This is a repeat of Listener Favourite of episode 218 3 simple things (in retirement planning).
In this episode (from all the way back in 2021), Michael and Dallas sat down and discussed how simple it can be to get ahead financially, but also how hard it can be to not make an error through panic.
Michael uses a real-life example of investing at the worst possible point in time (i.e. right before the Global Financial Crisis), explaining how keeping to the plan and not panicking creates a positive outcome.
For more information, please visit www.mo50.com.au
259 The percentage of podcasts we dedicate to not panicking
258 Why should it be easy?
257 Don’t spread your eggs (when you’re already highly diversified)
256 75c McDonald ice cream cones (things are going to cost more money in the future)
255 The stock tip
254 Directionally right is more important than precision
253 Having a healthy diet doesn’t guarantee a long & healthy life
252 There is nothing wrong with a 50% drop (when invested in good quality companies)
251 Attitudes of money - it can’t make you feel safe and be unreliable at the same time
250 Happy 30th birthday superannuation
249 Getting talked back into working after retiring
248 The best way to avoid panicking in a downturn is to not panic
247 Why my kids won’t get an inheritance
246 ”What do you think about buying BHP shares?” ”I don’t...” - The questions that are actually important
245 Running out of money is not a valid strategy
244 Listener question - When to draw from cash band?
243 Listener Question - Super income stream
242 Pain does exist in this dojo (building for your future isn’t pain-free)
241 You make your money by holding for 30 years
240 The Baltic Dry Index
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