When Diversification Is Better, But Works Against You
The Stacking Benjamins Show
Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP
4.4 • 2K Ratings
🗓️ 16 October 2019
⏱️ 62 minutes
🧾️ Download transcript
Summary
This year, diversification may have COST you money, as it has many college endowment funds. We'll dive into that topic and three more in our first-ever show that's mostly headlines ripped from the popular financial press! We'll tackle headlines from NPR, CNBC, Marketwatch, and more, including our lead-off story that asks, could your retirement fun be ruining our economy? Also, nine American families living abroad have reported that their life savings, stowed away in a bank, had vanished. Will the bank reimburse their money? Finally, we'll talk about pensions. GE has frozen pensions for over 20,000 employees, and many more are eligible now to take their funds as a lump sum. How does that work? We'll detail all of the factors you need to consider, on today's show.
After a little dose of Doug's trivia, we'll throw out the Haven Life Line to Jan calling all the way from Germany, who says first, that we are awesome, and second, about diversification between accounts. Should he also invest in multiple currencies?
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Transcript
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| 0:00.0 | You know in today's world seems like the best treatments reserved only for a few. Well, |
| 0:04.4 | Discover wants to change that by making everyone feel special. That's why with your Discover card |
| 0:09.7 | you have access to 24-7 live customer service as well as $0 fraud liability, which means you're never |
| 0:16.5 | held responsible for unauthorized purchases. Finally, no matter who you are or where you |
| 0:21.6 | are in life, |
| 0:22.6 | you'll feel special with Discover. |
| 0:24.6 | Learn more at Discover.com slash credit card. |
| 0:27.4 | Limitations apply. |
| 0:29.8 | Take a deep breath. |
| 0:31.8 | Relax. Inhale through your nose and exhale through your mouth. Sit back and close and close your eyes. Gradually release the tension, starting from your toes, working |
| 0:50.1 | up your legs to your pelvis and from your fingertips slowly up your arms to your |
| 0:58.0 | shoulders. The Stacking Benjamin's show, no matter how bad it gets, is your favorite podcast. |
| 1:09.5 | I will count backwards from three, and when I snap my fingers, you'll be overcome with delight |
| 1:17.1 | at hearing the start of this episode. |
| 1:21.1 | Three, two, one. |
| 1:25.0 | One. |
| 1:26.0 | Live from Joe's Mom's Basement, |
| 1:32.0 | Live from Joe's Mom's basement, it's |
| 1:50.5 | appropriate right at the top of the show to take a minute to thank Joe's mom for being the bestest boss a guy could have. |
| 1:58.0 | Trust me, that woman is bossy. She's really good at it. |
| 2:02.0 | So because there can be no... Bossie, she's really good at it. |
| 2:02.6 | So because there can be no bigger star today, |
... |
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