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Motley Fool Answers

Your Investing Lessons, Finding a Financial Planner, and Eye-Popping I Bonds

Motley Fool Answers

The Motley Fool

Taxes, Saving, Money, Investing, Planning, Retirement, Personalfinance, Finance, Education, Business

4.4823 Ratings

🗓️ 9 November 2021

⏱️ 35 minutes

🧾️ Download transcript

Summary

Alison and friends share some investing lessons from listeners, Bro interviews Sheryl Garrett, founder of the Garrett Planning Network, about finding the right fee-only planner for your circumstances, and we answer a listener question about I bonds and their current 7.12% yield.

Transcript

Click on a timestamp to play from that location

0:00.0

This is Motley Full Answers. I'm Alison Southwick, joined as always by Robert Brokamp,

0:07.7

personal finance expert here at the Motley Fool. In today's episode, I'm going to enlist the help of

0:12.3

a few fools to share the investing lessons that you, our listeners, have learned over the years.

0:17.8

And Bro interviews Cheryl Garrett, founder of the Garrett Planning Network, about

0:22.2

finding the right fee-only planner for your circumstances. And how to become a financial planner.

0:27.9

All that and more on this week's episode of Motleyful Answers. Well, a few episodes back, I asked

0:33.7

Motleyful analysts to share some of the stocks that taught them their biggest investing

0:37.5

lessons. And then I asked you, our listeners, to submit your own lessons learned, and you

0:42.2

responded. So I figured we might as well share those lessons with everyone. Our first listener

0:47.8

lesson comes from Rich. And who better to read it than our own rich here at the Motley Fool,

0:53.5

Rich Griefffner.

1:00.7

Here's my lesson from a stock I own. Don't buy stocks based solely on what you hear,

1:07.8

but it may be a good place to start. Classic Motley Fool disclaimer with some extra added on.

1:13.5

It was in part thanks to David Gardner's RBI five-stock samplers that led me to pick Mercado Libre when I did. I simply got tired of hearing how much it gained with each

1:19.5

sampler it was a part of. So I followed up with my own research and then started a small position.

1:26.4

Today, it is one of my top three holdings,

1:29.3

another reason why I'm grateful for the motley fool. Keep up the great work. You all are wonderful.

1:36.1

Foolishly rich. Next up, we have a lesson learned by Dan. So I asked our own Dan, Dan Boyd,

1:43.5

that is, to read it.

1:45.2

In the mid-1990s, my wife and I, in addition to our retirement and other savings,

1:51.0

had a modest brokerage account with a major firm, rhymes with Barrel Finch.

1:57.1

Our account was so robust that we were entitled to the grand sum of once yearly meeting

...

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