Listener Questions: Buying a Car on Credit, SIMPLE IRA, and Mutual Fund Investing – MTI145

You’ve got questions? Our panel has answers.

Doug, Linda, Joe and Miranda are back to offer their thoughts about Buying a Car on Credit, SIMPLE IRAs, and Mutual Fund Investing.

Amy:
Ways to save more. We are about to buy a house. Apps to track spending. Joe named Mint.com, Money Lion, Clarity Money, and Personal Capital. Miranda uses Money Dance because it reminds her of Quicken 2005. But Miranda mentioned the favorite if the show’s engineer Steve: YNAB (You Need A Budget). Linda like the apps but gives suggestions on ways to sell things and make more money.

Cray:
I’ve lost confidence in my mutual funds and have a hard time justifying paying management fees. Would ETFs be a better option for long-term investing.

Coral:
My husband and I are 34 and have $275,000 in 401(k)s. We max out annually and contribute the max to backdoor ROTHS for the past two years. There are other savings and a manageable mortgage. I do have $80k in student loan debt but in a forgiveness program. We have an extra $3,000 a month to do something smart with.

Adam:
Investing gurus have touted low-cost ETFs and dollar cost averaging as the young investor’s guide to getting started. I am surprised there has been no mention of trade commissions that some must pay when buying or selling stocks. The fee is hard to swallow when investing small amounts. Is there any way to elevate the cost?

Morgan:
Miranda mentioned that it was in her best interest to finance her vehicle because her investments could do better than the interest rate of the loan. Can you talk about he devaluation of the asset (the car) relative to the decision – or was it not even a factor?

Brandon:
Unfortunate Retirement Procrastinator wants to know the order of investing and IRAs. He is married with a small car loan and small mortgage. They made a profit on flipping a real estate property and wants to know where it the best place – or places – to put the money.

 

Today’s episode is sponsored by BUZZ Index

 

Proudly sponosred by Buzz indexes (BUZ on the NASDAQ)

 

Today’s Panelists

Doug Goldstein | Goldstein on Gelt
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

 

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 sponsored by Buzz indexes (BUZ on the NASDAQ)

Commercial Real Estate with Paul Moore – MTI144

Paul Moore, author of “The Perfect Investment” shares how you can create enduring wealth from the multifamily housing.

Paul says two-thirds of the battle in finding a good multi-family property is wrapped up in finding the right sub-market and property manager.

Then Paul and Joe dive into a real-life scenario for how to evaluate a market such as Austin. Is it hot? Is it not? Listen to the episode to find out more.

Today’s episode is sponsored by BUZZ Index

 

Proudly sponosred by Buzz indexes (BUZ on the NASDAQ)

Today’s Guest, Paul Moore

Paul Moore entered the real estate sector and flipped over 50 homes and 25 high-end waterfront lots. Paul has appeared on HGTV’s House Hunters, rehabbed and managed rental properties, built a number of new homes, developed a subdivision, and started two successful online real estate marketing firms. He also built a number of other companies and made quite a few medium and high-risk investments along the way.

Three successful developments, including assisting with development of a Hyatt hotel and a very successful multifamily project, led him into the commercial multifamily arena. Paul is the author of The Perfect Investment – Create Enduring Wealth from the Historic Shift to Multifamily Housing. Paul also co-hosts a wealth-building podcast called How to Lose Money and is a regular author for Bigger Pockets.

Find Paul at his company website, WellingsCapital.com
Follow WellingsCapital on Twitter

Today’s Panelists

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

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 sponsored by Buzz indexes (BUZ on the NASDAQ)

Dividend Stocks, Super-Charge Your Savings, and Mortgages…We Answer Your Questions – MTI143

Today’s letter bag is full of questions about best places to save and invest emergency funds, down-payments and other big-time purchases.

We also tackle questions about dividend paying stocks and what to look out for when choosing to work with a financial advisor.

Listener’s Questions:

Matt asks if buying and holding dividend paying stocks with good track records is a good strategy for a portion of his portfolio.

Drew expects some big life events (marriage, first child and buying a house) in a year or so. He is almost out of consumer debt and is saving for retirement. What is the best way for him to save for these expected life events?

Derick has $110,000 left on his $200,000 house. He also has $100,000 plus investing in mutual funds. Derick anticipates needing a larger home due to his growing family. What should he do to prepare for the future?

Aman is also asking about where to put savings, specifically his emergency fund. Do you invest it in something like a Betterment ETF?

Arthur and his fiancé are maxing out their 401(k) plans, but they are looking to save money for a house. Should they put their savings in a money market account or index or similar type of tax-advantaged account?

Jackie wants to know the advantages and disadvantages of the different payment methods of financial advisors. What situations might one type of advisor be better than another (Fee-only vs commission based)?

 

Today’s episode is sponsored by BUZZ Index

 

Proudly sponosred by Buzz indexes (BUZ on the NASDAQ)

Resources mentioned in this episode include:

FINRA’s Broker Check

Linda’s episode about Asset Allocation in a Low Yield World

 

Today’s Panelists

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

 

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 sponsored by Buzz indexes (BUZ on the NASDAQ)

How To Pick Winning Investments with Stig Brodersen – MTI142

Stig Brodersen co-hosts the Investors Podcast, a show that studies billionaires and talks about books they read while interviewing people they like to interact with.

Stig says it isn’t complicated to invest in stocks, “but it’s definitely time consuming, and I think that’s probably one of the problems that we are facing as investors.”

Then Doug takes it to the Panel and asks:

  • How much time should someone spend researching before making an investment?
  • What short cuts are there for doing stock research?
  • Do you think P/E is an important measure in stock selection?
  • What is a key statistic/ratio that makes you love or hate a stock

 

Today’s guest, Stig Brodersen

You can find Stig’s podcast at TheInvestorsPodcast.com
Follow Stig on Twitter @Stig_Brodersen
Stig’s YouTube channel

Today’s Sponsor

Proudly sponosred by Buzz indexes (BUZ on the NASDAQ)

Today’s Panelists

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

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 sponsored by Buzz indexes (BUZ on the NASDAQ)

Retirement Planning, Paying Down Student Loans and Taxes. We Answer Your Listener Questions – MTI141

Tax strategies in retirement planning, defensive allocations, and where to invest when you have extra money every month…these are some of the questions we tackle in our Listener Letters episode.

Today’s episode is sponsored by BUZZ Index

 

Proudly sponosred by Buzz indexes (BUZ on the NASDAQ)

Listener Questions

Matt Has money working in various investments, but wonders if he should move away from some of his defensive positions for his retirement accounts.

Ice says: She and her hubs are still paying down student loan debt. The plan is to move in with relatives to reduce expenses. Should they throw the extra money at the student loan debt or investing instead?

Aaron asks Linda about the market correction she has been warning us to watch out for. What are the signs she sees that make her think a correction is imminent?

Michael recently graduated in accounting and “grinding out 80 hours a week”.  He wants to know if his 50/50 split to his 401(k) and ROTH or throw it all into the ROTH while he’s in a lower tax bracket?

Jacob is a 21 year old from Germany and wants to know where to find information about investments he can get in Germany.

Jeffrey wants to actively define his portfolio allocation. How do you integrate the new product offerings, like Smart ETF’s, into his future allocation plan?

Mason is in college and ready to figure out how to create a step-by-step plan he can execute on now.  How much should he put into an emergency fund before investing in his company’s 401(k) and then move onto a ROTH?

 

Today’s Panelists

Miranda Marquit | Adulting.tv
Linda P. Jones | Be Wealthy and Smart
Doug Goldstein | Goldstein on Gelt
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 sponsored by Buzz indexes (BUZ on the NASDAQ)

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)