We Study Billionaires - The Investor’s Podcast Network TIP439: How to Buy Stocks During A Crisis w/ Nick Maggiulli
Apr 15, 2022
In this discussion, Nick Maggiulli, COO at Ritholtz Wealth Management and author of 'Just Keep Buying', dives into the reality of investing during economic downturns. He challenges common financial wisdom, suggesting you might not want to max out your 401k or try to 'buy the dip'. Instead, he emphasizes the strength of bonds in today’s market. Nick also explores why stock picking might not be the best strategy and shares insights on feelings of wealth—hinting that getting rich doesn't always equate to feeling rich.
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401k Contributions
- Contribute enough to your 401k to get the full employer match.
- Consider a well-managed brokerage account for additional savings if you are disciplined.
Roth vs. Traditional
- Consider a Roth early in your career if you anticipate higher future earnings.
- A combination of Roth and traditional accounts offers flexibility.
Future of College
- College costs may not continue rising indefinitely due to changing perceptions of value.
- Alternative education models like income sharing agreements may gain traction.
