Dave Ramsey is perhaps best known for his baby steps and helping countless people get out of debt. Among low cost index fund investors, he's also known as recommending expensive mutual funds with front loaded sales charges. While fees are important, what matters even more is after-fee returns. And that raises an important question--Does Dave Ramsey's approach to investing outperform a portfolio of low cost index funds?In this episode, we'll look at American Funds, which appear to be Dave's fu...
Opening an IRA account is an important step towards saving for retirement. The best IRA accounts have low fees, a wide array of investment options and tools that make investing easy. My analysis stems from holding accounts at each of the brokers on the list, with the exception of Ally Invest. I’ve had a Rollover IRA, Roth IRA, Traditional IRA, SEP IRA or an Inherited IRA at Wealthfront, Vanguard, Fidelity and Merrill Edge. I’ve held taxable accounts at Betterment and M1 Finance.Beyond my...
Index funds like an S&P 500 index fund will underperform other investments each and every year. It will underperform countless stocks and even other actively managed ETFs and mutual funds. To build wealth, you have to be willing to accept that other investors will outperform your portfolio each and every year. The good news is that you'll likely outperform them every decade.
A three fund portfolio is a simple approach to investing that, as the name suggests, involves just three mutual funds or exchange-traded funds. In just three funds, an investor can build a diversified, low cost portfolio that's easy to manage.Popularized by the Bogleheads, the three fund portfolio is one of several "Lazy Portfolios." You don't let the Simplicity fool you. A three fund portfolio has outperformed most comparable actively managed portfolios Over the past several decades. I...
An update on how I'm saving and investing all of the cash back rewards earned from credit cards. I'll show you my M1 Finance account, how I'm investing the rewards, and how those investments are performing.
History tells us how and why bear markets are an investor’s best friend. In this video, we walk through the numbers of the 2008 bear market to see what investors should do during a market decline.TOOLS & BOOKS I LOVEMy Book (of course): https://amzn.to/3by10EEPersonal Capital: http://go.robberger.com/PersonalCapitalMorningstar: http://go.robberger.com/MorningstarChase Sapphire Reserve: http://go.robberger.com/Sapphire_ReserveABOUT ME While still working as a trial attorney in the sec...
In this podcast, you'll learn how to maximize credit card rewards and invest them to build wealth. We look at a free credit card rewards calculator and discuss the best credit cards to get the most out of your rewards.RESOURCES MENTIONED IN THIS VIDEOCredit Card Rewards Calculator: Alliant Credit Union Visa Signature Cardhttps://www.alliantcreditunion.org/bank/visa-signature-card2.5% Cash Back$10,000 Monthly Spending Cap (1% thereafter)$99 Annual Fee (waived the first year)Apple Cardhttp...
Under the newly enacted CARES Act, you can legally stop making your mortgage payment for up to one full year. Here's what you need to know.RESOURCES MENTIONED IN PODCAST* Freddie Mac: https://myhome.freddiemac.com/own/getting-help-disaster.html* Fannie Mae: https://www.knowyouroptions.com/covid19assistance* Freddie Mortgage Lookup: https://ww3.freddiemac.com/loanlookup/* Fannie Mortgage Lookup: https://www.knowyouroptions.com/loanlookupTOOLS & BOOKS I LOVEMy Book (of course): https://amzn...
We build a free savings calculator in Google Sheets. It's easy to use, can be built in Excel if you prefer, and it will help you see the power of compounding. Enjoy!Savings Calculator: https://bit.ly/2JCfdodTOOLS & BOOKS I LOVEMy Book (of course): https://amzn.to/3by10EEPersonal Capital: http://go.robberger.com/PersonalCapitalMorningstar: http://go.robberger.com/MorningstarChase Sapphire Reserve: http://go.robberger.com/Sapphire_ReserveABOUT ME While still working as a trial attorney...
The Cares Act offers student loan forbearance on all federal student loans. Here’s what you need to know.RESOURCES MENTIONED IN THE PODCASTCARES Act: https://www.congress.gov/bill/116th-congress/house-bill/748/text#toc-H84A93012B87A4D09A1F0A6DE5E61EE31https://studentaid.gov/announcements-events/coronavirushttps://www.consumerfinance.gov/about-us/blog/what-you-need-to-know-about-student-loans-and-coronavirus-pandemic/CornerStone: 1-800-663-1662FedLoan Servicing (PHEAA): 1-800-699-2908Granite S...
Here are the resources mentioned in the podcast:Sick Leavehttps://www.irs.gov/newsroom/treasury-irs-and-labor-announce-plan-to-implement-coronavirus-related-paid-leave-for-workers-and-tax-credits-for-small-and-midsize-businesses-to-swiftly-recover-the-cost-of-providing-coronavirusTravel Reliefhttps://www.forbes.com/sites/advisor/2020/03/11/master-list-of-airline-coronavirus-policies/https://www.forbes.com/sites/forbestravelguide/2020/03/13/master-list-of-hotel-coronavirus-change-and-cancellat...
A review of an investment tracking spreadsheet you can download for free.Free Investment Tracking Spreadsheet: https://bit.ly/3dMezSPSame spreadsheet but with the rebalancing column: https://bit.ly/2vTUp8xTOOLS & BOOKS I LOVEMy Book (of course): https://amzn.to/3by10EEPersonal Capital: http://go.robberger.com/PersonalCapitalMorningstar: http://go.robberger.com/MorningstarChase Sapphire Reserve: http://go.robberger.com/Sapphire_ReserveABOUT ME While still working as a trial attorney i...
The Coronavirus has plunged us into the first bear market in more than a decade. Here’s how those in or nearing retirement can handle their investments to navigate the market crash with confidence.RESOURCESVanguard Advisory Services: https://investor.vanguard.com/financial-advisor/financial-adviceFee-only Advisors: --https://planvisionmn.com/--https://rickferri.com/Personal Capital: http://bit.ly/2IXHuFrMorningstar: http://bit.ly/3dgN1VI4% Rule--William Bengen's original 1994 article: ht...
Is it really possible to build wealth on just $5 a day? In this episode, we cover what's called the Latte Factor. We look at how small, seemingly insignificant changes in how we spend money can have a positive change in our finances.
With five years to go before retirement, there are several steps you can and should take to prepare. In this video, I'll cover 13 things to consider as your retirement date draws closer.Resources mentioned:Boldin: https://go.robberger.com/new-retireme...Tiller: https://go.robberger.com/tiller/yt-5-...Rocket Money: https://go.robberger.com/rocket-money...Lunch Money: https://go.robberger.com/lunch-money/...Vanguard Asset Allocation: https://investor.vanguard.com/investo...Open Social Security:...
At least once a year it's important to review your investment portfolio and make any necessary adjustments. Here are the 10 things I check every year:1. Write down your planned asset allocation2. Compare your actual allocation to your plan3. Evaluate individual holdings4. Evaluate your asset location5. Confirm you have beneficiaries listed for each account6. Check your performance for the past year7. Check for excessive stock concentration8. Evaluate your advisor relationship & fees9. Mak...
Welcome to this week's edition of Five Question Friday. Here are the questions we'll be covering today:1. Should you include the value of your home in your asset allocation?2. Should we tilt our portfolio to 10% SCV?3. After-Tax Asset allocation4. Tips Ladders vs ETFs: If for example we had 500k for our fixed assets portion of our portfolio, what are your thoughts on building multiple TIPs ladders with all 500k to meet our retirement goals vs. a more diversified mixof t-bills, CDs, Agency, Co...
Morningstar recently released its annual State of Retirement Income report. According to its calculations, the new safe withdrawal rate is 3.7%. The report offers some excellent data and analysis that can help us as we build our retirement income strategy.Join the Newsletter. It's Free:https://robberger.com/newsletter/?utm...
Over the past four years I've received tens of thousands of questions about investing from viewers. I've assembled 9 of the most frequently asked questions in this video. Here they are:1. Should you pay off debt or start investing?2. How do I get started investing?3. Is 100% stocks a reasonable portfolio?4. S&P 500 vs Total Stock Market Index5. Why do I need international stocks?6. Should I invest in Bitcoin?7. How do you know when you can retire?8. Lump Sum vs DCA9. How can I increase my...