Is the secret to investment success all about making your decisions as if you were a 50-year-old woman? We tackle that take on today's roundtable discussion. We're joined by one of the best voices who gives investing advice online, Brian Feroldi. He's joined by the lady who knows all about making wise investing decisions, no matter your age, Paula Pant. And finally, we also feature the advice of our in-house financial planner (who happens to have the temperament of a 50-year-old woman), OG.
In the second half, brought to you by
DepositAccounts.com, we continue down the list of how to win by investing like a 50-year-old woman.
And, finally, be sure to stick around for Doug's sky-high stock-institution trivia. It will surprise you!
FULL SHOW NOTES:
https://stackingbenjamins.com/invest-smarter-think-like-a-50-year-old-woman-1537
Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at
https://www.StackingBenjamins.com/201
During our conversation, you'll hear us mention:
Sticking to your investment plan, even in times of market correction.
Why "this time is different" is a dangerous mindset.
Weighing the long-term risk-reward relationship.
The benefit of indexing.
Investing according to your time horizon and risk tolerance.
The fallacy of trying to time the market.
Dollar-cost averaging.
How to resist the temptation to tinker with your investments.
How to trick yourself from reacting to every piece of news.
How to avoid FOMO.
Why you shouldn't care about what others think.
Stop comparing yourself to others.
Allowing yourself to allocate a small amount of your portfolio to taking outsized risks.
Investing in individual stocks if it works for you.
Allocating a limited amount of time to making investment decisions.
How to distinguish between sound advice and not-so-reputable salespeople.
Use good judgment when deciding whose advice to follow.
Finding the investing style that works for you.
Learning from failure.
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