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Rich Habits Podcast
Q&A: Austin & Robert's Worst-Ever Investments, War Time Investing, and Solo 401(k)s
Apr 25, 2024
Investment experts Robert Croak and Austin Hankwitz answer listener questions on topics like wartime investing, worst investments, cryptocurrencies, Solo 401(k)s, car purchases, and Roth IRAs. They share insights on strategic investing, diversified growth, and the importance of due diligence. Recommended assets, trading platforms, and debt consolidation advice are also covered in this informative episode.
32:38
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Quick takeaways
- During times of war, focusing on diversification and quality stocks is advised over panic selling.
- Diversification and evaluation are key in cryptocurrency investing, with emphasis on core assets and emerging sectors for growth.
Deep dives
Managing Stocks during Uncertain Times
During uncertain times like the possibility of war, the advice is to hunker down and focus on diversifying investments to weather the storm. Selling stocks due to panic reactions or knee-jerk decisions is discouraged. Smart investors view market crises as opportunities to build wealth in the long term by holding quality stocks and not predicting company bankruptcy based on market fluctuations.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode