We begin our lives with the high expectations as gross stocks, then we end them as kind of value stocks. For some people, it's a great and poetic way, because what you say is absolutely right. You don't alwys make the things we want to in life. And like f you're being hard on yourself over not having half a million dollars by the time you were 30, so is everyone else who didn't have it. Is what life's about. My mamma used to say, too soon old, too late, smart. But the point is, as you get older, like 61, my age bracket, are the happiest people on the planet. I
Nick Maggiulli is a financial educator, author of the blog “Of Dollars and Data”, and the newly released book “Just Keep Buying: Proven Ways To Save Money And Build Your Wealth.” In this episode, we talk with Nick about the robust empirical research that has gone behind the insights and ideas presented in his new book! You can follow Nick on Twitter at https://twitter.com/dollarsanddata and buy his book at https://ofdollarsanddata.com/justkeepbuying/ Show Notes:
- Coming up with title of the book
- The save-invest continuum
- Is buying a house a good investment?
- Debt: Good or bad?
- On being shaped by our experiences
- One path the wealth creation?
- 2020 vs 2021 as an investment year
- Handling emotions during a bear market
- Importance of diversification
- The ideal asset allocation
- The Great Reshuffle
- The argument against stock picking
- Negative yield bonds
- Lump sum vs. DCA
- Index investors or momentum investors
- Life as a growth, and value stock
Books Mentioned:
- Just Keep Buying; by Nick Magguilli
- Security Analysis; Benjamin Graham
- The Intelligent Investor; Benjamin Graham
- Influence; by Robert Cialdini