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You are here: Home / Podcast Episodes / 8 Great Mistakes of Investing and Fractional Savings Accounts

8 Great Mistakes of Investing and Fractional Savings Accounts

By Steve Stewart on August 28, 2015

8 Great Mistakes of Investing and Fractional Savings Accounts

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OG (aka The Other Guy from Stacking Benjamins) joins me to share the 8 Great Mistakes in Investing.

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  • 8 Great Mistakes of Investing and Fractional Savings Accounts
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8 great mistakes of investing

Under-diversification 

  1. Over-diversification 
  2. Euphoria 
  3. Panic 
  4. Leverage 
  5. Speculating 
  6. Investing for yield and not total return 
  7. 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)

IMG_4291


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

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