177: How to Take Charge of Your Personal Finance, With Gil Baumgarten & Kevin Bees Profit Maximisation Expert

Gil Baumgarten is a disruptive wealth management pioneer. After battling UBS in defense of 100% ETF portfolios, a direct assault on the firm’s fee-rich mutual fund business, he was on the original beta-test team of six advisors permitted to run discretionary ETF portfolios in 2002.  He has since been named one of the “Top-20 ETF Thought Leaders in the U.S.” by Barron’s and The Wall Street Journal.

 

Gil’s fee-only fiduciary firm, Segment Wealth Management, is a top-15 firm in Houston as ranked by the Houston Business Journal. Gil is perennially named a top 50 advisor in Texas by Barron’s, out of the state’s 26,002 registrants.

 

Gil is also the best-selling author of FOOLISH: How Investors Get Worked Up and Worked Over by the System. The book takes readers through the dark tunnels of the brokerage fee ecosystem and takes a deep dive on investors’ self-harm tendencies driven by ego satisfaction.

 

In this episode, Gil Baumgarten shares:

 

• What’s happening to the financial system and what can we do to take control of our financial future

• How a fiduciary system can benefit you

• Insights on confirmational biases

• what we should be doing to guide ourselves through the current economic situation

• The importance of having a financial guide

• The best stocks to invest in

• The advantages of investing in ETFs

• Investment recommendations for investors with portfolio values of over 5 million dollars

• Investment recommendations for investors with portfolio values of under 5 million dollars

• Managing liquidity to create wealth and take control of our finances

• The best route to sustainable wealth

• How the quality of the questions we ask ourselves impact the quality of the life that we lead

• How to create the mental ecosystem to produce the best financial results

• How to have a better result by avoiding taxes and fees

• idea or concept of beginning with the end in mind

• And much more...

 

 

Resources mentioned in today’s show:

 

Segment Wealth website: https://segmentwm.com/

FOOLISH: https://gilbaumgarten.com/book/

Gil’s Musings: https://segmentwm.com/blog/

The Intelligent Investor - Benjamin Graham

Money Master The Game: Tony Robbins

 

If you would like more insights on profit maximization for your business, visit: www.ProfitHive.com.au