What’s the key to success with investing? This game is actually far easier than many think it is. Nick Maggiulli is known as the Dollars and Data guy on Twitter, but today he talks about how more data actually nearly sank him as a new investor. It turns out that over-optimization might hurt you in the long run. He shares the top 3 reasons why you should invest and even gives ideas on how to increase your income so you can save more.
During our headline segment, we’re talking about the important f word…fiduciary. What is it and why is it important? And why is Robinhood in hot water because of it? We’ll explain it all. We’ll also help answer Chris’ question about sharing bank accounts with your spouse. And Doug will share his trivia.
- Massachusetts judge strikes down state’s fiduciary rule (Investment News)
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Big thanks to Nick Maggiulli for joining us today. Visit his website and Twitter feed for more. Also grab a copy of his book Just Keep Buying: Proven Ways To Save Money And Build Your Wealth.
- In March of 2020, when the U.S. stock market was down about 33% from its recent high, Nick asked Twitter how long they thought it would take for the market to recover. What was the most popular prediction?
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- Chris wants to know the pros and cons to sharing bank accounts with your spouse and having separate accounts.
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Written by: Brooke Miller
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