In this episode: buy and hold, macroeconomics, interest rates, bond investing, when to sell, mindset, and thinking differently.
This week we are joined once again by friend of the show Brian Feroldi to discuss the stock market and investing as we head into 2024. As most of you know by now, keeping your head down and staying the course is a pretty typical investing strategy in the FI community, but it is important to remember personal finance is personal. Depending on your situation, life may require you to mold that strategy into something else as your mindset and seasons of life change! Make sure your are not only optimizing your financial situation, but also your life in the process!
Brian Feroldi:
- Website: stockinvesting.school
- Website: longtermmindset.co
- Twitter: @BrianFeroldi
- LinkedIn: Brian Feroldi
Timestamps:
- 0:33 - Introduction
- 3:42 - Buy and Hold
- 8:36 - "Macroeconomics"
- 15:17 - The Impact of Interest Rates/ Bond Investing
- 20:36 - High Yield Savings Accounts
- 27:18 - 2024 Investing
- 33:19 - When to Sell
- 38:05 - The Evolution of Your Mindset
- 43:40 - Thinking Differently
- 47:52 - VTSAX
- 51:21 - Conclusion
Resources Mentioned In Today’s Episode:
- The Motley Fool
- "Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!" by Robert Kiyosaki
- The Role Of Bonds In A Portfolio with Frank Vasquez | ChooseFI Ep 194
- Risk Parity Radio
- "Die With Zero: Getting All You Can from Your Money and Your Life" by Bill Perkins
- Subscribe to The FI Weekly!
More Helpful Links and FI Resources: - Top 10 Recommended Travel Rewards Credit Cards
- Empower: Free Dashboard to Track Your Finances
- CIT Bank Platinum Savings Account
- M1 Finance: Commission-Free Investing, 1-click rebalancing
- CashFreely: Maximize Your Cash Back Rewards
- Travel Freely: Track all your rewards cards and points
- Emergency Binder: For Your Family’s Essential Info (code ‘CHOOSEFI’ for 20% off)
- Student Loan Planner: Custom Consult (with $100 Discount)