Rule #1 Finance Blog

With Investor Phil Town

InvestED: Ep. 189- Following the Indexes

In this week’s episode, we discuss a few dirty truths about the financial services industry and why it’s impossible for financial advisors to grow your money as well as you can. We also talk about the fundamentals of Rule #1 Investing and why most financial advisors can’t do it.

In Episode 189 You’ll Learn:

  1. How to have an amazing retirement.
    • By following the best investors in the world, Charlie Munger and Warren Buffett etc.
      Find wonderful businesses on sale that are compounding machines that keep the rate of return above inflation.
  2. The dirty truth about the financial industry.
    • Most of us don’t have enough money to get taken on by a high-end financial advisor, who will put your money into great high-end kinds of funds. So you are left with buying an index.
    • Very few financial advisors have a clue when it comes to picking wonderful businesses on sale.
    • Financial advisors deal with difficult problems and they do have enormous value to help someone who’s wealthy to manage and diversify their assets.
  3. Learn what to do if you can’t afford a financial advisor.
    • You don’t need to pay advisor fees to have a great retirement. Learn what you should buy to do as well as the stock market and even better than most people with an advisor.
  4. The fundamental skill set of a Rule #1 Investor.
    • They are capable of doing nothing for long periods of time, they control their capital.
    • Impossible for fund managers to do because they are judged on a shorter term period of time and as a result, they are going to invest differently so that they can keep their jobs.
On the InvestED podcast, Phil and his daughter Danielle shine a light on the successful investing strategies that gurus like Warren Buffett have used for 80 years. Listen in for a great stock market education on basics, learn how to invest on your own, and follow along with real-time examples and investing tips from week to week.