What can we learn from market wizards, the name Jack Schwager gives to traders who routinely beat the index? Even if you aren’t trying to trade the market, but instead want to just be competent, you can learn a ton. Jack Schwager has studied the best and brightest in the industry for years and today we talk to him about patience, discipline, love of the game, and more. You can use ALL of these ideas to be a better investor, even if, like most of us, you’re a member of the buy-and-hold tribe.
Plus, in our headlines segment, how hard is it to get your will done? Our engineer extraordinaire, Steve Stewart, just finished his. Joe and OG ask him about how and why he completed his plan, and how difficult it was. Plus, popular streaming service Netflix is raising fees again. What should YOU be thinking about when it comes to your entertainment options? We’ll use this price increase as an excuse to nerd out on fees. And speaking of nerds, we’ll also throw out the Haven Life line to Peter, who wonders about his investment strategy, and of course, we save time for Doug’s amazing, post-election trivia. Enjoy!
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- A big thanks to our amazing engineer Steve Stewart for sharing his experience with getting his will done. Are you looking for professional sound editing? We love Steve! You can get in touch at his site: SteveStewart.me
Jack D. Schwager
A big thanks to Jack for talking with us today. You can find more from Jack at JackSchwager.com.
Looking to become a Market Wizard yourself? Start with Jack’s book: Unknown Market Wizards
- What term on a net worth statement describes items of economic value to an organization?
- Peter calls in with a question about accessing retirement funds because of COVID. Peter knows him and his wife are eligible to withdraw up to $100,000 from their retirement accounts, but Peter’s wife has less than 100k in her account. Could Peter use some of his retirement account cash for his wife’s sake, or does the money have to come from her account specifically?
Want the guys to answer your question? You can call into the Haven Life Line and get your question answered on-air HERE.
Join Us Next Time!
The new 5% rule, the best college savings plans, and a new plan on the horizon promises to push required minimum distributions to 75… our Friday roundtable will cover it all. Don’t miss it!
Written by: Richie Rutter-Reese