Whether you’ve been investing for a week, for years, or anything in between, it’s always a good idea to keep the fundamentals in mind. BUT….on the other hand, we love to have fun, and it’s Friday after all! That’s why today we’re treating you to a Stacking Benjamins game-show version of “Guess the 10 Habits to Become a Better Investor!” We pulled a piece from M1 Finance listing their top 10 habits, and on this episode we’ll quiz our contributors on which strategies made the list. Not only do you get great investing tips from each of our three contributors, you’ll find yourself laughing so much you won’t realize you’ve learned a thing… until it’s too late. Playing the game-show with us, we welcome Don McDonald from TalkingRealMoney.com, Paula Pant from Afford Anything, and Len Penzo from the LenPenzo.com blog.
Think it’s too late to make a career change?
After we crown our game-show champion, we’ll talk big career moves with the Evil HR Lady, Suzanne Lucas. Are you anxious about making an industry change? Think you’ve sunk too much time to make a move for your happiness? We’ll talk sunk costs (both monetary and emotional), following your happiness, and the realities of leaving behind a career you’ve spent a considerable amount of time in – and the truth is probably brighter than you think.
What should you do with you investments when you have large upcoming purchases?
We’ll finish our show today with a MagnifyMoney question from caller Debi, who tells us that she’s looking to buy a home or condo in the next few years. She would like to acquire a few more properties after that and start to rent them out for passive income. Plus, she has a $10,000 savings bond that will mature in August 2021, along with another $10k each in savings and Robinhood. Our contributors give Debi some much earned congratulations and advice on how to best position her money in the mean time.
As always, we’ll save some time for Doug’s trivia.
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M1’s article on investing habits for today’s game-show:
Game-show Contestants Round table Contributors
A big thanks to Don for hanging out with us today! You can hear more from Don on his podcast at TalkingRealMoney.com, or wherever you already subscribe to Stacking Benjamins.
Check Out Paula’s site and amazing podcast: AffordAnything.com
Follow Paula on Twitter: @AffordAnything
Want more Len Penzo greatness? Follow his blog!: LenPenzo.com
Say hello to Len on Twitter: @LenPenzo
Friday Fintech: Suzanne Lucas: The Evil HR Lady
A big thanks to Suzanne Lucas for always being our resident HR wizard! You can find more tips, stories, and HR lessons over at EvilHRLady.org
- How old was John Bogle, the founder of The Vanguard Group, when he passed away in 2019?
- Debi calls in and tells us she wants to buy a house or condo in the next few years to rent out. She has some savings and investments in Robinhood (along with maxing out her government TSP account). Debi asks: what should she be doing to make sure she gets her rental properties?
Written by: Richie Rutter-Reese
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