Thank you again for tuning into the Mind of a Millionaire podcast. This week, Zak takes another crack at answering some of our more frequently asked listener questions. Please continue to send us those questions – we are having a lot of fun answering them. Submit them on our website or find us on Twitter and Facebook.
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Is it risky to pick your own stocks? [0:23]
- Concentration risk [0:57]
- The business cycle [2:04]
The average nominal return in the stock market from 1966-2015 was 9.69% (Motley Fool). [4:02]
How much time does investing take? [4:24]
“Hold a stock for a tenth of a second or hold a stock for ten years.” [4:48]
How much vetting will you have to do? [6:08]
How often should I check my portfolio? [8:25]
Should windfalls go to investing or paying down debt first? [10:23]
- Have you completed your cash reserve?
My faith in higher education is a bit shaken [given the recent college entrance scandal]; what are your thoughts on paying for these more expensive schools? [13:19]
What do you value more: your child’s integrity or their admission to an Ivy League school they don’t belong to? [15:06]
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
No strategy assures success or protects against loss.
All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.
There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.
Investing in mutual funds involves risk, including possible loss of principal.
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