The 8 Great Mistakes of Investing. Also, Fractional Savings Accounts
Failed to add items
Add to Cart failed.
Add to Wish List failed.
Remove from wishlist failed.
Adding to library failed
Follow podcast failed
Unfollow podcast failed
The 8 Great Mistakes of Investing. Also, Fractional Savings Accounts
-
Narrated by:
-
By:
About this listen
#198: OG (aka The Other Guy from Stacking Benjamins) joins me to share the 8 Great Mistakes in Investing
Full show notes at https://moneyplansos.com/8-great-mistakes-of-investing-and-fractional-savings-accounts/
The 8 Great Mistakes of Investing are:
- Under-diversification
- Over-diversification
- Euphoria
- Panic
- Leverage
- Speculating
- Investing for yield and not total return
- Cost basis dictating decision
Thanks to OG for coming over. You can find him at http://StackingBenjamins.com - my favorite podcast.
Also mentioned in this episode:
The Great Beanie Baby Bubble by Zac Bissonnette. Amazing stuff! Here's the Stacking Benjamins affiliate link: http://amazon.com/dp/B00INIXVPW/?tag=thefreefinanc-20
__________________________________________________
Steve Stewart's Budget Coaching Course on video: Http://moneyplansos.com/start
__________________________________________________
Ponda from the Honda: SPEND IT ALL (sort of)
__________________________________________________
Fractional and Automated Savings Accounts - are they a good idea?Deanna Richardson from Richardson Accounting and Consulting, PLLC @ theCPA-4U.com asked
“Have you heard of Digit? Seems like a great way to build up an emergency fund and....it says it is free. Then their are bonuses for keeping $100 in it over 3 months. If I did my math right, the bonuses are over 2.5% interest (5 cents / week per $100). Would love to hear what you think.”
I tackle these new fractional, or automatic, savings accounts: Acorns, Digit and Betterment’s SmartDollar
Links:
ACORNSOpen an account: https://www.acorns.com or install the free IOS or Android app
Listen to my interview with the creators of Acorns http://SteveStewart.me/161
DIGIT
Open an account: https://digit.co
Testimony from Paula Pant (which kinda concerns me) http://blog.digit.co/post/126333490654/we-are-digit-featuring-paula-pant-meet-our
BETTERMENT'S SMARTDEPOSIT
Open an account: http://moneyplansos.com/betterment
More information: https://www.betterment.com/resources/inside-betterment/product-news/smartdeposit-auto-deposit-but-smarter
______________________________________