242: Investor Psychology with Garrett Gunderson
Get Rich Education
English - May 27, 2019 08:00 - 43 minutes - 25.2 MB - ★★★★★ - 587 ratingsInvesting Business Careers passiveincome business creatingwealth income kiyosaki money real realestate realestateinvesting rich Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Compound interest doesn't work in real life.
5% is the average mutual fund investor return, though the S&P returned 10%.
This is for the twenty years ending in 2015 (Source: Dalbar). This is even before taxes and inflation!
Why are 401(k)s failing people? Inflation, emotion, taxes, fees, and volatility.
Emotions make humans sell high and buy low - a recipe for disaster. I discuss how cash flow helps you remove emotion.
Garrett Gunderson of Wealth Factory joins us.
Financially-free people prioritize this way: value, cost, then price.
Economic independence has five levers:
Recover cash Engineer wealth Accelerate investment income Scale business revenue Treat yourself as the greatest assetBehavioral finance is where investing meets emotion.
Facts don’t change people’s minds. I discuss what does.
“Facts are stubborn things. But our minds are even more stubborn.” -John Adams
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Resources mentioned:
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Articles referenced:
Why Investors Get Below Average Stock Returns
Facts Don’t Change People’s Minds. This Does.
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