3213: What to Look for When Reading a Mutual Fund Prospectus by Emily Guy Birken with PT Money
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3213:
Emily Guy Birken breaks down the intimidating world of mutual fund prospectuses into manageable parts, empowering investors to make smarter, fee-conscious decisions. From understanding investment strategy alignment to spotting hidden costs, this guide helps demystify the fine print that can make or break your portfolio.
Read along with the original article(s) here: https://ptmoney.com/mutual-fund-prospectus/
Quotes to ponder:
"A prospectus is a document that provides investors with information about the investments that make up the mutual fund, as well as other details of the company’s business."
"You will often see two tables: one that compares the returns of fund in question to the 1-, 5-, and 10-year returns of index funds and one that shows the annual or quarterly returns for the past 10 or so years."
"According to his estimate, a 100% turnover adds another full 1% to the cost of a fund."
Episode references:
Kiplinger: https://www.kiplinger.com
Investopedia: https://www.investopedia.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
--------
13:18
--------
13:18
3212: You Won’t Lose All Your Money Investing (If You Take This Advice) by Robert Farrington of The College Investor
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3212:
Robert Farrington tackles the widespread fear of losing everything in the stock market and explains why that scenario is incredibly rare with the right approach. Backed by historical data and practical strategies like diversification, emergency savings, and knowing your investment timeline, this post empowers hesitant investors to start building wealth with confidence.
Read along with the original article(s) here: https://thecollegeinvestor.com/16569/you-wont-lose-all-your-money-investing-if-you-take-this-advice/
Quotes to ponder:
"My biggest fear right now that is holding me back from investing is the possibility of losing the little money that I have."
"The point is, you have to be completely amiss to lose all your money investing."
"If the stock market does crash and you lose 50% of your portfolio, your 6 month emergency fund just became a 3 month emergency fund."
Learn more about your ad choices. Visit megaphone.fm/adchoices
--------
11:53
--------
11:53
3211: Stranger In A Strange Land by Jacob Lund Fisker on Embracing Frugality Early to Gain Financial Freedom
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3211:
Jacob Lund Fisker dismantles the traditional life script of debt-fueled consumption and lifelong employment, exposing how it traps individuals in a cycle of dependency. He proposes a radically different path, front-loading effort, and embracing frugality early, to gain the freedom and flexibility to explore life on your own terms.
Read along with the original article(s) here: http://earlyretirementextreme.com/stranger-in-a-strange-land.html
Quotes to ponder:
"If you have debt, you are not a free person. You are explicitly owned by your debt and implicitly owned by the creditor."
"Your twenties is a good time to make sacrifices. Most likely, this will be the healthiest time of your life."
"Now is the time to explore things that are meaningful to you. Travel. Work in another country. Try a different career."
Learn more about your ad choices. Visit megaphone.fm/adchoices
--------
11:58
--------
11:58
3210: Self-Discovery Is a Kind of Self-Respect by Vironika Tugaleva on Unconditional Self-Acceptance and Personal Growth
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3210:
Vironika Tugaleva offers a transformative perspective on the relationship between self-discovery and self-respect, urging readers to embrace their whole selves, including the parts they’ve hidden or judged. Her reflections challenge the idea that self-improvement starts with shame, proposing instead that true change begins with unconditional self-acceptance.
Read along with the original article(s) here: https://www.vironika.org/self-discovery-self-respect/
Quotes to ponder:
"Self-respect isn’t something you earn by becoming a better person. It’s something you discover when you realize you were worthy all along."
"To reject who you are is to reject your own humanity."
"You can’t hate yourself into change. You can’t reject yourself into growth. That’s not how it works."
Episode references:
The Untethered Soul: https://www.amazon.com/Untethered-Soul-Journey-Beyond-Yourself/dp/1572245379
The Mastery of Love: https://www.amazon.com/Mastery-Love-Practical-Relationship-Toltec/dp/1878424424
The Gifts of Imperfection: https://www.amazon.com/Gifts-Imperfection-Think-Supposed-Embrace/dp/159285849X
Learn more about your ad choices. Visit megaphone.fm/adchoices
--------
11:16
--------
11:16
3209: 4 Red Flags To Watch Out For Before Buying An Annuity by Tania Brown on Protecting Retirement Money
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3209:
Tania Brown breaks down four major warning signs that can signal an annuity might not be in your best interest, from high-pressure sales tactics to advisors downplaying the risks. This eye-opening piece empowers listeners to better protect their retirement money and make more informed decisions when navigating complex annuity options.
Read along with the original article(s) here: https://www.financialfinesse.com/2019/01/25/4-red-flags-to-watch-out-for-before-buying-an-annuity/
Quotes to ponder:
"Once you sign, no matter what you thought you were getting, you are pretty much stuck with the annuity."
"There is an inherent trust people have in anyone presenting himself or herself as a financial professional."
"No matter how good an investment is, there are always risks."
Episode references:
State Insurance Department Directory: https://content.naic.org/state-insurance-departments
Broker Check: https://brokercheck.finra.org
Learn more about your ad choices. Visit megaphone.fm/adchoices
About Optimal Finance Daily - Financial Independence and Money Advice
Optimal Finance Daily, hosted by Diania Merriam, the innovative mind behind the personal finance conference EconoMe, takes you on an enlightening journey through the world of personal finance. Each episode brings to life the most compelling and practical advice from leading financial bloggers and experts. Diania’s engaging narration and insightful commentary transform complex financial concepts into relatable, actionable insights. Whether it’s budgeting, investing, debt management, or money mindfulness, she covers it all, making financial wisdom accessible to everyone.
Gain not just knowledge, but also the motivation to apply it in your daily life. It's not just a source of personal finance tips; it’s a daily companion that guides you towards financial independence and savvy money management, all delivered with Diania's trademark enthusiasm and expertise. By focusing on early retirement, financial independence, and saving money, each episode provides you with the tools needed to achieve your financial goals.
This podcast is designed for those passionate about personal finance, early retirement, financial independence, and saving money. It’s your go-to source for practical advice on managing your finances, saving money, and working towards early retirement. Each episode offers actionable steps to foster financial independence and secure your financial future.
Listen now, and become an OLD friend--your optimal life awaits...
Listen to Optimal Finance Daily - Financial Independence and Money Advice, Hot Money: Agent of Chaos and many other podcasts from around the world with the radio.net app
New Zealand