A Lesson in Finance with Peter Mallouk

Bulletproof Dental Practice

English - November 28, 2019 15:00 - 56 minutes - 54.9 MB - ★★★★★ - 241 ratings
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Bulletproof Dental Practice Podcast Episode 133

Hosts: Dr. Craig Spodak & Dr. Peter Boulden

Guest: Peter Mallouk

Key Takeaways

● Introduction

● Being Cautious

● Learning Business the Hard Way

● Furthering Retirement in Dentistry

● Purchasing Power of the Dollar Declining

● Brokers & Independent Advisors
○ Brokers: Have to Do What’s Suitable, Financial Advisors & Products
○ Independent Advisors: Fiduciary, no commissions or products, Lowest Cost Investment Vehicles
○ Different Legal Standards
○ Dually Registered
○ #1 Question to Ask: Do You Have the Series 7?
○ The “Merrill Lynch Policy”
○ Advertising

● Advice on What to Do in Times of Uncertainty
○ Start As Early As You Possibly Can
○ Recessions, Corrections, & Bear Markets- These Happen All the Time, It’s Normal and They Do Recover
○ CONTINUE BUYING

● Inverted Yield Curve

● The Repo Market

● The Consequence of Being Wrong

● Cashing Out: A Red Flag

● Human Psychology of Financial Decisions

● An Efficient Market

● High Flyers on the Index

● Game Plan: Look at Debt

● Cryptocurrency

● Asset Classes

● Slow & Steady Growth

References