The Stacking Benjamins Show cover image

The Stacking Benjamins Show

Better Investing Using Horrible Investment Products (SB1662)

Mar 28, 2025
Paula Pant, a personal finance expert and host of Afford Anything, joins Jesse Cramer from Personal Finance for Long-Term Investors and financial guru Don McDonald. They dive into the pitfalls of poor investment products like infinite banking and penny stocks, revealing how they often lure investors into traps. The panel humorously contrasts gut feelings with hard data and sheds light on the complicated world of 403(b) plans for educators. Expect a mix of insightful advice and lighthearted trivia, making finance both informative and entertaining!
01:04:54

Podcast summary created with Snipd AI

Quick takeaways

  • Avoid investment traps like infinite banking and equity-indexed annuities, which often hide significant pitfalls behind alluring promises.
  • Be cautious with penny stocks as they can create a false sense of security and lead to substantial financial losses.

Deep dives

Understanding Small Business Insurance

Small business insurance is crucial for entrepreneurs, as it offers tailored coverage that protects their assets and operations from unforeseen risks. Companies like State Farm specialize in helping business owners select appropriate insurance plans, ensuring they are safeguarded during the various phases of their business journey. Seeking guidance from a local agent can provide valuable insights and support, helping entrepreneurs align their insurance choices with their specific business needs. This tailored approach allows business owners to focus on their passions while knowing their business is protected.

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