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Ready For Retirement

Lessons Learned From History's Greatest Investors

Ready For Retirement

James Conole, CFP®

Investment Planning, Bonds, Education, Stocks, Cash, Business, Dividend Investing, Retirement Planning, Retirement, Investing, Tax Planning

5706 Ratings

🗓️ 13 July 2021

⏱️ 23 minutes

🧾️ Download transcript

Summary

Our topic on this episode of the Ready for Retirement podcast is about the lessons learned from history’s greatest investors. Questions answered: What do all great investors do? What are the most important lessons / stories throughout history surrounding investing? What strategies can I implement to improve my financial future? What is the best approach for my individual situation? Are you ready to start focusing on the things that truly matter when it comes to your financial future? LE...

Transcript

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0:00.0

Discover the tips and strategies that will help you achieve your retirement goals.

0:09.3

I'm your host, James Canole, and this is the podcast dedicated to helping you retire well.

0:14.6

It all starts right here on Ready for Retirement. for retirement.

0:29.6

Hi, everyone, and welcome back to another episode of Ready for Retirement.

0:30.9

I'm your host, James Cannell.

0:35.1

And it is no secret that investing can be hard.

0:37.4

Investing can be very difficult. And why that is, isn't for the reasons

0:40.8

most people would expect. What we're going to do today is we're going to talk about how can we

0:45.2

distill through all the noise, all the craziness, all of the headlines that we see around investing

0:49.7

and distill it down to some core fundamental truths that we can all apply to our lives,

0:55.5

apply to our portfolios, apply to our plans to become better investors and to create better

1:01.3

lives for ourselves. Now, before we do so, I'm going to start by reading back to you,

1:06.9

or just reading to you, some headlines that I've seen over the past few years. I'd like to

1:10.9

clip some of these just to look back and remind myself at the absurdity of the financial media

1:16.4

and how absolutely terrible they are at their jobs. So what do I mean by that? Here are some

1:23.2

headlines that have been published over the last few years. And this is a tiny sample size of

1:29.3

hundreds and thousands and tens of thousands of headlines that we've seen over the years.

1:34.3

The first one though, this headline says the Dow drops nearly 3,000 points as coronavirus

1:39.3

collapse continues, worst day since 87. A year before that. The Dow plunges 760 points and worst day of

1:46.9

2019 as the trade war intensifies. A few days, few years before that. A 5% pullback could happen

1:53.5

within weeks. Here's how David Bianco of Deutsche Asset Management says you should protect yourself

1:58.5

in August of 2017. Well, I'm reading this because this is

...

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