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OG (aka The Other Guy from Stacking Benjamins) joins me to share the 8 Great Mistakes in Investing.
- 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 – the latest book by Zac Bissonnette. Amazing stuff! Purchase using this link will help Joe & OG over at Stacking Benjamins.
Ponda from the Honda
Thoughts that I have while driving my paid for (with CASH) used Honda Civic
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
ACORNS
Open 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
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