3102: Why We Ignore The Stock Market And You Should Too: Demystifying Personal Finance Part 4 by Liz of FrugalWoods

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Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 9 April 2025

⏱️ 14 minutes

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Summary

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 3102: Liz of Frugalwoods makes a compelling case for tuning out market noise and focusing instead on the variables you can control, like saving more, earning more, and investing consistently. Her down-to-earth wisdom reminds us that emotional reactions to stock volatility are distractions from the real drivers of long-term wealth: discipline, low fees, and the magic of compounding. Read along with the original article(s) here: https://www.frugalwoods.com/2016/01/20/why-we-ignore-the-stock-market-and-you-should-too-demystifying-personal-finance-part-4/ Quotes to ponder: "I’m not going to tell you how to optimize your investments or beat the market or pick that one hot fund - why not? Because I don’t know how to and neither does anyone else." "My approach to all things in life is to control what I can and to categorically ignore/let go of the things I can’t." "Pulling in and out of the market when you feel the slightest twinge of panic is a great way to ensure you’ll never make any money from your investments." Episode references: FSTVX - Fidelity Total Market Index Fund (now FXAIX): https://www.fidelity.com/mutual-funds/fidelity-funds/overview Personal Finance Club by Jeremy Schneider: https://www.personalfinanceclub.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:24.0	Adobe Express, the quick and easy create anything app.
0:30.7	This is Optimal Finance Daily.
0:33.5	Why we ignore the stock market, and you should too.
0:36.7	Demystifying personal finance.
0:39.1	By Liz of frugalwoods.com
0:41.3	Apparently, the stock market is doing terrible things right now, but I don't care.
0:47.8	Monitoring the stock market like frugalwood stock squirrels is a patently useless waste of time, energy, and brain capacity.
0:56.8	Same for Frugal Hound as she's tethered to a leash, and the squirrels are decidedly not.
1:03.1	There's simply nothing to gain by it.
1:06.1	I'm taking a different tact.
1:08.8	I'm not going to tell you how to optimize your investments or beat the market
1:12.7	or pick that one hot fund. Why not? Because I don't know how to and neither does anyone else.
1:20.7	No one can predict what the market will do and there's no secret formula for beating it.
1:26.5	What you can do. There are, however, two surefire ways to beef up
1:32.0	your investment portfolio. Number one, increase your savings, and number two, increase your
1:37.9	earnings. I realize this is ridiculously less sexy than playing day trader on your phone
1:44.0	in your cubicle, but these are
	...

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