Rearview Mirror Investing - Episode 135

Summary:

Most market expectations are based on information from the past. That alone won’t cut it anymore since we live in an economy that advances by nanoseconds with bots and bytes of information. In this episode Kim Butler and no B.S. money guy Todd Strobel sit down and talk about rearview mirror investing and share one of the key principles of prosperity.

 

Tune in to find out how to take control of your finances today. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!

 

Links in this Episode:

Get the free ebook and audiobook - Financial Planning has FAILED

Submit your questions hello@partners4prosperity.com

 

Show Notes:

00:00 Introduction

00:29 Today’s topic: Rearview Mirror Investing

00:56 “Pilots don’t use rearview mirrors” famous quote by Joel Weldon

01:47 Investing and trading happens in millionths of a second

02:58 Why the stock market did so well over the last 20 years

04:00 Why do you think we are so hung up on history as it relates to our investments?

04:21 Focus on what you can control

05:00 If you cannot control a particular marketplace you have no business investing in that company in the stock market

05:24 The reasons why Warren Buffett and Donald Trump win in the market

07:10 The 401k and baby boomers have completely changed the marketplace

10:09 The distinct difference between an asset that is growth oriented and an asset that is income oriented

10:41 Start your knowledge about the new economy in this free ebook Financial Planning has FAILED

12:50 Ask a question for the podcast hello@partners4prosperity.com