#198: OG (aka The Other Guy from Stacking Benjamins) joins me to share the 8 Great Mistakes in Investing
Full show notes at https://moneyplansos.com/8-great-mistakes-of-investing-and-fractional-savings-accounts/
The 8 Great Mistakes of Investing are:
- Under-diversification
- Over-diversification
- Euphoria
- Panic
- Leverage
- Speculating
- Investing for yield and not total return
- Cost basis dictating decision
Thanks to OG for coming over. You can find him at http://StackingBenjamins.com - my favorite podcast.
Also mentioned in this episode:
The Great Beanie Baby Bubble by Zac Bissonnette. Amazing stuff! Here's the Stacking Benjamins affiliate link: http://amazon.com/dp/B00INIXVPW/?tag=thefreefinanc-20
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Steve Stewart's Budget Coaching Course on video: Http://moneyplansos.com/start
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Ponda from the Honda: SPEND IT ALL (sort of)
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Fractional and Automated Savings Accounts - are they a good idea?
Deanna Richardson from Richardson Accounting and Consulting, PLLC @ theCPA-4U.com asked
“Have you heard of Digit? Seems like a great way to build up an emergency fund and....it says it is free. Then their are bonuses for keeping $100 in it over 3 months. If I did my math right, the bonuses are over 2.5% interest (5 cents / week per $100). Would love to hear what you think.”
I tackle these new fractional, or automatic, savings accounts: Acorns, Digit and Betterment’s SmartDollar
Links:
ACORNS
Open an account: https://www.acorns.com or install the free IOS or Android app
Listen to my interview with the creators of Acorns http://SteveStewart.me/161
DIGIT
Open an account: https://digit.co
Testimony from Paula Pant (which kinda concerns me) http://blog.digit.co/post/126333490654/we-are-digit-featuring-paula-pant-meet-our
BETTERMENT'S SMARTDEPOSIT
Open an account: http://moneyplansos.com/betterment
More information: https://www.betterment.com/resources/inside-betterment/product-news/smartdeposit-auto-deposit-but-smarter
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