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This is the fifteenth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we looked at juggling competing financial goals, like getting out of debt and saving for retirement. In today’s podcast, we turn to investing with an interview of Carl Richards, author of The Behavior Gap.
- Why Carl starting drawing sketches to explain complex financial concepts.
- Why investors earn less than their investments actually return.
- Why the average holding period of a mutual fund is under 3 years.
- What is the Behavior Gap?
- Why investors tend to buy high and sell low?
- The importance of an asset allocation plan to avoid the Behavior Gap.
- How Carl helps clients determine how much to invest in stocks and bonds.
- Rules of thumb to decide on a stock and bond allocation.
- The critical role of expenses in retirement investing.
- The impact investment fees have on a portfolio
- The Behavior Gap (Amazon)
- The Behavior Gap website
- Vanguard 500 Index fund
- Books by Dan Solin
- Books by Larry Swedroe
- The Only Guide to a Winning Investment Strategy You’ll Ever Need: The Way Smart Money Preserves Wealth Today
- Fooled by Randomness
Day 16: Invest Like a Business Owner