E462 - Andy Wang - How to Invest Wisely Over the Long-Term: Lessons Learned from 20+ Years of Financial Advising

Today I got to speak with Andy Wang.

Andy Wang is a Managing Partner at Runnymede Capital Management and host of Inspired Money, recognized by Forbes as a Top 10 Personal Finance Podcast By Financial Advisors. He has been named among the INVESTOPEDIA 100: Most Influential Advisors, Top 100 Most Social Financial Advisors by Brightscope, and has appeared on Reuters TV, Barron's, and Forbes. Andy has been a featured speaker at industry conferences including Inbound, Fincon, and Podfest. He is co-founder of the Asian American Podcasters Association. Runnymede is a fee-only registered investment adviser (RIA) to companies, 401(k) plans, non-profits, and individuals. Andy is married, has three children, and can be periodically found performing Hawaiian guitar in the New York tri-state area.

Without further ado, please join me in as we learn more from Andy Wang.

Andy Wang

www.inspiredmoney.fm
www.twitter.com/runnymedecap

Hacks to take away :

· Limit the size of your mistakes, so that you have more wins than losses.

· You've got to be willing to take the risk. And you've got to be able to put money, put money on the line.

· You need to be patient, you need to be consistent.

· In those who just set a course or have a strategy and stick to it. That usually serves people best and allows them to sleep at night that they’re not panicked.

· If you have a plan, and you're trying just to stick to the plan, that that pays off, that pays off well over time.

· It's a bit about identifying what's important to you, and how much is enough. It's about not overextending yourself.

· Lessons don't have to be complicated.

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