MTI096: The Laws of Investing Success, with Dr. Daniel Crosby

Dr. Daniel Crosby is a Psychologist, New York Times Best-Seller and HUGE St. Louis Cardinals fan.

His newest book, The Laws of Wealth: Psychology and the Secret to Investing Success, talks about ‘Forecasting is for Weathermen’ and ‘If You’re Excited, It’s Probably a Bad Idea’.

Today, Dr. Crosby comes on the show to share fundamental methods for investing success based on his studies of human behavior and finance. He shares the 4 C’s to behavioral investing: Consistency, Clarity, Courageousness, and Conviction and some of The Ten Commandments of Investment Behavior.

Read more on Dr. Daniel Crosby on his blog, NocturneCapital.com, watch his TedX Talks or chat with him on Twitter @DanielCrosby.

 

Today’s Panelists

Joe Saul-Sehy | Stacking Benjamins
Doug Goldstein | Goldstein On Gelt
Linda P. Jones | Be Wealthy and Smart
Miranda Marquit | Planting Money Seeds

For a quick bio of each of our show participants, head on over to our panelists page.

Send us your questions for a future Listener Letters episode

MTI095: Using the News to Make Investing Decisions – with Matt Towery

Matt Towery believes we can use the news to make investment decisions.

News effects all of our investments. Anyone can watch the news but by the time you hear about it you couldn’t take advantage of the event. It’s already happened”, says Matt about the current way people use news to make investment decisions.

Using a system can actually get you ahead of the news cycle. Begin to invest and those returns will come to you ahead of Wall Street.

For instance: The Presidential Election of 2016. If Donald Trump wins, most likely defense contractors will do well because he knows how that industry works. The same goes for construction and Wall Street will likely do well. If Hillary Clinton wins the Presidential election, international corporations and defense will see improvements.

 

What do you think? The panel gets together to dig into the idea that the news can help you make investing decisions.

Find more about our guest, Matt Towery, on his website Newsvesting.com, Twitter, and his book: Newsvesting – Use News and Opinion to Grow Your Personal Wealth.

 

Today’s Panelists

Doug Goldstein | Rich As a King
Linda P. Jones | Be Wealthy and Smart
Joe Saul-Sehy | Stacking Benjamins
Miranda Marquit | Planting Money Seeds

For a quick bio of each of our show participants, head on over to our panelists page.

Send us your questions for a future Listener Letters episode

MTI094: Listener Letters about selling ESPP discount stocks, how to grow investments when most is cash, and more

We are back to answer your questions:

Tommy asks for ideas to grow his investments. Most of his investments are in cash, the rest in a brokerage account.

Listener “In Need Of a Teacher” wants to know how to implement and manage a realistic personal budget.

Brian is able to purchase my company’s stock at a 15% discount. Should he sell it immediately to lock in the earnings or keep the stock and not sell?

Matt paid off $50k in student loans paid off in 10 months. What should his next step be financially: Roth IRA, emergency savings in a money market account, or save up a deposit on a home?

Kevin has been trying some value investing and proactively managed retirement planning. What is the relationship between stock pricing before and after the report?

Today’s Panelists

Doug Goldstein | Rich As a King
Linda P. Jones | Be Wealthy and Smart
Joe Saul-Sehy | Stacking Benjamins
Miranda Marquit | Planting Money Seeds

For a quick bio of each of our show participants, head on over to our panelists page.

Send us your questions for a future Listener Letters episode

MTI093: Crowdfunding Securities with Gregg Flinn

Have you ever wanted to get in on some of those Shark Tank-like deals? The US Government has a new ruling that appears to let you do that now under Reg-CF.

In the past, you had to be an “accredited investor”, but with this new crowdfunding option you may be able to put some money in the pot. As of May 16, 2016, the general public has the opportunity to participate in the early capital raising activities of start-up and early-stage businesses and companies can use crowdfunding to offer and sell their securities to the investing public.

Joining us today is the Chief Investment Officer at ALTZ Investment Strategies, Gregg Flinn, to explain how Reg-CF works and how we can get in on the action.

Gregg explains you can only make an offering from a portal. The portal, which is a website or mobile app from a broker-dealer or SEC registered intermediary, is the first gatekeeper that screens out certain companies to have access the crowdfunding.

If a company wants to raise $1M, the financials must be reviewed – although they don’t have to be audited. They also have to disclose if they have a “bad actor” (i.e.: An officer who has a past bankruptcy or been suspended by a regulatory agency). Finally, the business plan must be realistic and provide some level of education about the risks of investing in a crowdfunding arena.

Find more about Gregg Flinn:

Website: www.altzinv.com
Twitter: @greggflinn

Today’s Panelists

Joe Saul-Sehy | Stacking Benjamins
Miranda Marquit | Planting Money Seeds
Linda P. Jones | Be Wealthy and Smart
Doug Goldstein | Rich as a King

For a quick bio of each of our show participants, head on over to our panelists page.

Send us your questions for a future Listener Letters episode

MTI092: How to Raise Financially Fit Kids with Shannon McLay

Our guest, Shannon McLay from FinancialGym.net, says ““Financial Literacy starts in the home”. She shares stories of her son’s experiences with money at a young age and how we too can raise a financially fit kid.

7 Tips to Teach Children the Value of Money

Tip #1: Say No
Tip #2: When you can say Yes, have a budget and set parameters around the decision
Tip #3: The ultimate teacher of financial literacy and money is CASH. It teaches math skills and healthy spending boundaries
Tip #4: Let your kids have financial failures
Tip #5: Make them responsible for their wants
Tip #6: Kids need to earn their money
Tip #7: Allow them to participate in family financial decisions

 

“Financial Literacy starts in the home” – Shannon McLay, Mother and Financial Planner

 

Then, the roundtable gets together to discuss giving kids and allowance and ask, “When is the right age to begin teaching children about money?” We also share our first jobs and money lessons learned when we were kids.

You can find out more about Shannon on her website, her podcast Martinis and Your Money, and Twitter

Today’s Panelists

Linda P. Jones | Be Wealthy and Smart
Joe Saul-Sehy | Stacking Benjamins
Miranda Marquit | Adulting.TV
Doug Goldstein | Rich as a King

For a quick bio of each of our show participants, head on over to our panelists page.

Send us your questions for a future Listener Letters episode

MTI091: Listener Letters about Finding an Investment Mentor, Stock Target Prices, and Investing Too Much

Time again for our panel to answer your questions:

*Justin wants to know what analysts mean by a stock target price?
*Emily is worried she may be saving TOO much.
*Listener “Invest Passionately” wants to know the panel’s opinion of target date funds.
*Annie is hearing rumors and reports of an upcoming market crash. Is this a time to sell or sit tight?
*Alejandro wants to know how to find an investing mentor.
*Bridget comments about guaranteed minimum income, then asks if there is a role for mental imagery/visualization training to prevent people from pulling out of the market in a panic, similar to techniques athletes use in training?

 

Do you agree? Send us your questions for a future Listener Letters episode or comment below.

 

Today’s Panelists

Miranda “Mirandela” Marquit | Planting Money Seeds
Doug “Dougie” Goldstein | Goldstein on Gelt
Linda “Lindy” P Jones | Be Wealthy And Smart

MTI090: Peter Schiff on Government Regulation and Financial Troubles

Economist and stockbroker, Peter Schiff, wonders if we would have Jetsons-like lives if the government didn’t put so many regulations on business.

In today’s episode, we discuss inflation, regulation, and stagnation

“Who knows what extra inventions we would have come up with if we had less government. Who knows what diseases we would have cured if we didn’t have the FDA. If the government didn’t make it so expensive to develop cures, maybe we could have cured cancer by know. Who knows? We don’t know but I think we would have a much higher standard of living with less government regulation” – Peter Schiff

Our expert panel discussion topics:

Is the negative trade balance in America due to the fact that Americans don’t have so much to export to the rest of the world?

Can we continue to support Social Security in its current state?

Would less government make our lives better?

Listen to the panel as they review Peter Schiff’s positions and the role of government in our financial lives.

Where you can find more Peter Schiffness:

Peter Schiff Radio: http://www.schiffradio.com/the-peter-schiff-show-podcast
The Schiff Report on YouTube: https://www.youtube.com/user/SchiffReport
Book: The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country
Peter Schiff’s brokers: http://www.europac.com
Buy and sell gold or silver: http://schiffgold.com
Peter Schiff on Twitter: @PeterSchiff

 

Today’s Panelists

Doug Goldstein | Goldstein On Gelt
Barbara Friedberg | Barbara Friedberg Personal Finance
Miranda Marquit | Planting Money Seeds
Joe Saul-Sehy | Stacking Benjamins

For a quick bio of each of our show participants, head on over to our panelists page.

Send us your questions for a future Listener Letters episode

MTI089: Investing in Mobile Home Parks with Jefferson Lilly

Many investors don’t think about investing in mobile home parks.

Jefferson Lilly says most investors never considered buying into this asset class or think negatively about mobile home parks.

Consider this:

  • No new mobile home parks are being developed
  • About 1 percent of existing mobile home parks are being torn down
  • Demand for mobile homes is rising

This means demand in park ownership is low while inventory on the market is shrinking.

Also, the cost of maintaining the land is less expensive than maintaining a rental property. Jefferson Lilly explains how an On-site Manager is in charge of taking care of the properties in their current state and an Asset Manager works to improve the site overall – such as roads and drainage, etc.

You can learn more about mobile home park investing at Jefferson Lilly’s website http://ParkStreetPartners.net

Today’s Panelists

Miranda Marquit | Planting Money Seeds
Doug Goldstein | Rich as a King
Joe Saul-Sehy | Stacking Benjamins
Linda P. Jones | Be Wealthy and Smart

For a quick bio of each of our show participants, head on over to our panelists page.

 

Send us your questions for a future Listener Letters episode

 

MTI088: Making the Most of Credit Card Rewards with David Shelhammer

David Shelhammer is a credit card reward enthusiast.

He believes collecting credit card rewards or cash back from using credit cards can be a lucrative hobby.

David admits, along with our roundtable panelists, that they aren’t for everyone and you need to be in the position to take advantage of rewards rather than the reward cards taking advantage of you. Point collectors need to be able to pay off the credit card statement every month or the rewards become less lucrative.

Other considerations when selecting a rewards credit card:

  • Decide if you prefer to get cash back or rewards points
  • Be selective with the types of credit cards you choose for reward programs
  • Be aware of the expenses that may come along with rewards cards
  • Watch the fine print and be aware of redemption restrictions
  • Some cards pay higher rewards at certain stores or through specific companies

Today’s Panelists

Linda P. Jones | Be Wealthy and Smart
Shannon McLay | Martinis and Your Money
Miranda Marquit | Money Mastermind Show
Doug Goldstein | Goldstein On Gelt

For a quick bio of each of our show participants, head on over to our panelists page.

Send us your questions for a future Listener Letters episode

MTI087: Being a Socially Responsible Investor with Bill Holliday

Are you socially responsible with your investments?

Bill Holliday joins us to talk about SRIs (Socially Responsible Investments), what qualifies as an SRI, and if there is a place in our portfolio for such a niche type of investment.

Of course, our roundtable jumps on it to share how they invest responsibly and take a random walk down YouTube for a really cool awesome hoverboard video.

Connect with Bill Holliday on Twitter, his website, or check out his podcast on iTunes

Today’s Panelists

Joe Saul-Sehy | Stacking Benjamins Green Room
Miranda Marquit | Money Mastermind Show
Linda P. Jones | Be Wealthy and Smart
Doug Goldstein | Profile-financial.com

For a quick bio of each of our show participants, head on over to our panelists page.

Send us your questions for a future Listener Letters episode