The 8 Great Mistakes of Investing. Also, Fractional Savings Accounts

Money Plan SOS

Aug 28 2015 • 1 hr 8 mins

#198: OG (aka The Other Guy from Stacking Benjamins) joins me to share the 8 Great Mistakes in Investing

Full show notes at https://moneyplansos.com/8-great-mistakes-of-investing-and-fractional-savings-accounts/

The 8 Great Mistakes of Investing are:

Under-diversification
Over-diversification
Euphoria
Panic
Leverage
Speculating
Investing for yield and not total return
Cost basis dictating decision

Thanks to OG for coming over. You can find him at http://StackingBenjamins.com - my favorite podcast.

Also mentioned in this episode:

The Great Beanie Baby Bubble by Zac Bissonnette. Amazing stuff! Here's the Stacking Benjamins affiliate link: http://amazon.com/dp/B00INIXVPW/?tag=thefreefinanc-20

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Steve Stewart's Budget Coaching Course on video: Http://moneyplansos.com/start

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Ponda from the Honda: SPEND IT ALL (sort of)

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Fractional and Automated Savings Accounts - are they a good idea?

Deanna Richardson from Richardson Accounting and Consulting, PLLC @ theCPA-4U.com asked

“Have you heard of Digit? Seems like a great way to build up an emergency fund and....it says it is free. Then their are bonuses for keeping $100 in it over 3 months. If I did my math right, the bonuses are over 2.5% interest (5 cents / week per $100). Would love to hear what you think.”

I tackle these new fractional, or automatic, savings accounts: Acorns, Digit and Betterment’s SmartDollar

Links: