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#230: The Wealth Ladder is a new philosophy for thinking about money and in this episode you'll learn exactly how to handle your spending, income, investments, and more, with tailored advice for every stage. We cover strategies to boost income, spend smarter with the 0.01% rule, avoid costly financial traps, evaluate new business opportunities, and achieve financial freedom. Nick Maggiulli is a financial writer, data expert, and the COO of Ritholtz Wealth Management. He's the creator of the popular financial blog Of Dollars and Data and the author of Just Keep Buying and The Wealth Ladder. Link to Full Show Notes: https://chrishutchins.com/the-wealth-ladder-nick-maggiulli Partner Deals LMNT: Free sample pack of my favorite electrolyte drink mix Gelt: Skip the waitlist on personalized tax guidance to maximize your wealth MasterClass: Learn from the world's best with 15% off Notion: Try Notion AI free to automate tedious tasks and streamline your work Trust & Will: Get 20% off personalized, legally binding estate plans For all the deals, discounts and promo codes from our partners, go to: chrishutchins.com/deals Resources Mentioned Nick: X | Instagram | LinkedIn | Blog Pre Order: The Wealth Ladder: Proven Strategies for Every Step of Your Financial Life Research Data Sources Survey of Consumer Finances (SCF) Panel Study of Income Dynamics (PSID) ATH Podcast Ep #59: Save Money, Build Wealth and Just Keep Buying with Nick Maggiulli Ep #206: The Gold Market: Strategies for Investing and Reselling with Trey Benedict Ep #213: The 5 Types of Wealth with Sahil Bloom Leave a review: Apple Podcasts | Spotify Email for questions, hacks, deals, and feedback: podcast@allthehacks.com Full Show Notes (00:00) Introduction (02:15) Big Misconception: Wealth vs. Income (04:43) Why You Should Think About Wealth as a Ladder (08:54) Level 1: Living Paycheck to Paycheck (11:18) How to Grow Your Income in Level 2 (14:04) What Is the 0.01% Rule? (18:43) Leveling Up from Level 3: Investing & Side Hustles (21:21) The Risk of Overspending (22:41) Nick's Research Data Sources (24:15) The Difference Between Level 3 and Level 4 (29:44) Risks People Face at Level 3 and 4 (33:40) Transitioning from Level 4 to 5 (35:56) How to Manage Lifestyle Creep (38:49) Level 5 and 6 of the Wealth Ladder (40:24) The 5 Different Types of Wealth (41:47) How Does Happiness Correlate with the Wealth Ladder? (43:47) The Average Timeline to Climb Up the Wealth Ladder (47:30) Using the 1% Rule to Evaluate Business Opportunities (50:20) Accessing Travel Freedom Through Points & Miles (52:36) Biggest Lessons Nick Learned on His Wealth Journey (53:54) The Impact of Understanding the Wealth Ladder (55:02) Where to Find Nick's Book and Other Work Connect with Chris Newsletter | Membership | X | Instagram | LinkedIn Editor's Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post. Learn more about your ad choices. Visit megaphone.fm/adchoices
Feeling a little queasy about your financial plans for 2025? Fear not! Today, Joe steps out of the cozy basement and straight into the bustling chaos of Manhattan to bring you top-tier advice from some of the brightest financial minds. Joined by Paula Pant from Afford Anything, Nick Magiulli, author of the Of Dollars and Data blog, and Doc G from the Earn & Invest Podcast, this powerhouse panel digs into the money missteps you'll want to dodge in the year ahead. From tackling FOMO in investments to learning why small, consistent changes are your financial BFFs, this episode is packed with practical tips to help you make 2025 a year of smart money moves (and fewer facepalms). What's Inside: Meet our stellar guests and hear how New York City inspired their financial insights. Discover why chasing the next big investment trend could leave you behind. Learn how an investment policy statement can keep your goals on track. Avoid analysis paralysis when market uncertainty strikes. Uncover strategies to navigate political uncertainty without losing sleep (or cash). Dive into real estate trends, historical data, and staying focused on what you can control. Understand the power of spending on what truly matters to you. Find out why gradual changes beat impulsive overhauls every time. Learn how doubling down on bad decisions is like hitting a pothole and accelerating instead of swerving. Episode Highlights: Meet the Guests: Get to know Paula Pant, Nick Magiulli, and Doc G as they join Joe in the Big Apple for some big-time financial lessons. NYC Moments: Joe shares a peek into his adventures in Manhattan—yes, it's a jungle out there. Investment FOMO: Why chasing trends could cost you (and how to avoid it). Building an Investment Policy Statement: Your GPS for financial decision-making. Analysis Paralysis: How to keep market fears from freezing your progress. Navigating Political Uncertainty: Keep your portfolio calm, even when headlines aren't. Spending Smarter: Align your money with what you value most. Gradual Wins: Why slow and steady wins the financial race every time. Bad Decisions: How to recognize when you're doubling down and when to hit the brakes.
On episode 144 of Ask The Compound, Ben Carlson and Duncan Hill are joined by Nick Maggiulli, RWM COO and author of Just Keep Buying and Of Dollars and Data to discuss bull and bear market definitions, if small cap exposure enhances diversification, valuing a pension, knowing when to take profits, and much more! Submit your Ask The Compound questions to askthecompoundshow@gmail.com! Thanks to Rocket Money for sponsoring this episode! Visit: http://rocketmoney.com/atc and cancel your unwanted subscriptions today! The Compound x Tropical Bros: https://tropicalbros.com/products/super-stretch-the-compound-hawaiian-shirt Subscribe to The Compound Newsletter for all the latest Compound content, live event announcements, find out who the next TCAF guest is, get updates on the latest merch drops, and more! https://www.thecompoundnews.com/subscribe
On episode 118 of Ask The Compound, Ben Carlson and Duncan Hill are joined by the author of Just Keep Buying and Of Dollars and Data, Nick Maggiulli, to discuss timing asset allocation, renting vs buying real estate, optimizing your portfolio glide path, and much more! Submit your Ask The Compound questions to askthecompoundshow@gmail.com! Subscribe to The Compound Newsletter for all the latest Compound content, live event announcements, find out who the next TCAF guest is, get updates on the latest merch drops, and much more! https://www.thecompoundnews.com/subscribe
Ultimo episodio del 2023 e lista di buoni propositi per il nuovo anno.Come risparmiare e investire per un 2024 di successi!Nick Maggiulli, Of Dollars and DataSeguiteci anche su Instagram!https://instagram.com/thebull_finance?igshid=OGQ5ZDc2ODk2ZA=================================================#ad #Scalablecapital
Today is about the “sandwich generation.” First, we're talking logistics and emotions with parent coach and author Jaci Finneman, who shares her top advice on juggling it all while making time for yourself. Then, I'm speaking with financial expert Nick Maggiulli about a few things to keep in mind when it comes to money and caring for everyone around you. Learn more about our guests: https://www.theNewsWorthy.com/shownotes Sign-up for our bonus weekly email: https://www.theNewsWorthy.com/email Become an INSIDER for ad-free episodes: https://www.theNewsWorthy.com/insider This episode is brought to you by BetterHelp: https://www.BetterHelp.com/NEWSWORTHY This episode was also sponsored by AG1: https://www.drinkAG1.com/newsworthy To advertise on our podcast, please reach out to sales@advertisecast.com #SandwichGeneration #Caregivers #Parenting Jaci Finneman's No-Problem Parenting Podcast” Free download: "60 Ways to Respond to Your Kids Without Losing Your Cool" Nick Maggiulli's newsletter “Of Dollars and Data” His book: “Just Keep Buying”
Nick Maggiulli talks about money perspective Episode 2529: Who Feels Rich Really? by Nick Maggiulli of Of Dollars and Data on Money Perspective The goal of Of Dollars And Data is to help you make better financial decisions using the best information available. Ultimately, Nick wants you to act smarter and live richer. As a result, this blog will cover ideas such as: -What to expect from financial markets -How to think about risk -How to time investment purchases -How to find good information and ignore bad information -How to organize and manage your finances -The best ways to increase your long-term wealth And much, much more. Though the ideas presented on this blog won't revolutionize finance, they will provide you with a different perspective on money that you can use in your everyday life. Nick is sure of this because of the hundreds of hours of research that went into the more than 300 posts currently published on this blog. The original post is located here: https://ofdollarsanddata.com/who-feels-rich-really/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices
Nick Maggiulli talks about money perspective Episode 2529: Who Feels Rich Really? by Nick Maggiulli of Of Dollars and Data on Money Perspective The goal of Of Dollars And Data is to help you make better financial decisions using the best information available. Ultimately, Nick wants you to act smarter and live richer. As a result, this blog will cover ideas such as: -What to expect from financial markets -How to think about risk -How to time investment purchases -How to find good information and ignore bad information -How to organize and manage your finances -The best ways to increase your long-term wealth And much, much more. Though the ideas presented on this blog won't revolutionize finance, they will provide you with a different perspective on money that you can use in your everyday life. Nick is sure of this because of the hundreds of hours of research that went into the more than 300 posts currently published on this blog. The original post is located here: https://ofdollarsanddata.com/who-feels-rich-really/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices
What is driving negative sentiment about the economy and which issues are most relevant for retail investors? Nick Magguilli, COO at Ritholtz Wealth Management and creator of the personal finance blog "Of Dollars and Data" joins Morgan Housel and Doug Boneparth to discuss whether the stock market is really as bad as it seems, the lingering threat of stubborn inflation, the role of luck in investing and why believing it isn't real can be powerful for your portfolio, and more. The content of the video is for general and informational purposes only. All views presented in this show reflect the opinions of the guest and the host. You should not take a mention of any asset, be it cryptocurrency or a publicly traded security as a recommendation to buy, sell or hold that cryptocurrency or security. Guests and hosts are not affiliated with or endorsed by Public Holdings or its subsidiaries. You should make your own financial and investment decisions or consult respective professionals. Full disclosures are in the channel description. Learn more at Public.com/disclosures. Past performance is not a guarantee of future results. There is a possibility of loss with any investment. Historical or hypothetical performance results, if mentioned, are presented for illustrative purposes only. Do not infer or assume that any securities, sectors or markets described in the videos were or will be profitable. Any statements of future expectations and other forward-looking statements are strictly based on the current views, opinion, or assumptions of the person presenting them, and should not be taken as an indicator of performance nor should be relied upon as an investment advice.
Nick Magiulli, author of the book "Just Keep Buying" and founder of the Of Dollars and Data blog, shares his insights on personal finance, investing, and the future of financial technology. You will hear Nick's advice on building wealth over the long-term, the importance of investing early and often, and his thoughts on the latest trends in personal finance.
Nick Maggiulli talks about a margin of safety Episode 2452: A Margin of Safety by Nick Maggiulli of Of Dollars and Data on Making Wise Investment Decisions The goal of Of Dollars And Data is to help you make better financial decisions using the best information available. Ultimately, Nick wants you to act smarter and live richer. As a result, this blog will cover ideas such as: -What to expect from financial markets -How to think about risk -How to time investment purchases -How to find good information and ignore bad information -How to organize and manage your finances -The best ways to increase your long-term wealth And much, much more. Though the ideas presented on this blog won't revolutionize finance, they will provide you with a different perspective on money that you can use in your everyday life. Nick is sure of this because of the hundreds of hours of research that went into the more than 300 posts currently published on this blog. The original post is located here: https://ofdollarsanddata.com/a-margin-of-safety Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices
Nick Maggiulli talks about a margin of safety Episode 2452: A Margin of Safety by Nick Maggiulli of Of Dollars and Data on Making Wise Investment Decisions The goal of Of Dollars And Data is to help you make better financial decisions using the best information available. Ultimately, Nick wants you to act smarter and live richer. As a result, this blog will cover ideas such as: -What to expect from financial markets -How to think about risk -How to time investment purchases -How to find good information and ignore bad information -How to organize and manage your finances -The best ways to increase your long-term wealth And much, much more. Though the ideas presented on this blog won't revolutionize finance, they will provide you with a different perspective on money that you can use in your everyday life. Nick is sure of this because of the hundreds of hours of research that went into the more than 300 posts currently published on this blog. The original post is located here: https://ofdollarsanddata.com/a-margin-of-safety Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices
Nick Maggiulli talks about a margin of safety Episode 2452: A Margin of Safety by Nick Maggiulli of Of Dollars and Data on Making Wise Investment Decisions The goal of Of Dollars And Data is to help you make better financial decisions using the best information available. Ultimately, Nick wants you to act smarter and live richer. As a result, this blog will cover ideas such as: -What to expect from financial markets -How to think about risk -How to time investment purchases -How to find good information and ignore bad information -How to organize and manage your finances -The best ways to increase your long-term wealth And much, much more. Though the ideas presented on this blog won't revolutionize finance, they will provide you with a different perspective on money that you can use in your everyday life. Nick is sure of this because of the hundreds of hours of research that went into the more than 300 posts currently published on this blog. The original post is located here: https://ofdollarsanddata.com/a-margin-of-safety Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices
Nick Maggiulli tells you how to improve your career Episode 1051: Want to Improve Your Career? Become an Uncertainty Killer by Nick Maggiulli of Of Dollars and Data on Best Career Skills The goal of Of Dollars And Data is to help you make better financial decisions using the best information available. Ultimately, Nick wants you to act smarter and live richer. As a result, this blog will cover ideas such as: -What to expect from financial markets -How to think about risk -How to time investment purchases -How to find good information and ignore bad information -How to organize and manage your finances -The best ways to increase your long-term wealth And much, much more. Though the ideas presented on this blog won't revolutionize finance, they will provide you with a different perspective on money that you can use in your everyday life. Nick is sure of this because of the hundreds of hours of research that went into the more than 300 posts currently published on this blog. The original post is located here: https://ofdollarsanddata.com/become-an-uncertainty-killer/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? Visit https://www.advertisecast.com/OptimalStartUpDaily Learn more about your ad choices. Visit megaphone.fm/adchoices
Nick Maggiulli tells you how to improve your career Episode 1051: Want to Improve Your Career? Become an Uncertainty Killer by Nick Maggiulli of Of Dollars and Data on Best Career Skills The goal of Of Dollars And Data is to help you make better financial decisions using the best information available. Ultimately, Nick wants you to act smarter and live richer. As a result, this blog will cover ideas such as: -What to expect from financial markets -How to think about risk -How to time investment purchases -How to find good information and ignore bad information -How to organize and manage your finances -The best ways to increase your long-term wealth And much, much more. Though the ideas presented on this blog won't revolutionize finance, they will provide you with a different perspective on money that you can use in your everyday life. Nick is sure of this because of the hundreds of hours of research that went into the more than 300 posts currently published on this blog. The original post is located here: https://ofdollarsanddata.com/become-an-uncertainty-killer/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? Visit https://www.advertisecast.com/OptimalStartUpDaily Learn more about your ad choices. Visit megaphone.fm/adchoices
Robert Leonard chats with Nick Maggiulli about building additional income streams and growing income to build wealth.Nick Maggiulli is the Chief Operating Officer and Data Scientist at Ritholtz Wealth Management, where he oversees operations across the firm and provides insights on business intelligence. IN THIS EPISODE, YOU'LL LEARN: 00:00 - Intro06:02 - Why many people should put more focus on growing their income to build wealth.12:10 - How one should go about building additional income streams on the side.15:46 - How using the 2x spending rule can help you eliminate guilt in making larger purchases.25:54 - Nick's thoughts on what to do with money intended to be used as an emergency fund or a home down payment.36:27 - Why dollar-cost averaging is better than trying to time the market.46:04 - Why you should reconsider maxing out your 401k if you're currently doing so.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out Nick's new book, Just Keep Buying.Check out Nick's blog, Of Dollars and Data.Related episode: Listen to MI115: Young Investors Getting Started w/ Kelly Lannan, or watch the video.Related episode: Listen to MI143: Good Money Revolution w/ Derrick Kinney, or watch the video.NEW TO THE SHOW?Check out our Millennial Investing Starter Packs.Browse through all our episodes (complete with transcripts) here.Try Robert's favorite tool for picking stock winners and managing our portfolios: TIP Finance.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Be confident that you'll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Return to the all-access world of the rich and powerful. Don't miss new episodes of Billions streaming August 11th on the Paramount Plus with Showtime plan.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite's popular KPI Checklist, designed to give you consistently excellent performance for free.Make investing in Short Term Rentals aka Air-BNBs simple, passive, and profitable with Techvestor. Listeners of Millennial Investing get better terms by just mentioning "Millennial Investing!" Sign up and book your call with their Investor Relations Team to get started today.Support our free podcast by supporting our sponsors.Connect with Nick: Website | Twitter | LinkedIn Connect with Robert: TwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
If you are looking for more resources to dive into financial planning, this episode is for you! Corey and Rachelle list out a few of their favorite books, blogs, and podcasts. There is a little something for everyone here! Books: Some of our favorites include: Financial Planning Basic for Doctors by Marshall Weintraub, et al. Advisors at our firm wrote this one! The Psychology of Money by Morgan Housel Behavior Gap and The One Page Financial Plan by Carl Richards The Opposite of Spoiled by Ron Lieber Blogs: Everyone's favorite, The White Coat Investor! A little biased against advisors and a little heavy on the advertisements, but still a wealth of information. Another classic, The Physician on FIRE. For those that want to achieve financial independence as quickly as possible. If you like numbers and analysis, Of Dollars and Data with Nick Maggiulli is great. If you like a little of everything, Abnormal Returns aggregates daily finance articles and blogs from around the web. Podcasts: Do you really want or need anything other than our pearls of wisdom? Maybe! Different perspectives can be very helpful and cover different topics. Bonnie Koo at Wealthy Mom MD talks about her own journey through medical training and debt. Corey's favorite, Morgan Housel, has a podcast! Listen to the episode to hear more about these resources and our thoughts on them. With any media, especially resources found online, use your critical thinking skills and verify information before committing it to long-term memory. In the end, a lot of this is behavior-based, and you have to find the resources that work well for you. For more financial planning tips from Corey and Rachelle, find them on social media! LinkedIn: @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Finity Group, LLC and Cambridge are not affiliated. Cambridge does not offer tax or legal advice.
This week's retirement reading is from Of Dollars and Data titled, The Return on Hassle Spectrum. Listen in as Casey Weade breaks down the article and shares what he thinks! Today's episode can also be accessed by visiting RetireWithPurpose.com/380. Show Notes: RetireWithPurpose.com/380 Rate & Review the Podcast: RetireWithPurpose.com/review Sign Up to Casey's Weekend Reading Email! Sifting through the copious amount of conflicting financial advice and retirement information can be daunting - but it doesn't have to be! Each week, Casey makes it super easy. He hand-picks 4 of the most important articles you need to read, that are beneficial to you whether you're at, near, or in retirement! If you want them sent straight to your inbox, sign up by visiting RetireWithPurpose.com/weekend-reading
Today, I'm going to share the five false proxies leading people astray in their financial goals. In fact, what if I told you a recent study revealed your $1 million investment principal was more likely to quadruple than remain flat even after decades of enjoying a 4% withdrawal rate? Would you rethink your saving strategy? Would you consider passing along some of your inheritance sooner in life? With that said, how do we come close to dying with zero? Our guest today has plenty of thoughts on bolstering the longevity of our finances, and surprisingly, his number one tip has nothing to do with your money. We also discuss lump sum investments vs dollar cost averaging and if you should be worrying about pennies when you might be missing out on dollars. I hope you enjoy my conversation with the creator of Of Dollars and Data, Nick Maggiulli. Mentions: Just Keep Buying: Proven Ways to Save Money and Build Your Wealth: https://amzn.to/3DCXs43 Die With Zero: Getting All You Can from Your Money and Your Life: https://amzn.to/3DAXnhs Outlive: The Science and Art of Longevity: https://amzn.to/457Yh0D More of Nick: Blog: https://ofdollarsanddata.com/ LinkedIn: https://www.linkedin.com/in/nicholasmaggiulli More of The Best Interest: Check out the Best Interest Blog at bestinterest.blog Contact me at jesse@bestinterest.blog The Best Interest Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.
Nick Maggiulli talks about the importance of finding the right relationships Episode 1835: The Most Important Decision in Life by Nick Maggiulli of Of Dollars and Data on Forming Healthy Relationships The goal of Of Dollars And Data is to help you make better financial decisions using the best information available. Ultimately, Nick wants you to act smarter and live richer. As a result, this blog will cover ideas such as: -What to expect from financial markets -How to think about risk -How to time investment purchases -How to find good information and ignore bad information -How to organize and manage your finances -The best ways to increase your long-term wealth And much, much more. Though the ideas presented on this blog won't revolutionize finance, they will provide you with a different perspective on money that you can use in your everyday life. Nick is sure of this because of the hundreds of hours of research that went into the more than 300 posts currently published on this blog. The original post is located here: https://ofdollarsanddata.com/the-most-important-decision-in-life/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? Visit https://www.advertisecast.com/OptimalRelationshipsDailyMarriageParenting Learn more about your ad choices. Visit megaphone.fm/adchoices
Nick Maggiulli talks about the realities of investing Episode 2380: MONDAY MASTERY - The Red Queen of Investing by Nick Maggiulli of Of Dollars and Data on Realities of Investing The goal of Of Dollars And Data is to help you make better financial decisions using the best information available. Ultimately, Nick wants you to act smarter and live richer. As a result, this blog will cover ideas such as: -What to expect from financial markets -How to think about risk -How to time investment purchases -How to find good information and ignore bad information -How to organize and manage your finances -The best ways to increase your long-term wealth And much, much more. Though the ideas presented on this blog won't revolutionize finance, they will provide you with a different perspective on money that you can use in your everyday life. Nick is sure of this because of the hundreds of hours of research that went into the more than 300 posts currently published on this blog. The original post is located here: https://ofdollarsanddata.com/the-red-queen-of-investing/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices
Nick Maggiulli talks about the realities of investing Episode 2380: MONDAY MASTERY - The Red Queen of Investing by Nick Maggiulli of Of Dollars and Data on Realities of Investing The goal of Of Dollars And Data is to help you make better financial decisions using the best information available. Ultimately, Nick wants you to act smarter and live richer. As a result, this blog will cover ideas such as: -What to expect from financial markets -How to think about risk -How to time investment purchases -How to find good information and ignore bad information -How to organize and manage your finances -The best ways to increase your long-term wealth And much, much more. Though the ideas presented on this blog won't revolutionize finance, they will provide you with a different perspective on money that you can use in your everyday life. Nick is sure of this because of the hundreds of hours of research that went into the more than 300 posts currently published on this blog. The original post is located here: https://ofdollarsanddata.com/the-red-queen-of-investing/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices
Nick Maggiulli talks about the realities of investing Episode 2380: MONDAY MASTERY - The Red Queen of Investing by Nick Maggiulli of Of Dollars and Data on Realities of Investing The goal of Of Dollars And Data is to help you make better financial decisions using the best information available. Ultimately, Nick wants you to act smarter and live richer. As a result, this blog will cover ideas such as: -What to expect from financial markets -How to think about risk -How to time investment purchases -How to find good information and ignore bad information -How to organize and manage your finances -The best ways to increase your long-term wealth And much, much more. Though the ideas presented on this blog won't revolutionize finance, they will provide you with a different perspective on money that you can use in your everyday life. Nick is sure of this because of the hundreds of hours of research that went into the more than 300 posts currently published on this blog. The original post is located here: https://ofdollarsanddata.com/the-red-queen-of-investing/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices
Is your lifestyle too expensive? We're your hosts, Alyssa and Bridget. Welcome to the podcast, where we talk through our money trauma and create a better understanding of building a healthy relationship with finance.In today's episode, we discuss the following:What is lifestyle inflation, and have we been impacted by this?How does lifestyle inflation happen?Study finding what industries impact people's inflated spendingRunning in place and The Diderot EffectHow to avoid (or manage) lifestyle inflationSome lifestyle creep is ok — but where is the line?What we plan to inflate in our future spending plansResources mentioned:Of Dollars and DataWe've now launched our Patreon! Subscribe for bonus episodes and extra content from your hosts. Thank you for listening to today's episode! Join us next week for a new one. Until then, follow us on Instagram @mixedupmoney, @bridgiecasey and @moneyfeelspodcast, and we'll see you next time!
Making Margin PodcastEpisode 47 - These Are The Biggest Money Mistakes That We See People Make Welcome to the Making Margin podcast! Greenway's team is here to discuss common financial mistakes and to help you navigate them. Meet the voices behind this episode of Making Margin:NickJeffAllieNatalie DrewWe often talk to our clients about the importance of avoiding mistakes with their money. So much about personal finance isn't about trying to hit home runs; it's consistently hitting singles and avoiding mistakes. But what are the most common mistakes we see people make with their money?We're looking at an old Nick Magguilli (Mah-Julie) post from his blog Of Dollars and Data to guide our discussion, and where we agree and don't agree with his assessment. Discussion Topics:What does he get right, what does he get wrong?Any other things that we would add? Resources:https://ofdollarsanddata.com/biggest-money-mistakes/
This week's retirement reading is from Of Dollars and Data titled, The 7 Streams of Income to Get Rich. Listen in as Casey Weade breaks down the article and shares what he thinks! Today's episode can also be accessed by visiting RetireWithPurpose.com/356. Show Notes: RetireWithPurpose.com/356 Rate & Review the Podcast: RetireWithPurpose.com/review Sign Up to Casey's Weekend Reading Email! Sifting through the copious amount of conflicting financial advice and retirement information can be daunting - but it doesn't have to be! Each week, Casey makes it super easy. He hand-picks 4 of the most important articles you need to read, that are beneficial to you whether you're at, near, or in retirement! If you want them sent straight to your inbox, sign up by visiting RetireWithPurpose.com/weekend-reading
This week's retirement reading is from the Of Dollars and Data titled, Where Do Millionaires Keep Their Money? [It's Not Where You Think] Listen in as Casey Weade breaks down the article and shares what he thinks! Today's episode can also be accessed by visiting RetireWithPurpose.com/346. Show Notes: RetireWithPurpose.com/346 Rate & Review the Podcast: RetireWithPurpose.com/review Sign Up to Casey's Weekend Reading Email! Sifting through the copious amount of conflicting financial advice and retirement information can be daunting - but it doesn't have to be! Each week, Casey makes it super easy. He hand-picks 4 of the most important articles you need to read, that are beneficial to you whether you're at, near, or in retirement! If you want them sent straight to your inbox, sign up by visiting RetireWithPurpose.com/weekend-reading
Nick Maggiulli is a finance data analyst and writer. He is the author of "Just Keep Buying" and has a blog titled "Of Dollars and Data".
They say that money makes you money...so when investing should you spend your time seeking "alpha" (bigger returns than normal) or should you spend more time at your job? Today our contributors dive into this excellent topic presented in a recent Of Dollars and Data blog post from past guest and show friend Nick Magiulli. Of course, we'll explore not only Nick's thoughts from the piece (link in our show notes), but we'll also share our own perspectives...and of course our team has many ideas for you to consider. Our contributors on this episode include writer extraordinaire Paulette Perhach, the host of the Earn & Invest Podcast Doc G, and the effervescent writer behind the award-winning LenPenzo.com website, Len Penzo. Not only will they contrast work vs. investing...they'll also continue to compete in our year-long contributor trivia battle! FULL SHOW NOTES: https://www.stackingbenjamins.com/roundtable-1310 Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201 Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices
Most faithful Latter-day Saints pay tithing on their gross income with a few paying on net income. But do the historical documents and past teachings of Prophets, Seers, and Revelators support either of those two interpretations? We take a deep dive into the historical context exploring D&C 119, A First Presidency Letter in 1970, old… Read More »Why Most Latter day Saints Are Over paying Their Tithing By 1000s Of Dollars The post Why Most Latter day Saints Are Over paying Their Tithing By 1000s Of Dollars appeared first on Mormon Discussions Podcasts - Full Lineup.
“The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/2-GgDLWmjIM Week In Review Articles The WSJ: Fed Raises Rate by 0.5 Percentage Point, Signals More Increases Likely The WSJ: U.S. Inflation Eased in November, CPI Report Shows The WSJ: Stocks Fall, Pressured by Mounting Recession Concerns The WSJ: Congress Faces Deadline for Keeping Government Funded The WSJ: FTX's Sam Bankman-Fried Charged With Criminal Fraud, Conspiracy https://twitter.com/joelakamag/status/1603357394846760960?s=61&t=9yDC-ZlV5Q9Y7pltiMsTcQ Weekly Mixtape Morgan Housel: Why Competitive Advantages Die "The only thing harder than gaining a competitive edge is not losing that advantage when you have one. That's as true for careers and investment strategies as it is for business. And since people are naturally optimistic, there's a tendency to put more thought into finding an edge than not losing it once you find one." Casey Grisez: Sidewalk View "But when the boys and I went by other houses, we saw people relaxed and enjoying Thanksgiving. I began to feel like I was looking at how the holidays are supposed to be. I don't know if it was the fresh air, the huge meal, or the second glass of wine, but I thought about how many Thanksgivings I have left." Dr. Joy Lere: It's A Wonderful Life "We don't get to watch the reel of what this world would be like without us. Still, we need to live, love, and work knowing that it will count in ways that we will never fully know. Think about the people you love the most. " Dr. Phil Pearlman: Setting Health Goals For 2023 "You don't need to set impossible goals that will lead to injury if you don't know how your body responds to pushing it to its limits. Not getting injured is important as recovery time sets you backwards." Of Dollars and Data: The Gift Of Time "Because everything I write isn't really about money, it's about time. Time with your loved ones. Time to enjoy yourself. Time to live the life youwant. In the end, all of your money will be converted back to time anyways. If not now, then later. And if not by you, then by someone else. Possibly after you're gone." More To That: The Meaning Of Life Is Absurd "In this futile pursuit of escaping the absurd, nothing will ever be good enough because we are always chasing an elusive grand narrative, our overarching meaning of life. We will forever be chasing our own tails, wondering when the hell the universe will answer our individual calls for purpose." A Wealth Of Common Sense: Money Lessons From White Lotus "The murder mystery aspect of the show was tremendous but my finance brain couldn't help but notice a number of money and behavioral psychology lessons from this season's cast." Clint Haynes: How Inflation Affects Planning Your Retirement "Inflation can really eat into your retirement if you're not careful. However, with proactive planning, you can effectively combat inflation. You don't have to let inflation slowly erode your lifestyle over time." Elliott Appel: Is Long Term Care Insurance Worth It? "How will you pay for care? Which assets will you use? Do you plan to receive care at home? Can you rely on friends and family for care and if so, for how long? Is long-term care insurance worth it? " All About Your Benjamins: This Year's Best Present: Your Presence Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
This episode is based on an amazing article by Nick Maggiulli from his great financial blog, Of Dollars and Data. Learn how your spending can have more meaning and long term value. We welcome our 21st country, Japan. https://ofdollarsanddata.com/spending-without-regrets/ --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Dip your toes into the world of personal finance and you can find plenty of questions which are the subject of endless debate. How much of your income should you save? Is it okay to take on debt? Which is better — renting a home or owning one? When it comes to the stock market, should you buy the dip?On his blog, Of Dollars and Data, my guest cuts through the personal finance noise by finding answers based on numbers rather than conjecture, and then converting this research into advice the average person can understand. His name is Nick Maggiulli, and he's the Chief Operating Officer and Data Scientist at Ritholtz Wealth Management, as well as the author of Just Keep Buying: Proven Ways to Save Money and Build Your Wealth. Today on the show, Nick explains what the data says about how you should approach the questions I've already mentioned. He also shares how to spend your money without feeling guilty by using the "2X Rule," the three criteria you should meet before you consider buying a home, the best way to approach the idea of "dollar cost averaging," and more. We end our conversation with the right mindset to adopt in our volatile economy.Resources Related to the PodcastYour Money or Your LifeThe Value of Debt in Building WealthAoM Article: Index Funds For BeginnersAoM Podcast #536: How to Achieve a “Rich Life” With Your FinancesConnect With Nick MaggiulliNick's blog: Of Dollars and DataNick on TwitterNick on IG
The Investing for Beginners Podcast - Your Path to Financial Freedom
Welcome to the Investing for Beginners podcast. In today's show, we chat with Nick Maggiulli, author Of Dollars and Data and the new book: Just Keep Buying: What drew him to dollars and data, and why did he start his blog, Of Dollars and Data? The impact of fees on long-term results How to improve […] The post Nick Maggiulli Joins Us to Talk About Just Keep Buying appeared first on Investing for Beginners 101.
This week's retirement reading is from Of Dollars and Data titled, Should You Die With Zero? Listen in as Casey Weade breaks down the article and shares what he thinks! Today's episode can also be accessed by visiting RetireWithPurpose.com/311. Show Notes: RetireWithPurpose.com/311 Rate & Review the Podcast: RetireWithPurpose.com/review Sign Up to Casey's Weekend Reading Email! Sifting through the copious amount of conflicting financial advice and retirement information can be daunting - but it doesn't have to be! Each week, Casey makes it super easy. He hand-picks 4 of the most important articles you need to read, that are beneficial to you whether you're at, near, or in retirement! If you want them sent straight to your inbox, sign up by visiting RetireWithPurpose.com/weekend-reading
Something I had never even heard of a year ago has been front and center in the financial news for the last few months: I Bonds. But I suppose it makes sense: Nothing tempts those seeking performance and those seeking safety alike quite like a guaranteed nominal 9.62% rate of return, right? But I fear they're a distraction for young investors (and don't worry, we address who they might make sense for in the episode). Plus, I invited Alan Ebright of Hodges Private Client—a wealth management firm in Dallas with $1B+ assets under management—on the show this week to talk about investor psychology and the self-defeating flight to safety. *Any information shared is not tax or legal advice, and is purely for informational purposes. #MoneyWithKatie #IBonds #Investing #Bonds #PersonalFinance — This Episode's Sponsors To learn more about our sponsor, Ubiquity, check out ubiquity.com To learn more about our sponsor, Caribou, check out https://www.caribou.com/moneywithkatie/?utm_source=moneywithkatie&utm_medium=podcast&utm_campaign=jul13 For more info on our sponsor, Q.Ai, check out https://refer.tryq.ai/MBrew To learn more about Betterment, visit https://betterment.com/moneywithkatie — Mentioned in the Episode - Nick Maggiulli's blog, Of Dollars & Data - DALBAR Quantitative Analysis of Investor Behavior - National Association of Personal Financial Advisors Database Follow Along - Listen to Money with Katie here: https://www.podpage.com/money-with-katie-show/ - Read Money with Katie: https://moneywithkatie.com/ Follow Money with Katie! - Instagram: https://www.instagram.com/moneywithkatie/ - Twitter: https://twitter.com/moneywithkatie - TikTok: https://www.tiktok.com/@moneywithkatie Subscribe to Morning Brew - Sign up for free today: https://bit.ly/morningbrewyt Follow The Brew! - Instagram: https://www.instagram.com/morningbrew/ - Twitter: https://twitter.com/MorningBrew - TikTok: https://www.tiktok.com/@morningbrew — *Disclaimer: Hodges Private Client is a program offered through Hodges Capital Management, Inc. (“HCM”). HCM is an Investment Advisory Firm registered with the Securities and Exchange Commission (“SEC”), is a wholly owned subsidiary of Hodges Capital Holdings and serves as investment advisor to the Hodges Funds. HCM is affiliated with First Dallas Securities, Inc, a broker-dealer and investment advisor registered with the SEC. This discussion is not intended to be a forecast of future events and should not be considered a recommendation to buy or sell any security. Past performance is not indicative of future results. Investing involves risk. Principal loss is possible. Investing in smaller companies involves additional risks such as limited liquidity and greater volatility. No current or prospective client should assume that information referenced in this communication is a recommendation to buy or sell any security or is a substitute for personalized investment advice from your individual advisor. HCM does not provide tax or legal advice. Consult your tax or legal advisor for any related questions. All information referenced herein is from sources believed to be reliable and is provided as general market commentary and does not constitute investment advice. This material was created for informational purposes only and the opinions expressed are solely those of HCM. HCM shall not in any way be liable for claims and makes no expressed or implied representations or warranties as to the accuracy or completeness of the data and other information. The data and information are provided as of the date referenced and are subject to change without notice.
#59: Data scientist and author Nick Maggiulli joins Chris to talk about the most important principles for saving money and building wealth. They also cover investing in a market decline, evaluating risk, reasons to not max out your 401(k), why he likes income-producing assets, and becoming comfortable spending your money. Nick also shares his biggest college admission hack and "maybe the greatest decision” of his life.Nick Maggiulli (@dollarsanddata) is the Chief Operating Officer at Ritholtz Wealth Management and the creator of “Of Dollars and Data”. His book, Just Keep Buying: Proven ways to save money and build your wealth, explores optimizing personal finance and investing with the aim of increasing your wealth.Full show notes at: https://www.allthehacks.com/saving-nick-maggiulliEpisode on YouTube: https://youtu.be/NA0n1qDin8U Partner DealsInside Tracker: 20% off personalized wellness & nutrition plans backed by scienceMasterworks: VIP access to skip the waitlistBabbel: 6 months for the price of 3 with code ALLTHEHACKS Sundays: 50% off your first order of human-grade dog food Selected Links From The EpisodeConnect with Nick Maggiulli: Twitter | Instagram | WebsiteNick's Book: Just Keep Buying: Proven ways to save money and build your wealthNick's New York City Recommendations: Quality Branded, Sushi Seki, Ko, Ollie's, ThymePodcasts mentioned:All the Hacks #6: The Psychology of Money with Morgan HouselAll the Hacks #19: Becoming a Better Investor with Andy RachleffAll the Hacks #51: Travel Hacking the Lifestyles of the Rich and Famous with Leigh Rowan Full Show NotesHow people should be operating during a decline in the markets [2:48]Making minor tweaks to your portfolio [5:06]Holding cash or investing in the stock market, fast-risk vs. slow-risk decisions, and trying to time the market [5:53]Taking advantage of a bear market [9:47]Investing in income-producing assets [15:09]Advice about investing in individual stocks [19:21]Three reasons to sell your stocks [21:21]Investing in non-income-producing assets [28:58]Should you max out your 401K? [29:57]Asset location and diversifying your portfolio [34:37]Hiring a professional when doing any type of tax-loss harvesting [36:34]Focusing more on income and saving rather than investing as a young adult [38:43] Transitioning your mindset from saving to investing [44:39] Reasons why merely cutting spending isn't the path to building wealth in the long-run [47:29] The importance of having an absolute measure of wealth, especially if you don't feel “rich” [49:29] Nick Maggiulli's top principles for saving money and building wealth [52:04]Nick shares his greatest college admission hack and tactics (outside of investing) to increase your efficiency [54:45]Nick's favorite New York City recommendations [58:17] Where to find Nick Maggiulli online [59:46] SponsorsInsideTrackerInsideTracker provides a personalized plan to improve your metabolism, reduce stress, improve sleep, and optimize your health for the long haul. It's created by leading scientists in aging, genetics, and biometrics. 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All the Hacks has partnered with them to give you all priority access by going to allthehacks.com/masterworks(see important disclosures at masterworks.io/cd) Connect with All the HacksAll the Hacks: Newsletter | Website | Facebook | EmailChris Hutchins: Twitter | Instagram | Website | LinkedIn
Infinite Loops Podcast Notes Key Takeaways Check out Infinite Loops Podcast Episode Page & Show NotesRead the full notes @ podcastnotes.orgNick Maggiulli is a financial educator, author of the blog “Of Dollars and Data”, and the newly released book “Just Keep Buying: Proven Ways To Save Money And Build Your Wealth.” In this episode, we talk with Nick about the robust empirical research that has gone behind the insights and ideas presented in his new book! You can follow Nick on Twitter at https://twitter.com/dollarsanddata and buy his book at https://ofdollarsanddata.com/justkeepbuying/ Show Notes: Coming up with title of the book The save-invest continuum Is buying a house a good investment? Debt: Good or bad? On being shaped by our experiences One path the wealth creation? 2020 vs 2021 as an investment year Handling emotions during a bear market Importance of diversification The ideal asset allocation The Great Reshuffle The argument against stock picking Negative yield bonds Lump sum vs. DCA Index investors or momentum investors Life as a growth, and value stock Books Mentioned: Just Keep Buying; by Nick Magguilli Security Analysis; Benjamin Graham The Intelligent Investor; Benjamin Graham Influence; by Robert Cialdini
Infinite Loops Podcast Notes Key Takeaways Check out Infinite Loops Podcast Episode Page & Show NotesRead the full notes @ podcastnotes.orgNick Maggiulli is a financial educator, author of the blog “Of Dollars and Data”, and the newly released book “Just Keep Buying: Proven Ways To Save Money And Build Your Wealth.” In this episode, we talk with Nick about the robust empirical research that has gone behind the insights and ideas presented in his new book! You can follow Nick on Twitter at https://twitter.com/dollarsanddata and buy his book at https://ofdollarsanddata.com/justkeepbuying/ Show Notes: Coming up with title of the book The save-invest continuum Is buying a house a good investment? Debt: Good or bad? On being shaped by our experiences One path the wealth creation? 2020 vs 2021 as an investment year Handling emotions during a bear market Importance of diversification The ideal asset allocation The Great Reshuffle The argument against stock picking Negative yield bonds Lump sum vs. DCA Index investors or momentum investors Life as a growth, and value stock Books Mentioned: Just Keep Buying; by Nick Magguilli Security Analysis; Benjamin Graham The Intelligent Investor; Benjamin Graham Influence; by Robert Cialdini
How much should you be saving? How should you invest in a crisis? Should you invest in individual stocks? Should you try and time the market to avoid market downturns? Nick tackles these questions and more as we discuss his new book, Just Keep Buying. You will learn about the data supporting this simple concept "just keep buying" when it comes to investing.Finally, you will learn about Nick's data driven approach to investing which can be seen weekly in his Of Dollars and Data blog. Enjoy!
Hello everyone,I'm happy to share my conversation with my friend Nick Maggiulli who writes the excellent personal finance blog Of Dollars and Data. Nick just came out with his first book: Just Keep Buying: Proven Ways To Save Money And Build Your Wealth. Nick combines his empirical research with a personal perspective and I really like that he distills the work down into rules that are effective yet pragmatic. His advice is free from some of the guilt-driven personal finance drivel (save on avocado toast to get wealthy..).We talked about the book, his writing process, the optimal level of fame, and why he thinks people should not pick stocks themselves.You can listen to the conversation on your podcast player of choice: Spotify, Apple, at anchor, and via RSS.“Fear has a far greater grasp on human action than the impressive weight of historical evidence.” Jeremy Siegel“You have to keep reminding yourself of that quote. It's my favorite investment quote because it's the only thing that keeps me from letting my behavior take over from my logic.” Nick MaggiulliSome highlights from the conversation:Nick's argument against stock picking: how do you know whether you're good at it? It takes too long to establish a track record that is meaningful:“Imagine you're trying to get in shape. … You go to the gym for three months, see no difference. Go to the gym for six months, one year, no difference. Then, all of a sudden, you lose 10 pounds. .. No one would do it. With diet and exercise, you start seeing results within a few months. But with stock picking … after one year, no way. … I think it can take a decade or longer. And this is obviously debated in the literature. … How do you know when a factor is dead? It can take you 20 years. It takes roughly the same amount of time to figure up a manager's really good … Let's just say you did it for 10 years. … My whole life's changed. Five years ago, I just started blogging. I didn't have a book. Imagine I have to do this again and only then would I know if I have skill. After 10 years, oh, actually I shouldn't be doing this.”Income vs. expenses and guilt-free saving and investing:“I do these like simulations and say, Hey, if this person is on a steady state of retirement and they get this raise, if they save at least half of it, they're usually good to go. It's about reducing guilt. It's okay to spend a little bit of money. … Cutting spending is not a way to raise wealth in the long run. You can do it in the short term, but the only sustainable path out is I've seen based on the data is raising our income.Everyone was like, you got to cut your lattes. You're just gonna feel miserable and hate it and guilt yourself. And you're going to end up giving up or you're gonna feel like s**t. I'm saying that the way out is raising her income and there's a way to do it. It just takes a lot of work, but it's the only sustainable path out.”Nick's writing process:“I used to have a bunch of drafts which you can imagine as different pots sitting on the stove. Some have just ingredients, there's no heat on them. Some are kind of just simmering. Some are ready to take off, ready to serve. Sometimes I have nothing going and I just have to come up with something. It varies every week. Last week I wrote about inflation, why I think people are thinking about inflation incorrectly. I had this epiphany where I thought about it like, is that true?I said, oh, that's actually not true. Let's just write about that and see how it does. I like to reframe common things. A lot of stuff logically makes sense and then you run the numbers and you go, ah, that doesn't make sense as much as I thought it would have. A lot of things we just assume to be true and you ask, is that actually true?”Intuition backed by data:“I think there's a lot of people that have really good intuition, but they can't explain why it's true. So I ran the numbers and was like, Hey, this person who everyone is saying is dumb … yes, some of the things he said were a little silly, but I think his intuition was a lot stronger and more intelligent.” This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit alchemy.substack.com/subscribe
“We begin our lives as growth stocks and end our lives as value stocks.” I'm happy to share my conversation with my friend Nick Maggiulli who writes the excellent personal finance blog Of Dollars and Data. Nick just came out with his first book: Just Keep Buying: Proven Ways To Save Money And Build Your Wealth. He uniquely combines his data-driven research with a personal perspective and I really like that he distills the work down into rules that are effective yet pragmatic. His advice is free from some of the guilt-driven personal finance drivel (save on avocado toast to get wealthy..). We talked about the book, his writing process, the optimal level of fame, and why he thinks people should not pick stocks themselves. “Fear has a far greater grasp on human action than the impressive weight of historical evidence.” Jeremy Siegel “You have to keep reminding yourself of that quote. It's my favorite investment quote, because it's the only thing that keeps me from letting my behavior take over from my logic.” Nick Maggiulli
This week, Nick Maggiulli joins the podcast to talk about his new book Just Keep Buying: Proven Ways to Save Money and Build Your Wealth. He's also the author of the blog Of Dollars and Data, and the Chief Operations Officer at Ritholtz Wealth Management. We are thrilled to have Nick join us!Shoot us an email with your personal finance and investing questions at checkyourbalances@outlook.com.
Nick Maggiulli is a financial educator, author of the blog “Of Dollars and Data”, and the newly released book “Just Keep Buying: Proven Ways To Save Money And Build Your Wealth.” In this episode, we talk with Nick about the robust empirical research that has gone behind the insights and ideas presented in his new book! You can follow Nick on Twitter at https://twitter.com/dollarsanddata and buy his book at https://ofdollarsanddata.com/justkeepbuying/ Show Notes: Coming up with title of the book The save-invest continuum Is buying a house a good investment? Debt: Good or bad? On being shaped by our experiences One path the wealth creation? 2020 vs 2021 as an investment year Handling emotions during a bear market Importance of diversification The ideal asset allocation The Great Reshuffle The argument against stock picking Negative yield bonds Lump sum vs. DCA Index investors or momentum investors Life as a growth, and value stock Books Mentioned: Just Keep Buying; by Nick Magguilli Security Analysis; Benjamin Graham The Intelligent Investor; Benjamin Graham Influence; by Robert Cialdini
Episode Notes There are many myths about the best ways to manage our money. In this episode, I chat with Nick Maggiulli about his brand new book. We discuss how to manage your 401k, saving vs investing, whether investing is a rigged game and much more. Follow Nick on Twitter @dollarsanddata Get a copy of Just Keep Buying Check out Nick's blog Of Dollars and Data Become a paid Substack subscriber at TheRewiredSoul.Substack.com and get early access to episodes! Get your free books by Chris here: https://bit.ly/3vkRsb6 Follow @TheRewiredSoul on Twitter and Instagram Subscribe to The Rewired Soul Substack Support The Rewired Soul: Get books by Chris Support on Patreon Try BetterHelp Online Therapy (affiliate) Donate
Why should we be investing? Well according to today's guest Nick Maggiulli, we should invest to save for our future selves, preserve our money against inflation and replace our human capital with financial capital. Nick Maggiulli is the author of brand new release Just Keep Buying, the Chief Operating Officer for Ritholtz Wealth Management LLC and a wonderful writer in his own right, through his website Of Dollars and Data. Kate and Owen chat to Nick about his new book Just Keep Buying and why we shouldn't wait for the dip, the biggest lie in personal finance, investing in ETFs versus individual shares and dealing with lifestyle creep. Episode transcript now available via the show notes page. Take one of our amazing money & investing courses (think ETFs, shares, property and FIRE) on Rask Education and join our wonderful FB community. Score $100 off our premium ASX & US share research service, Rask Invest! If you want to thank us for putting this show together, please give The Australian Finance Podcast a 5 star review on Apple Podcasts or Spotify - it's a 5 second task which really helps support the show (and puts a big smile on our faces). Full individual disclosures for each guest are available via the show notes page. Owen, Kate and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc. || We're proudly supported by ETF Securities || Learn more about the growing range of leading ETFs, on the ETF Securities website: https://bit.ly/fundsETFS | || Have you heard of Pearler: Our proud NEW sponsor! || We're proudly supported by Pearler, the broker for long-term investors. Sign-up to Pearler using the code “RASK” for $10 of Pearler Credit: https://bit.ly/Pearler || Want to InvestSMART? || Boost your investment potential, with FundLater With InvestSMART's Fundlater, you can start a $10,000 investment portfolio, with only $4,000 upfront. Find out how: https://www.rask.com.au/inv-fundlater/ Investing Made Simple Thanks to InvestSMART's ready-made ETF portfolios, you can start investing now in a portfolio managed by experts. Not only that, you can invest confidently knowing your investment fees are capped. Learn more: https://www.rask.com.au/inv-pma DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you're confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Date recorded: 19th of April 2022
Why should we be investing?Well according to today's guest Nick Maggiulli, we should invest to save for our future selves, preserve our money against inflation and replace our human capital with financial capital.Nick Maggiulli is the author of brand new release Just Keep Buying, the Chief Operating Officer for Ritholtz Wealth Management LLC and a wonderful writer in his own right, through his website Of Dollars and Data.Kate and Owen chat to Nick about his new book Just Keep Buying and why we shouldn't wait for the dip, the biggest lie in personal finance, investing in ETFs versus individual shares and dealing with lifestyle creep.Episode transcript now available via the show notes page.Take one of our amazing money & investing courses (think ETFs, shares, property and FIRE) on Rask Education and join our wonderful FB community.Score $100 off our premium ASX & US share research service, Rask Invest!If you want to thank us for putting this show together, please give The Australian Finance Podcast a 5 star review on Apple Podcasts or Spotify - it's a 5 second task which really helps support the show (and puts a big smile on our faces).Full individual disclosures for each guest are available via the show notes page. Owen, Kate and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.|| We're proudly supported by ETF Securities ||Learn more about the growing range of leading ETFs, on the ETF Securities website: https://bit.ly/fundsETFS ||| Have you heard of Pearler: Our proud NEW sponsor! || We're proudly supported by Pearler, the broker for long-term investors.Sign-up to Pearler using the code “RASK” for $10 of Pearler Credit: https://bit.ly/Pearler|| Want to InvestSMART? || Boost your investment potential, with FundLaterWith InvestSMART's Fundlater, you can start a $10,000 investment portfolio, with only $4,000 upfront. Find out how: https://www.rask.com.au/inv-fundlater/Investing Made SimpleThanks to InvestSMART's ready-made ETF portfolios, you can start investing now in a portfolio managed by experts. Not only that, you can invest confidently knowing your investment fees are capped. Learn more: https://www.rask.com.au/inv-pmaDISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you're confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsgDate recorded: 19th of April 2022
--On the Show: --Nick Maggiulli, COO at Ritholtz Wealth Management, founder of Of Dollars and Data, and author of the new book "Just Keep Buying," joins David to discuss personal finance and more. Get the book: https://amzn.to/3ElpDnJ --President Joe Biden's approval rating collapses to 33% in the latest Quinnipiac University poll, and drops to 41.6% in an average of recent approval polls --A dangerous conspiracy theorist speaks at a recent Republican Senator Chuck Grassley town hall, and Grassley does nothing to disabuse the individual about his beliefs --Failed former President Donald Trump once again refuses to condemn Russian President Vladimir Puting during a new Fox News interview with Sean Hannity, also making wild claims about windmills --Donald Trump may be starting to lay the groundwork for using a health excuse to avoid running for President in 2024 --Mark Meadows, failed former President Donald Trump's Chief-of-Staff, has been removed from voter rolls in North Carolina as a voter fraud investigation continues --A barely coherent Charlie Kirk, from Turning Point USA, claims that inflation is the fault of transgender people --Voicemail caller equates the Russian invasion of Ukraine to how the United States was created as a country --On the Bonus Show: Iowa and New Hampshire not guaranteed to be first primaries in 2024, airplane mask mandates extended into May, first bus of migrants arrives in DC from Texas, much more...
Today, my friend Nick Maggiulli (COO of Ritholtz Wealth Management & former data scientist, as well as author of Of Dollars & Data and his new book, Just Keep Buying) joined me to talk about something that's been (justifiably) freaking me out a little bit lately. To boil it down to its most layman's terms is the government's money printing the reason why stocks and homes are worth so much more now, and does that mean we're headed for a crash? More to the point: What the hell do we do about it? I think you'll enjoy the little history lesson throwback (Kansas farmland in the 1970s, anyone?), the explanation of quantitative easing and expansionary monetary policy (I wish my Econ 101 professor could see my B+ self now), and—most importantly—the conversation I had with Nick about what we're supposed to make of all this. Here's the Politico article referenced. Point of clarification: We reference the S&P 500's PE ratio (25 as of this recording) and Shiller PE ratio, or CAPE ratio (36 as of this recording), in this episode, and (somewhat confusingly) switch between the two in the conversation. Nick originally describes the CAPE ratio, and then I ask him his opinion of the current PE ratio. FOLLOW ALONG Money with Katie Blog Money with Katie Instagram Money with Katie Twitter Sign up for the Newsletter! FULL EPISODE TRANSCRIPTS AT HTTPS://PODCAST.MONEYWITHKATIE.COM
This episode features Nick Maggiulli, author of the new book Just Keep Buying and popular blog Of Dollars and Data. Listen now and learn: How to determine if saving or investing is more important How (and when) to invest your cash A unique way to frame the opportunity that exists in down markets Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.
IN THIS EPISODE, YOU'LL LEARN: 06:02 - Why many people should put more focus on growing their income to build wealth.06:02 - How one should go about building additional income streams on the side.15:46 - How using the 2x spending rule can help you eliminate guilt in making larger purchases.29:54 - Nick's thoughts on what to do with money intended to be used as an emergency fund or a home down payment.44:27 - Why Dollar-Cost Averaging is better than trying to time the market.54:04 - Why you should reconsider maxing out your 401k if you're currently doing so.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.EPISODE RESOURCESRobert and Clay's tool for picking stock winners and managing our portfolios: TIP Finance.Check out Nick's new book, Just Keep Buying.Check out Nick's blog, Of Dollars and Data.Related episode: MI115: Young Investors Getting Started w/ Kelly Lannan.Related episode: MI143: Good Money Revolution w/ Derrick Kinney.Get a FREE audiobook from Audible.Check out our Investing Starter Packs about business and finance.Support our free podcast by supporting our sponsors. Find Pros & Fair Pricing for Any Home Project for Free with Angi.Find joy in comfort with Faherty. Use promo code WSB to snag 20% off all your new spring staples!Join Commonstock's community of engaged investors to access exclusive financial data, follow and chat with fellow investors, get alerts when friends buy or sell, and make trades directly through the platform.Now, not only the wealthy can afford collectibles! Enter Otis, an investment platform that makes it possible for almost anyone to invest in shares of cultural assets. Sign up now at withotis.com/TIP to get your first share for FREE!Invest in crypto and trade it without tax headaches with AltoIRA.Make documents, ask a lawyer your legal questions, and sign contracts on the go with Rocket Lawyer.Canada's #1 employee benefits plan for small businesses! The Chambers Plan evolves with the way you work and live while keeping the rates stable. Opt for the simple, stable, and smart choice for your business.Get insights on how to plan for your financial goals with The Globe and Mail. Listeners get a special digital subscription rate for unrestricted access to everything.The interval fund, a breakthrough innovation. Only at Mackenzie.Balancing opportunity and risk? The golden answer can be literally gold! Start your investment journey today with Perth Mint.Design is already in your hands with Canva. Start designing for free today.Read this episode's transcript and full show notes on our website.Connect with Nick: Website | Twitter | LinkedIn Connect with Robert (@therobertleonard): Website | Instagram | TwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On todays podcast I was happy to host Nick Maggiulli, Creator of Of Dollars and Data, Chief Operating Officer at Ritholtz Wealth Management and author of the upcoming book "Just Keep Buying: Proven ways to save money and build your wealth", released on the 12th of April. Buy book here - Kindle - https://www.amazon.co.uk/Just-Keep-Buying-Proven-wealth-ebook/dp/B09FYHZXBN/Hardcover - https://www.amazon.co.uk/Just-Keep-Buying-Proven-wealth/dp/0857199714/Audio - https://www.amazon.co.uk/Just-Keep-Buying-Proven-Wealth/dp/B09RRPCBDJ/Harraman - https://www.harriman-house.com/justkeepbuyingOn the podcast we talked about why many of Nicks suggestions go against traditional finance advice, why you should just keep buying (if you hadn't gotten it yet!) and why you'll never feel rich. I hope you enjoy!0:00 - Introduction 0:25 - Influence for writing the book?1:32 - Unique entry into Finance2:10 - Using Data2:45 - When did you start investing?3:44 - Just Keep Buying5:20 - How do you start you analysis and get ideas?7:39 - Why does a lot of your suggestions go against traditional advice?13:36 - Why do people overlook savings to focus on investing?16:07 - Consistency20:23 - Selling before the high22:05 - Should people focus on Macroeconomics?24:30 - Was there any asset that performed when the yield curve inverted?25:35 - Taxing Unrealised Gains28:15 - US Sovereign Wealth Fund?30:35 - How to reduce emotions during massive market volatility?34:05 - US and other economies follow Japan's example?35:15 - You'll never feel like you are rich38:55 - What is one message you would like viewers to take away from our interview?Nick Maggiulli - Website - https://ofdollarsanddata.com/Twitter - https://twitter.com/dollarsanddataLinkedIn - https://www.linkedin.com/in/nicholasmaggiulli/WTFinance - Website - https://www.wtfinance.online/Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfnTikTok - https://vm.tiktok.com/ZMeUjj9xV/iTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4LinkedIn - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseas
Listen in podcast appIn this week's episode of Reformed Millennials, Broc and Joel discuss how markets are reacting to an inverted yield curve, Biden’s Call for Canadian Oil and Elon’s Investment in Twitter.Listen on Apple, Spotify, or Google Podcasts.If you aren’t in the Reformed Millennials Facebook Group join us for daily updates, discussions, and deep dives into the investable trends Millennials should be paying attention to.👉 For specific investment questions or advice contact Joel @ Gold Investment Management.📈📊Market Update💵📉The indexes ran to their February highs, gapped slightly above them to force the last remaining shorts to cover and cause some FOMO; then they reversed lower. Breakouts stopped… breaking out over the last few days which signals that the market is stalling and in need of some consolidation. It’s normal to see a reaction after multiple days of rallying from the bottom. The question is which stocks will make higher lows and continue higher and which ones will keep pulling back to new lows. Semis and financials already tested their 20dma. So far, the bounce attempt is very tepid. Retailers broke below their 20dma and are looking the most vulnerable. The latter makes sense. Raging inflation will impact not only people’s purchasing power but also their willingness to spend.The main indexes, SPY and QQQ printed inverse weekly candles. It would not be the worst thing in the world if QQQ pulls back to 350 and SPY to 445-440 and let their rising 20-day moving averages catch up with price.Don’t get overly bearish. This minor pullback in the indexes seems like another sector rotation. The weakness in semis, banks and transportation stocks on Friday coincided with strength in biotech. 63 stocks went up 10% or more last week vs 23 that went down 10% or more (priced over $15, average daily volume of 500k shares).We haven’t cared about inflation since 1981. It’s now bubbling up in every day conversation. It matters and we’re at risk of blowing up a booming economy if the central banks don’t handle this situation with care.I think it’s important to address why we had 4 decades of flat to down inflationGlobalizationTechnology and this is not even close to going away but probably accelerating.Unemployment is sub-4%, cruise lines just had their best week ever and Las Vegas casinos are totally mobbed.I'm not convinced yet that this economy is as bad as it was in 2009.💸Reformed Millennials - Post of The WeekI am in a lot of Telegram rooms dedicated to crypto.A lot of the technical banter goes right over my head, but I am starting to read about more apps and products that I would use myself. The infrastructure layer is here.The other day in the 6th man Ventures Telegram they were talking about a fitness app called ‘Stepn‘ and it immediately made sense to me.Here is their ‘Litepaper‘. The gist: https://stepn.com/litePaperAll this makes me wonder why Nike and the other fitness companies have not yet offered products for the metaverse that work like ‘Stepn’, but maybe they will now that they see this working.What makes all this so extra cool is that ‘Stepn’ is already trading on the exchanges. The early users and adopters and people in the community can own the tokens.In the month that it has started trading the ‘green metaverse’ token has gone from 15 cents to $2.60.I have no idea how to value these type of coins/communities/ecosystems, but this is the new financial and digital world we are living in right now and I am trying to take part in it.At minimum, I completely understand why a whole generation of investors has moved over to crypto.🌊 Canadian Companies To Peruse 🌊Shopthing.com - “No more waiting in lines or frustrating try-ons! Our team of Live Shoppers hunt for the best luxury deals daily. All your favorite brands are available via 24 hour flash sales in our iOS App and IG Stories”Raised $10m CAD Series A March 23rd (launched marketplace app March last year) - betakit article announcing the funding says they have 500,000 users 🔮Best Links of The Week🔮Why Shein Might Be Worth 100b in 4 charts - Business of FashionThe Yield Curve Just Inverted…Now What? - Of Dollars and DataA Checklist for corrections - Compound AdvisorsHow People Think - Collaborative FundNetflix Should Start Adding Commercials? - Ben Thompson This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.reformedmillennials.com
This week's retirement reading is from Of Dollars and Data titled, Will the Optimists Triumph Yet Again? Listen in as Casey Weade breaks down the article and shares what he thinks! Today's episode can also be accessed by visiting RetireWithPurpose.com/275. Show Notes: RetireWithPurpose.com/275 Rate & Review the Podcast: RetireWithPurpose.com/review Sign Up to Casey's Weekend Reading Email! Sifting through the copious amount of conflicting financial advice and retirement information can be daunting - but it doesn't have to be! Each week, Casey makes it super easy. He hand-picks 4 of the most important articles you need to read, that are beneficial to you whether you're at, near, or in retirement! If you want them sent straight to your inbox, sign up by visiting RetireWithPurpose.com/weekend-reading
The episode starts with Skippy and Doogles discussing different types of risks based on a great post this week in Of Dollars and Data called "Risking Fast and Slow". Then, the topic on everyone's mind - what is Zuck up to with the metaverse. Doogles reminisces about his Second Life days and asks the question "has Facebook lost its way?". Doogles then brings up a fantastic article in Time about Black Bitcoin, which covers how Bitcoin is being embraced by people of color in search of financial liberation. Skippy rants for awhile about taxing unrealized gains, and Doogles brings up other points of view. The episode wraps with an overview of a recent post about how much wealth the US stock market has created over the last century, and how much of the world's stock market capitalization sits in the US right now.
"The simplest analogy to differentiate between fast risk and slow risk is heroin vs. cigarettes. Heroin is fast risk. Cigarettes are slow risk. Heroin tends to kill people quickly (especially in the event of an overdose), while cigarettes tend to kill people slowly." - Nick MaggiulliFor more visit: Of Dollars and DataFor disclosure information please visit: https://ritholtzwealth.com/blog-disclosures/ See acast.com/privacy for privacy and opt-out information.
Doogles comes across an inverse ETF targeting ARK innovation — never did we think we'd see an inverse ETF targeting a specific fund manager, but here we are (should we get in?). Then Skippy runs through the list of the most valuable teams in the NFL, according to Forbes. Doogles digs into his Nerd Alert fishbowl to talk through a recent research paper called "Selling Fast and Buying Slow" from the National Bureau of Economic Research, which analyzes the buying and selling behavior of a large number of institutional investors. Then the episode wraps with an overview of "Go Big Then Stop," a recent blog post on Of Dollars and Data, and a discussion on the rise of buy now, pay later companies like Affirm, Klarna and Afterpay (getting bought by Square).
Nick Maggiulli, the blogger behind Of Dollars and Data, joins the show to break apart some of the oldest and most popular rules for investing, and offers age-less advice for younger investors who are just beginning their journey. Plus, what to expect from earnings and the economic reports this week. That, and the investing term of the week that educated investors need to know. See acast.com/privacy for privacy and opt-out information.
Nick Maggiulli, the blogger behind Of Dollars and Data, joins the show to break apart some of the oldest and most popular rules for investing, and offers age-less advice for younger investors who are just beginning their journey. Plus, what to expect from earnings and the economic reports this week. That, and the investing term of the week that educated investors need to know.
--On the Show: --Nick Maggiulli, COO at Ritholtz Wealth Management and founder of Of Dollars and Data, a data-focused personal finance blog, joins David to dispel the notion that millennials are actually worse off financially than prior generations --Third COVID-19 vaccine doses may be coming soon in the United States as Israel approves third doses and new Pfizer data suggests a significant immune boost --Increasingly, private businesses including restaurants are saying "no vaccine? no service" --Notable discussions from the David Pakman Show subreddit, including about anti-vaxxers who get sick with COVID, mask-wearing debates, and more --Republican Congressman Chip Roy throws an absolutely childish tantrum on the floor of the House of Representatives in opposition to wearing a mask --Anti-vaccine pro-Trump radio host Phil Valentine, previously hospitalized with COVID, is now on a ventilator as his condition has worsened --Republican Congressman Adam Kinzinger admits that privately, almost no Republican elected officials actually believe the lie that the 2020 Presidential election was stolen by Joe Biden and actually won by Donald Trump --Donald Trump tells Axios that an obvious loss for him and his clout in the Texas 6th district runoff was actually a win for him --Voicemail caller asks whether the right wingers would take COVID seriously if it mutated to become a flesh-eating virus --On the Bonus Show: Somehow Republicans see Simone Biles as a villain, NYC to pay $100 for getting COVID vaccine, Florida mayors defy Ron DeSantis and pass mask and vaccine mandates, much more...
Melissa Joy, CFP® sits down with Renée Baker, DBA. Renee is Head of Private Client Group Advisor Inclusion Networks at Raymond James. In her work, Renee leads the Womens Financial Advisor Network, Black Financial Advisor Network, and the new Pride Network for LGBTQUI+ advisors.In this conversation, we discuss the need for a more diverse financial profession and how that will help with access to financial advice for all people. The conversation includes:· Statistics on underrepresented advisors including women, black advisors and advisors of color.· What is the wealth gap and how can we close it?· How to be an ally and sponsor and take action to change the status of wealth access in our country.Here are some additional resources that can help you learn more about the wealth gap and how we can change our profession. Read on and learn more here:· The Memo by Minda Harts: http://mindaharts.com/book/· How Big is the Racial Wealth Gap by Nick Maggiulli, Of Dollars and Cents blog: https://ofdollarsanddata.com/racial-wealth-gap/· Financial Services Has a Racism Problem by Sonya Driezler of Solutions by Sonya: https://www.solutionswithsonya.com/news/2020/5/27/financial-services-has-a-racism-problem· 2050 Trailblazer Resource Guide by Rianka R. Dorsainvil, CFP®, sparking change in the financial planning profession: https://www.2050trailblazers.com/resources· We need to talk…about racism, empathy, George Floyd, and being Black in America, Emlen Miles-Mattingly's Minority Money podcast: https://t.co/KaKJVebjb7?amp=1· “It's past time to advance Black advisors” by Lazetta Rainey Braxton in Financial Planning magazine: https://www.financial-planning.com/opinion/lazetta-braxton-on-advancing-black-financial-advisorsLinks are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users and/or members.--- Send in a voice message: https://anchor.fm/52pearls/message
Until now, we have recorded 14 episodes. So we wanted to take this week to slow down and distill some of our biggest takeaways from these stellar guests. Ep. 1 - 10 Reasons Investing is Awesome Ep. 2 - Doug McMillon, Walmart CEO Ep. 3 - Morgan Housel, VC at Collaborative Fund Ep. 4 - Bert Hochfeld, CEO at Ticker Target Ep. 5 - Brent Beshore, CEO at Adventur.es Ep. 6 - Quinn Taber, CEO at Immerse Ep. 7 - Brian Barnes, CEO at M1 Finance Ep. 8 - Howard Lindzon, GP at Social Leverage Ep. 9 - Ryan Krueger, GP at Krueger & Catalano Ep. 10 - Kanyi Maqubela, VC & Entrepreneur Ep. 11 - Jim O'Shaughnessy, CIO of O'Shaughnessy Asset Management Ep. 12 - Nick Maggiulli, Of Dollars and Data Ep. 13 - Mike Kehoe, President of Kehoe Investments Ep. 14 - Dan Rasmussen, MP at Verdad Capital Thank you so much for listening, we really appreciate you. If you have found this valuable, please consider leaving us a review as it will help more people find it! Thanks you're awesome! You can find more information and content by going to these places: Website: https://www.investingcity.org YouTube: Investing City Twitter: investing_city Instagram: investing_city Or feel free to email us at service@investingcity.org If you would like $10 off/month on a Dynasty Membership, just email us with the keyword "Podcaster Elastimer" and we'll hook you up! (it had to be a strange yet memorable keyword right?!) Again, we really appreciate that you would take the time to listen. Hope it was valuable. Let us know if you have any questions!
Links: Nick's blog: Of Dollars and Data Post: Even God Couldn't Beat Dollar Cost Averaging Ritholtz Wealth Management Data Camp Data Camp - Intro to R Thank you so much for listening, we really appreciate you. If you have found this valuable, please consider leaving us a review as it will help more people find it! Thanks you're awesome! You can find more information and content by going to these places: Website: https://www.investingcity.org YouTube: Investing City Twitter: investing_city Instagram: investing_city Or feel free to email us at service@investingcity.org Again, we really appreciate that you would take the time to listen. Hope it was valuable. Let us know if you have any questions! Below you will find our entire conversation transcripted. Enjoy! Join our Dynasty Membership to see them all in one place. Ryan Reeves 0:11 Hello everyone and welcome to the investing city podcast where the goal is to get better investing business and life. Thank you so much for taking the time to join us. It really means a lot. Without further ado, enjoy this episode. We're happy to host, Nick Maggiulli. Nick runs a popular blog called 'of dollars and data' that actually got him on the radar of Ritholtz wealth management, so he works with data to help Ritholtz become more successful. Nick is very passionate about data analysis, and we talked about that and how he uses it to really blend with storytelling. So, I hope you enjoy this one, we talked a lot about Nick's background and his interests, and really just the new age of finance and enjoyed his fun blog and kind of your background is very technical mixed with writing so can you tell us how you got into more of the technical side. Nick Maggiulli 1:14 Yeah, so I had an internship, the summer between junior and senior year and got actually my chance really from a professor, I told him I want to work at my own logistics firm he's like no, don't do that you should do this. And he said send me your resume. He wrote me a huge recommendation letter and basically just told me what I was going to be doing and I listened to him thankfully, and that's when I started to learn about programming. First thing I learned was a program called Fast, which is like all just data programming, which super interesting for me to learn that was like the longest programming, Stanford so I was like okay did this on love with it. And then I think my first programming class my last quarter passes and senior year, my last quarter I took same sort of programming, probably my biggest regret in college is not like starting that way sooner and like my I should have probably minored in computer science. I don't think I could have majored in it, I don't think I could have held my own with those people but I definitely could have minored in it. So, I just fell in love with it, I just fell in love with the data side of it. I didn't really find software development as interesting as like data and like doing charts and visuals and stuff so for me it was much more about you know what I could do in terms of data cleaning and stuff like that. Ryan Reeves Gotcha. So, did you have a really special relationship with that professor or tell us a little bit about how he just singled you out. Nick Maggiulli Uhm, not, I wouldn't say it was like a special relationship... like he was just really nice to everyone and I would come to his office hours and sometimes chat and stuff. Yes, he has done that for other people as well so I actually know quite a few other people where he's like, he basically was trying to push people into this healthcare consultant startup that actually another Stanford professor ran, so I didn't even, I didn't know that as a professor he didn't really teach undergrads, he only really taught grads. And so he ran this healthcare startup, and basically it was a way, to get like...
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