How do otherwise incredibly savy investors that dive into every aspect of investment and love crypto, completely overlook some of the extremely high fees you pay? I get a question for you about investor psychology. You know, it's really interesting. There are people who will decline to buy a two dollar cococola at chipoley. It gives them the psychological sense that they have made a financially responsible decision. But these same people will not review their home or car insurance premiums. They won't add weather stripping and calking to increase the energy efficiency of their home. And so that salience causes us to overweight the significance of a daily cup of coffee while underweighting the significance of these invisible dr
#366: Micheal’s parents just sold their home to pay off debt and fund their retirement. How should he invest the profits?
Ryker would like to understand what it would take for cryptocurrency to be considered as a good investment option for a diversified portfolio.
Megan has qualified for her employer's 401k and needs help deciding between investing in a Roth 401K and a Roth IRA.
In today's episode, former financial planner Joe Saul-Sehy and I tackle these tough questions.
Do you have a question on business, money, trade-offs, financial independence strategies, travel, or investing? Leave it here and we’ll answer them in a future episode.
Enjoy!
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