Animal Spirits Podcast Listener Mailbag
Dec 27, 2021
In this discussion, college planning expert Tony Steak shares his insights on crafting investment strategies for children's education. The conversation covers essential topics such as building an income-producing portfolio and the pros and cons of different investment options like ETFs and 529 plans. They also tackle the importance of choosing the right financial advisor and understanding the advisor-investor dynamic, especially during tough market times. Steak emphasizes strategic planning to secure children's financial futures while navigating gifting and investment processes.
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Total Return Investing
- Focus on total returns when planning for financial independence, not just income.
- Create your own dividends by selling assets if needed, rather than limiting yourself to income-producing investments.
Covered Call ETF Risks
- Covered call ETFs like QYLD offer high yields but sacrifice potential upside.
- They provide some downside protection but still carry significant volatility.
Bitcoin Excitement
- Much of the excitement surrounding Bitcoin is driven by stories of massive wealth creation.
- This price-focused excitement often fades when returns become muted.