Worst Financial Advice from Podcasts with Hilary Hendershott – MTI140

Hilary Hendershott from Profit Boss Radio shares her Top 10 List of Worst Financial Advice from Podcasts, things like:

Discounted Life Insurance

House-flipping seminars

Cash Envelope Systems

The “Bucket Investing” strategy

Then our panelists discusses some of the bad advice they have heard and what got them into podcasting.

 

Today’s episode is sponsored by BUZZ Index

 

Proudly sponosred by Buzz indexes (BUZ on the NASDAQ)

Today’s guest, Hilary Hendershott:

Hilary earned her CFP designation and now runs her own financial advisory firm focused on helping women.

She also hosts Profit Boss Radio, a weekly podcast for women who want to create success in their financial life.

Profit Boss Radio on Apple Podcasts and iHeart Radio

Hilary’s website: HilaryHendershott.com

Twitter: @HilarytheCFP

 

Today’s Panelists

Linda P. Jones | Be Wealthy and Smart
Miranda Marquit | Adulting.tv
Doug Goldstein | Rich as a King
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

 

About our sponsor, BUZZ Index

Ever wonder if there were a way to capitalize on all of that online chatter made by millions of investors on social media? Well, your wait is over, because now advances in Artificial Intelligence and Natural Language Processing technologies are at your fingertips…. even if you personally don’t use social media! The BUZZ Index, licensed to an exchange traded fund and trading under ticker symbol BUZ, provides investors with a portfolio of securities that delivers a basket of large cap U.S. equities exhibiting the highest degree of positive investor sentiment. No surveys. No guessing. BUZ only tracks what’s volunteered – and if you ARE online, you know that a lot of information is volunteered: millions of posts, comments and blogs are analyzed each month!

Here’s how it works:. First, BUZZ targets the most mentioned large cap U.S. stocks across the Social Media landscape. The more active the conversation, the greater the reliability of the BUZZ.

Each of the most-mentioned stocks is then given an insight score based on BUZZ’s proprietary analytics and the 75 stocks with the most Bullish scores are included in the Index. Each month the BUZZ is tracked to capture the latest Big Data driven insights and then the 75 companies with the most Bullish scores are selected, positioning BUZZ to capture the highest return potential.

Invest in the wisdom of crowds. Visit MoneyTreePodcast.com/BUZZ for more information.

Proudly sponosred by Buzz indexes (BUZ on the NASDAQ)

MTI139: Listener Questions – HSAs, 401k Early Withdrawals, Backdoor Roth IRA and more

A jam-packed show with your letters answered:

Simone wants to know about signing up for a high-deductible health plan at work and using an HSA to sock money away for retirement.

Kamille and her husband are trying to come up with a down-payment for a house. Should he take out a $10,000 401k loan?

Shannon maxed out her ROTH IRA last year, but discovered they were $1,000 over the income limit for the contribution. Is this a good case for using a “backdoor ROTH”?

And Brandon has $100,000 ready to invest. Should he go all-in now, put $50,000 in now and then $2,000 a month, or wait for the inevitable dip in the market?

Today’s episode is sponsored by BUZZ Index

Proudly sponosred by Buzz indexes (BUZ on the NASDAQ)

Today’s Panelists

Joe Saul-Sehy | Stacking Benjamins
Doug Goldstein | Goldstein on Gelt
Miranda Marquit | Planting Money Seeds
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

 

About our sponsor, BUZZ Index

Ever wonder if there were a way to capitalize on all of that online chatter made by millions of investors on social media? Well, your wait is over, because now advances in Artificial Intelligence and Natural Language Processing technologies are at your fingertips…. even if you personally don’t use social media! The BUZZ Index, licensed to an exchange traded fund and trading under ticker symbol BUZ, provides investors with a portfolio of securities that delivers a basket of large cap U.S. equities exhibiting the highest degree of positive investor sentiment. No surveys. No guessing. BUZ only tracks what’s volunteered – and if you ARE online, you know that a lot of information is volunteered: millions of posts, comments and blogs are analyzed each month!

Here’s how it works:. First, BUZZ targets the most mentioned large cap U.S. stocks across the Social Media landscape. The more active the conversation, the greater the reliability of the BUZZ.

Each of the most-mentioned stocks is then given an insight score based on BUZZ’s proprietary analytics and the 75 stocks with the most Bullish scores are included in the Index. Each month the BUZZ is tracked to capture the latest Big Data driven insights and then the 75 companies with the most Bullish scores are selected, positioning BUZZ to capture the highest return potential.

Invest in the wisdom of crowds. Visit MoneyTreePodcast.com/BUZZ for more information.

Proudly sponosred by Buzz indexes (BUZ on the NASDAQ)

MTI138: How Debt Can Help You Build Wealth with Tom Anderson

“All debt is not created equally”, says Tom Anderson, author of The Value of Debt.

Tom explains why it’s important to eliminate Oppressive Debt, debt with interest rates higher than 10 percent. He also believes it is important to begin investing right away.

Rather than paying off “working debt”, which is low-interest debt like student loans or Miranda’s 1.9 percent car loan, Tom recommends you begin investing to take advantage of compounding early. Too many people use all their money to pay down debt when they should be investing and taking advantage of compounding growth.

Today’s episode is sponsored by BUZZ Index

Proudly sponosred by Buzz indexes (BUZ on the NASDAQ)

Today’s guest, Tom Anderson:

Founder of Supernova Companies, Tom Anderson helps people grow wealth while managing lower risk with lending and borrowing.

He has written a suite of books called, “The Value of Debt“, which is the topic of today’s episode.

You can also follow Tom on Twitter @ItsTomAnderson

 

Today’s Panelists

Miranda Marquit | Adulting.tv
Joe Saul-Sehy | Stacking Benjamins
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

 

About our sponsor, BUZZ Index

Ever wonder if there were a way to capitalize on all of that online chatter made by millions of investors on social media? Well, your wait is over, because now advances in Artificial Intelligence and Natural Language Processing technologies are at your fingertips…. even if you personally don’t use social media! The BUZZ Index, licensed to an exchange traded fund and trading under ticker symbol BUZ, provides investors with a portfolio of securities that delivers a basket of large cap U.S. equities exhibiting the highest degree of positive investor sentiment. No surveys. No guessing. BUZ only tracks what’s volunteered – and if you ARE online, you know that a lot of information is volunteered: millions of posts, comments and blogs are analyzed each month!

Here’s how it works:. First, BUZZ targets the most mentioned large cap U.S. stocks across the Social Media landscape. The more active the conversation, the greater the reliability of the BUZZ.

Each of the most-mentioned stocks is then given an insight score based on BUZZ’s proprietary analytics and the 75 stocks with the most Bullish scores are included in the Index. Each month the BUZZ is tracked to capture the latest Big Data driven insights and then the 75 companies with the most Bullish scores are selected, positioning BUZZ to capture the highest return potential.

Invest in the wisdom of crowds. Visit MoneyTreePodcast.com/BUZZ for more information.

Proudly sponosred by Buzz indexes (BUZ on the NASDAQ)

MTI137: Should You Trust Fund Ratings? with Christine Benz

Morningstar’s Director of Personal Finance, Christine Benz, advises why an investor shouldn’t only rely on Morningstar® research, but should also do their own. She also breaks down the difference between index funds and exchange traded funds (ETFs).

Morningstar® researches mutual funds and rates them with stars to give investors a visual guideline of their performance. Our panelists discuss the benefits of using Morningstar® to help make the best investing decisions.

Today’s episode is sponsored by BUZZ Index

 

Proudly sponosred by Buzz indexes (BUZ on the NASDAQ)

Today’s guest, Christine Benz:

Christine Benz is Morningstar’s Director of Personal Finance after two years as Director of Mutual Fund Analysis. She authored “Morningstar’s 30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances

Morningstar’s 30-minute Money Solutions on Amazon

LinkedIn

Twitter

 

Today’s Panelists

Doug Goldstein | Rich as a King
Linda P. Jones | Be Wealthy and Smart
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

 

About our sponsor, BUZZ Index

Ever wonder if there were a way to capitalize on all of that online chatter made by millions of investors on social media? Well, your wait is over, because now advances in Artificial Intelligence and Natural Language Processing technologies are at your fingertips…. even if you personally don’t use social media! The BUZZ Index, licensed to an exchange traded fund and trading under ticker symbol BUZ, provides investors with a portfolio of securities that delivers a basket of large cap U.S. equities exhibiting the highest degree of positive investor sentiment. No surveys. No guessing. BUZ only tracks what’s volunteered – and if you ARE online, you know that a lot of information is volunteered: millions of posts, comments and blogs are analyzed each month!

Here’s how it works:. First, BUZZ targets the most mentioned large cap U.S. stocks across the Social Media landscape. The more active the conversation, the greater the reliability of the BUZZ.

Each of the most-mentioned stocks is then given an insight score based on BUZZ’s proprietary analytics and the 75 stocks with the most Bullish scores are included in the Index. Each month the BUZZ is tracked to capture the latest Big Data driven insights and then the 75 companies with the most Bullish scores are selected, positioning BUZZ to capture the highest return potential.

Invest in the wisdom of crowds. Visit MoneyTreePodcast.com/BUZZ for more information.

Proudly sponosred by Buzz indexes (BUZ on the NASDAQ)

MTI136: Trend Following, Speculation, and More with Daniel Ameduri

Daniel Ameduri believes 90 percent of your liquid net worth should be in reliable performers. The remaining 10 percent is for speculation by those who want to play around in the markets.

Daniel recently turned $83,000 from his liquid net worth into $3.5M through speculative investments.

Joe talks to Daniel about a number of topics, then digs into three areas of investing:

  • Dividend stocks
  • Single family real estate
  • Peer-to-Peer lending

While Daniel does not recommend it, he does share some insight on how to make money on penny stocks.

“Penny stocks are risky. However, what is not risky or as speculative is the people who run those companies. If you partner with the right people, you aren’t really speculating anymore.”

He also says to look at the properties other people aren’t looking to buy or can’t buy. For example: Houses with foundation problems aren’t eligible for a conventional loan. This eliminates about 99% of the competition, but he has found it may only take $5,000 to repair.

Today’s episode is sponsored by BUZZ Index

Proudly sponosred by Buzz indexes (BUZ on the NASDAQ)

Click the logo to discover more about BUZ

 

Follow our guest, Daniel Ameduri

Future Money Trends
Crush the Street
Relentless Health podcast

 

Today’s Panelists

Joe Saul-Sehy | Stacking Benjamins.com
Miranda Marquit | PlantingMoneySeeds.com
Linda P. Jones | Be Wealthy and Smart
Scott Alan Turner | Scott Alan Turner Show

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

 

About our sponsor, BUZZ Index

Ever wonder if there were a way to capitalize on all of that online chatter made by millions of investors on social media? Well, your wait is over, because now advances in Artificial Intelligence and Natural Language Processing technologies are at your fingertips…. even if you personally don’t use social media! The BUZZ Index, licensed to an exchange traded fund and trading under ticker symbol BUZ, provides investors with a portfolio of securities that delivers a basket of large cap U.S. equities exhibiting the highest degree of positive investor sentiment. No surveys. No guessing. BUZ only tracks what’s volunteered – and if you ARE online, you know that a lot of information is volunteered: millions of posts, comments and blogs are analyzed each month!

Here’s how it works:. First, BUZZ targets the most mentioned large cap U.S. stocks across the Social Media landscape. The more active the conversation, the greater the reliability of the BUZZ.

Each of the most-mentioned stocks is then given an insight score based on BUZZ’s proprietary analytics and the 75 stocks with the most Bullish scores are included in the Index. Each month the BUZZ is tracked to capture the latest Big Data driven insights and then the 75 companies with the most Bullish scores are selected, positioning BUZZ to capture the highest return potential.

Invest in the wisdom of crowds. Visit MoneyTreePodcast.com/BUZZ for more information.

Proudly sponosred by Buzz indexes (BUZ on the NASDAQ)

MTI135: Listener Questions Early Retirement, Investing in ETFs and When to Pay Down Your Mortgage

Answering listener questions about investing on today’s episode:

Matthew from Australia is 27 years old, has no debt, and plans to retire in the next 20-25 years. He deposited $150k into three ETFs: The S&P 500, All World, and ASX200 (Australian version of the S&P). He plans to deposit $40k annually and re-invest all dividends for the next 20 years, expecting a 10-12% return. Is there anything else Matthew can do to boost his investment strategy or is this the best a passive investor can do?

Dave is frustrated with one aspect of the MTI podcast: It is a question of buying individual stocks – or not. The panel appears to be split with Linda and Joe saying it’s okay if you use a small percentage of your overall net worth and you have a plan while Miranda says to just index. He is most confused by Doug’s position and wants more explanation of his position.

Dwight just got a raise. He and his wife are already saving 10% of their income in 401(k)s, saving for kids’ college, and are 4 years into a 30-year mortgage. Would it make sense for them to put this new found money into paying down the mortgage, refinancing the house to a 15-year loan (incurring closing costs), or put it in the 401(k)?

Lynn recently made her first investment via indexing and ETFs. How does her time-frame for using the money affect her future contributions?

Jason has a question about picking ETFs when you only have a small amount of money per month to invest. Aren’t the costs of buying small amounts of ETFs eating away at his returns? Why pick ETFs over mutual funds?

Captain Evan is a 31yr old planning to take 5yrs off to sail around the world. He has equity in multi-family rentals netting $3k per month cashflow plus very sizable reserves. Also, $500k in a taxable brokerage accounts paying good dividends. If you were in his shoes, what would the ideal portfolio mix look like?

Today’s episode is sponsored by BUZZ Index

Invest in the wisdom of crowds. Visit MoneyTreePodcast.com/BUZZ for more information.

 

Today’s Panelists

Linda P. Jones | Be Wealthy and Smart
Shannon McLay | Martinis and Your Money
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

 

About our sponsor, BUZZ Index

Ever wonder if there were a way to capitalize on all of that online chatter made by millions of investors on social media? Well, your wait is over, because now advances in Artificial Intelligence and Natural Language Processing technologies are at your fingertips…. even if you personally don’t use social media! The BUZZ Index, licensed to an exchange traded fund and trading under ticker symbol BUZ, provides investors with a portfolio of securities that delivers a basket of large cap U.S. equities exhibiting the highest degree of positive investor sentiment. No surveys. No guessing. BUZ only tracks what’s volunteered – and if you ARE online, you know that a lot of information is volunteered: millions of posts, comments and blogs are analyzed each month!

Here’s how it works:. First, BUZZ targets the most mentioned large cap U.S. stocks across the Social Media landscape. The more active the conversation, the greater the reliability of the BUZZ.

Each of the most-mentioned stocks is then given an insight score based on BUZZ’s proprietary analytics and the 75 stocks with the most Bullish scores are included in the Index. Each month the BUZZ is tracked to capture the latest Big Data driven insights and then the 75 companies with the most Bullish scores are selected, positioning BUZZ to capture the highest return potential.

Invest in the wisdom of crowds. Visit MoneyTreePodcast.com/BUZZ for more information.
Proudly sponosred by Buzz indexes (BUZ on the NASDAQ)

MTI134: Dividend Investing with Andrew Sather

Andrew Sather comes back to the Money Tree Investing podcast to talk about Dividend Investing:

  • The importance of investing in dividend-paying stocks
  • Dividend success stories
  • The Dividend Aristocrats: Walmart, Coca-Cola, Abbot Laboratories, Altria, Procter & Gamble
  • Having high-yield dividend funds to help build your portfolio

 

Today’s guest, Andrew Sather

Andrew loves to help beginners learn about investing through the Investing for Beginners podcast.

You can find it at http://einvestingforbeginners.com
or go directly to Investing for Beginners podcast in iTunes

Today’s Sponsor

Proudly sponosred by Buzz indexes (BUZ on the NASDAQ)

Today’s Panelists

Miranda Marquit | PlantingMoneySeeds.com
Devin Carroll | SocialSecurityIntelligence.com
Doug Goldstein | Rich as a King
Joe Saul-Sehy | Stacking Benjamins.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

 

About our sponsor, BUZZ Index

Ever wonder if there were a way to capitalize on all of that online chatter made by millions of investors on social media? Well, your wait is over, because now advances in Artificial Intelligence and Natural Language Processing technologies are at your fingertips…. even if you personally don’t use social media! The BUZZ Index, licensed to an exchange traded fund and trading under ticker symbol BUZ, provides investors with a portfolio of securities that delivers a basket of large cap U.S. equities exhibiting the highest degree of positive investor sentiment. No surveys. No guessing. BUZ only tracks what’s volunteered – and if you ARE online, you know that a lot of information is volunteered: millions of posts, comments and blogs are analyzed each month!

Here’s how it works:. First, BUZZ targets the most mentioned large cap U.S. stocks across the Social Media landscape. The more active the conversation, the greater the reliability of the BUZZ.

Each of the most-mentioned stocks is then given an insight score based on BUZZ’s proprietary analytics and the 75 stocks with the most Bullish scores are included in the Index. Each month the BUZZ is tracked to capture the latest Big Data driven insights and then the 75 companies with the most Bullish scores are selected, positioning BUZZ to capture the highest return potential.

Invest in the wisdom of crowds. Visit MoneyTreePodcast.com/BUZZ for more information.

Proudly sponosred by Buzz indexes (BUZ on the NASDAQ)

MTI133: Do Credit Cards Make Sense in Your Life? with Jason Steele

Jason Steele, an expert in the credit card industry, discusses the benefits and risks of using a credit card. Find out who truly benefits from your credit card purchases and who should give up credit card usage altogether.

Then, our panel of experts discuss if and how consumers benefit from points and reward schemes without falling into debt. Do they pay off their credit cards every month? Do they collect points and miles? And is spending on credit a good psychological exercise or does it teach a bad lesson – the same lesson you would learn by watching Congress)?

 

Today’s guest, Jason Steele

Jamie Wise is the Founder of BUZZ Indexes and the President and Chief Executive Officer of Periscope Capital, a Toronto-based hedge fund manager. His experience

Jason Steele’s website
Jason on Twitter

 

Today’s episode is sponsored by BUZZ Index

Invest in the wisdom of crowds. Visit MoneyTreePodcast.com/BUZZ for more information.

 

Today’s Panelists

Doug Goldstein | Rich As a King
Joe Saul-Sehy | Stacking Benjamins
Miranda Marquit | Adulting.tv
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

 

About our sponsor, BUZZ Index

Ever wonder if there were a way to capitalize on all of that online chatter made by millions of investors on social media? Well, your wait is over, because now advances in Artificial Intelligence and Natural Language Processing technologies are at your fingertips…. even if you personally don’t use social media! The BUZZ Index, licensed to an exchange traded fund and trading under ticker symbol BUZ, provides investors with a portfolio of securities that delivers a basket of large cap U.S. equities exhibiting the highest degree of positive investor sentiment. No surveys. No guessing. BUZ only tracks what’s volunteered – and if you ARE online, you know that a lot of information is volunteered: millions of posts, comments and blogs are analyzed each month!

Here’s how it works:. First, BUZZ targets the most mentioned large cap U.S. stocks across the Social Media landscape. The more active the conversation, the greater the reliability of the BUZZ.

Each of the most-mentioned stocks is then given an insight score based on BUZZ’s proprietary analytics and the 75 stocks with the most Bullish scores are included in the Index. Each month the BUZZ is tracked to capture the latest Big Data driven insights and then the 75 companies with the most Bullish scores are selected, positioning BUZZ to capture the highest return potential.

Invest in the wisdom of crowds. Visit MoneyTreePodcast.com/BUZZ for more information.

MTI132: The Future of Active Trading with Jamie Wise

Imagine being able to gather investing sentiment from all over the world and focus it into one pool of stocks before the rest of the world. That’s what the BUZZ Index sets out to do. Innovative? Sure. Effective? We talk to Jamie Wise from Buzz Indexes about how he believes tracking the hive mind is better for picking stocks than individual analysts.

Then our crack panel of financial experts talk about the future of active investing through algorithms and indexing.

Where does this type of algorithmic investing fit into a portfolio? Join Joe, Miranda, Linda and Doug in a discussion about active vs passive investing with a sprinkle of social media mixed in.

 

Today’s guest, Jamie Wise

Jamie Wise is the Founder of BUZZ Indexes and the President and Chief Executive Officer of Periscope Capital, a Toronto-based hedge fund manager. His experience

BUZZ Indexes website
BUZZ Indexes on Facebook
BUZZ Indexes on Twitter
Jamie Wise on LinkedIn

 

Today’s Panelists

Joe Saul-Sehy | Stacking Benjamins
Miranda Marquit | Adulting.tv
Linda P. Jones | Be Wealthy and Smart
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

MTI131: Successful Retirement & Social Security

When does it make sense to begin taking Social Security?

Age 62?

Age 67?

Even later?

Devin Carroll CFP® joins us to discuss the timing and situations when it makes sense to wait and some situations when it makes sense to take it early.

On average, a retiree gets about 40 percent of their income for Social Security. The average social security benefit in 2016 for a retiree was $1,362. Devin estimates one could lose 30 percent of their benefits by retiring early at age 62, but filing at age 70 could get you a 24 percent increase over the full retirement age of 67.

His advice is to make sure the date you file is part of your overall financial plan that takes your tax situation and all your other accounts into consideration.

Today’s episode is sponsored by BUZZ Index

 

 

 

 

Today’s guest, Devin Carroll

Devin is a CFP® and specializes in helping individuals navigate their way into a successful retirement.

Website: SocialSecurityIntelligence.com
Podcast: BigPictureRetirement.net
Facebook: Devin Carroll
Twitter: @devinacarroll

Today’s Panelists

Linda P. Jones | Be Wealthy and Smart
Miranda Marquit | Planting Money Seeds
Joe Saul-Sehy | Stacking Benjamins
Amanda Abella | AmandaAbella

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

 

About our sponsor, BUZZ Index

Ever wonder if there were a way to capitalize on all of that online chatter made by millions of investors on social media? Well, your wait is over, because now advances in Artificial Intelligence and Natural Language Processing technologies are at your fingertips…. even if you personally don’t use social media! The BUZZ Index, licensed to an exchange traded fund and trading under ticker symbol BUZ, provides investors with a portfolio of securities that delivers a basket of large cap U.S. equities exhibiting the highest degree of positive investor sentiment. No surveys. No guessing. BUZ only tracks what’s volunteered – and if you ARE online, you know that a lot of information is volunteered: millions of posts, comments and blogs are analyzed each month!

Here’s how it works:. First, BUZZ targets the most mentioned large cap U.S. stocks across the Social Media landscape. The more active the conversation, the greater the reliability of the BUZZ.

Each of the most-mentioned stocks is then given an insight score based on BUZZ’s proprietary analytics and the 75 stocks with the most Bullish scores are included in the Index. Each month the BUZZ is tracked to capture the latest Big Data driven insights and then the 75 companies with the most Bullish scores are selected, positioning BUZZ to capture the highest return potential.

Invest in the wisdom of crowds. Visit MoneyTreePodcast.com/BUZZ for more information.