The 8 Great Mistakes of Investing. Also, Fractional Savings Accounts

#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:

1. Under-diversification 
2. Over-diversification 
3. Euphoria 
4. Panic 
5. Leverage 
6. Speculating 
7. Investing for yield and not total return 
8. 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

__________________________________________________

Steve Stewart's Budget Coaching Course on video: Http://moneyplansos.com/start

__________________________________________________

Ponda from the Honda: SPEND IT ALL (sort of)

__________________________________________________

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

______________________________________