Intro

This chapter challenges conventional financial advice about 401(k) plans and promotes alternative investment strategies via brokerage accounts. It emphasizes the importance of personal finance customization, considering fees and tax implications.

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Episode notes

On today’s show, Trey sits down with Nick Maggiulli. Nick is the COO and Data Scientist at Ritholtz Wealth Management. He’s also the author of the popular blog OfDollarsAndData.com as well as his new book Just Keep Buying, which authors like Morgan Housel deem a “must-read.” Nick is an expert in reframing and debunking old financial rhetoric.

IN THIS EPISODE, YOU'LL LEARN:

01:25 - Why you actually might not want to max out your 401k.
09:13 - Why you shouldn’t try to “buy the dip.”
20:24 - Why you probably shouldn’t pick stocks.
27:35 - Nick’s case for bonds in today’s economy.
30:12 - How to buy during a crisis.
35:40 - Three reasons you should consider selling a position.
43:05 - Why even if you get rich you may never feel rich.
And a whole lot more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
OfDollarsAndData Blog.
Just Keep Buying Book.
SPIVA reports.
Nick Maggiulli Twitter.
Trey Lockerbie Twitter.

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