060. How to Invest If You Don't TRUST The Stock Market / Ask The Money Nerds

Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!

In the past few week's the markets of dropped over 20% and unemployment is on the rise. Today's question on Ask The Money Nerds comes from a concerned investor who isn't sure if she trusts the market and she is worried about the tax implications of pulling out funds from a portfolio that she inherited. Listen in as we share our thoughts on her situation!

Time Stamps:
1:20 – I inherited a $300k portfolio that is currently invested in the stock market and I don’t understand it or trust it as a retiree living in Southern California. I’m afraid to pull out the money due to the tax implications. What do I do?
4:16 – Visit https://wealthfactory.com/private to get in touch with a wealth strategist
4:30 – When money is inherited, there is a provision called a "step up in basis". Here's what that means.
5:20 – What is investing?
6:00 – How institutions perform risk management
7:00 – How funds make money with minimal risk
8:15 – It's time to figure out where you are going to invest. Identify your Investor DNA to determine what is a good investment for you and your personal situation.
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Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/

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