Q&A: Forex Trading, Peer-to-Peer Lending, & Cashing-In on RSUs

Jan 23, 2025

Dive into the world of investment with a lively Q&A session tackling pre-IPO stock sales and auto loan refinancing. Discover smart investing strategies that critique high-cost options while emphasizing Roth IRAs and index funds. Navigate through peer-to-peer lending risks and safer investment alternatives, while exploring the promising sectors like humanoid robotics. Learn essential wealth management tactics for stock options and auto loan refinancing, and grasp the importance of total ownership costs for major assets. Gather insights on building a solid financial foundation!

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ADVICE

Avoid IULs

Avoid Indexed Universal Life Insurance (IULs) due to high fees and commissions.
Surrender any existing IULs and reinvest the cash value into a traditional brokerage account.

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ADVICE

Investment Advice for Sakura

Max out your Roth IRA contributions every year.
Invest in cryptocurrency and consider opening a traditional brokerage account.

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ADVICE

Avoid Forex Trading

Avoid foreign currency trading if you lack expertise.
Invest in established companies or index funds over the long term.

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Smart Investing Strategies

01:42 • 8min

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Navigating Investments: Risks and Opportunities

09:17 • 15min

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Strategic Wealth Management and Loan Refinancing

24:40 • 7min

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Understanding Ownership Costs and Financial Strategy Insights

31:29 • 3min

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Building a Financial Foundation

34:29 • 11min

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In this week's episode of the Rich Habits Podcast, Robert Croak and Austin Hankwitz answer your questions!

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❓ Ask us questions for our Q&A episodes – @richhabitspodcast on Instagram

📬 Inquire about working together – christian@witz.vc

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Disclosure: A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. As of 1/23/25, the average, annualized yield to worst (YTW) across the Bond Account is greater than 6%. A bond’s yield is a function of its market price, which can fluctuate; therefore, a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠Fee Schedule⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. See⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://public.com/disclosures/bond-account⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more.

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