Why Do You Need To Understand Financial Markets? With Marc Levinson - 180

Your Money, Your Wealth

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2.3 • 681 Ratings

🗓️ 31 July 2018

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Marc Levinson, author of The Economist Guide to Financial Markets: Why They Exist and How They Work explains how understanding financial markets can help you make fewer investing mistakes and improve everything from your home to your job to your portfolio. Plus, what does Tax Reform 2.0 have in store for us? What to do with a few extra bucks before they burn a hole in your bank account? Can you avoid taxes on an inherited annuity? Do SEP IRA's have ERISA protection from creditors, “like the OJ stuff?” Joe Anderson, CFP® and Big Al Clopine, CPA have some answers. Transcript and show notes at http://bit.ly/YMYW-180

Transcript

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0:00.0	The stock market is now dominated by computers trading massive volumes of securities based on some equation, basically an algorithm.
0:12.0	So it has nothing to do necessarily with this morning's news in the paper.
0:16.0	So you need to think about the investment decisions you're making in the context of markets that are now
0:21.8	extremely large, very much computer-driven, and very volatile. There may be risks there that
0:27.8	were not there a few years ago because of the way the market's structured. It is not our
0:32.4	parent stock market any longer. That's economist Mark Levinson, author of The Economist Guide to Financial Markets.
0:39.2	Today on Your Money, Your Wealth, Mark explains how understanding all the financial markets
0:43.3	and how they've changed over the years can help us make fewer investing mistakes and can
0:48.2	improve everything from our homes to our jobs, to our portfolios. Then the fellas discuss what
0:53.6	tax reform 2.0 has in store for us.
0:56.3	How about paying for K through 12 apprentice fees and repaying student loan debt with your 529 plan?
1:02.7	More on that coming up. Plus, what should you do with a few extra bucks before they burn a hole in
1:07.9	your bank account? How can you reduce taxes owed on an inheritance?
1:11.8	And how do you protect your retirement savings from creditors like the OJ stuff?
1:16.4	Here with the answers are Joe Anderson's CFP and Big Al Clopine CPA.
1:21.0	It's that time of the show where we get someone that is extremely more educated than I could
1:26.6	ever dream of.
1:28.0	Mark Livingston's on the line here.
1:30.1	He's an independent historian, economist, and journalist.
1:32.9	He was formerly financing economics editor for the economist in London and spent a decade
1:37.9	working with institutional investors as an economist for J.P. Morgan Chase in New York.
1:43.7	His latest book is The Economist Guide to Financial Markage, which has been issued in its seventh edition this week, has become a basic resource for individual investors around the world. His website is marklivingson.net. That's M-A-R-C-M-Livingson.net.
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