.

0:13.7

You've got financial questions, he's got financial answers.

0:17.4

It's Brian Preston, the money guy.

0:20.8

Brian, I am super excited about this show because one of the things we always like to make

0:25.2

sure we equip you guys for are things not to do with your money or how to protect yourself

0:29.9

or how to avoid catastrophe.

0:32.4

So we thought maybe we would share some unique and strange investments through history

0:38.4

that perhaps if you understood your history, would keep you protected as you move into your future.

0:43.4

I think anybody who does something long enough, you start spotting trends.

0:48.0

So you start noticing similarities to things and you guys look, I had a listener who came

0:53.6

and did a tour in the last week's of Brian quit playing up that you're old because you're

0:57.6

not old.

0:58.6

If you're old, I'm really old.

1:00.1

So I know I'm not old, but I have been around long enough in my third decade of managing

1:06.0

money, investing and helping others make good decisions.

1:09.9

And what I'm noticing is there's trends that yes, the packaging is different.

1:14.8

Yes, the technology is different, but it's still the same pet rock wrapped up into the

1:20.6

box that's being sold to the masses.

1:23.5

And we kind of want to share with you some historic frenzies or things.

1:28.0

People have gotten excited about when they started throwing their hard earned money at.

...

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