Is it too good to be true? Exploring Truth #75

Join Margaret Wittkopp and Jim Rosetti in today’s episode, they discuss Truth #75  from the book, The Dirty Filthy Lies My Broker Taught Me, If it is too good to be true, then it ain’t true.

Listen in on this episode as Margie and Jim continue their quest to transform the investment industry by transforming the investment experience, one investor at a time.

 

Highlights

(5:00) Annuities realities

(7:55) Truth #95 Abundance comes with a purpose

(8:26) Tell a good story, stories sell

(11:33) All risks are not created equal

(18:01) The Dirty Filthy Lies My Broker Taught Me

(19:40) Living a life of fulfillment

(22:02) Finding peace of mind with academic principles

(22:44) American Dream Experiences in January and April of 2022 – plan now

 

Key Links:

Veritas Financial Services, LLC Website: http://veritasinvesting.com/

Episode #115 – Annuities – What are they really?

Two-day seminar provides an extraordinary financial education opportunity called the American Dream Experience (Event link)

Veritas Financial Services extends invitations to everyone to our educational presentations.

101 Investment Truths – What Are They?

Join Margaret Wittkopp and Jim Rosetti in today’s episode, they discuss some of the truths from the book, The Dirty Filthy Lies My Broker Taught Me.

Listen in on this episode as Margie and Jim continue to inspire families to achieve financial freedom.

 

Highlights

(5:34) Truth #98 Money isn’t everything, but it ain’t bad either

(7:55) Truth #95 Abundance comes with a purpose

(9:36) Truth #99 Investing takes time

(15:23) Truth #100 If you know the right things, you don’t need to know everything

(17:30) Truth #101 There are a million ways to screw up and only one way to do it right

(23:36) What can I do to get financially empowered?

(24:54) What does coaching look like?

 

Key Links:

Veritas Financial Services, LLC Website: http://veritasinvesting.com/

Two-day seminar provides an extraordinary financial education opportunity called the American Dream Experience (Event link)

Veritas Financial Services extends invitations to everyone to our educational presentations.

Five Deadly Investor Mistakes

Join Margaret Wittkopp and Jim Rosetti in today’s episode, they discuss five deadly mistakes investors can make.

Control the controllable and let everything else just happen.  — Mark Matson, Matsonisms

Listen in on this episode as Margie and Jim explore ways to structure for success and let it happen.

 

Highlights

(2:00) Do you have confidence in your financial future?

(3:50) We advocate for scientific principles, shown over time and audited by a 3rd party.

(7:50) Mistake number one, too much money in one stock or asset class

(9:11) Number two, mistaking portfolio activity for control

(11:40) Valuing financial gurus, past performance, and the cost of turnover

(12:51) Using a mantra like this, “I’ll stop when I get even”

(14:00) And, seeking individual stocks or indicies, the perfect time or valuing, not rebalancing

(13:35) Empowering today’s investor

(18:00) MorningStar ratings study

(19:40) Conflicts of interest and fiduciary responsibility – Violation Tracker

(22:54) Case for diversification and the application

 

Key Links:

Veritas Financial Services, LLC Website: http://veritasinvesting.com/

Two-day seminar provides an extraordinary financial education opportunity called the American Dream Experience (Event link)

Veritas Financial Services extends invitations to everyone to our educational presentations.

Lie Number 4 – Track Record Investing Works

Join Margaret Wittkopp and Jim Rosetti in today’s episode, they discuss the risks of using track record investing as criteria for choosing an advisor or funds to invest in your financial future.

Returns come from the market, not the manager.  — Mark Matson, Matsonisms

Listen in on this episode as Margie and Jim explore investor prediction syndrome.

 

Highlights

(2:00) Listener’s Corner

(3:30) How to find an advisor? Try Wealthramp.

(5:00) The past does not predict the future.

(5:50) MorningStar ratings… star gazing?

(7:40) SPIVA scorecard reports recent benchmarks

(10:09) Using past performance and forecasting is tantamount to gambling

(10:59) Empirically tested academic principles has demonstrated the opposite

(13:35) Empowering today’s investor

(16:15) American Dream Experience – investing in education

(19:40) Conflicts of interest and fiduciary responsibility – Violation Tracker

(24:30) Active management is really hyper-trading and filled with costly fees

 

Key Links:

Veritas Financial Services, LLC Website: http://veritasinvesting.com/

Two-day seminar provides an extraordinary financial education opportunity called the American Dream Experience (Event link)

Wealthramp – Wealthramp is an SEC-registered referral service that connects consumers with rigorously vetted and qualified fee-only financial advisors.

Violation Tracker – Violation Tracker, produced by the Corporate Research Project of Good Jobs First, is a wide-ranging database on misconduct by large and small corporations.

Veritas Financial Services extends invitations to everyone to our educational presentations.

Lie Number 2 – Market Timing Produces Greater Returns

Join Margaret Wittkopp and Jim Rosetti in today’s episode, they discuss the risks of timing the stock market.  Mark Matson of Matson Money will tell you this:

If you build your portfolio to last for 20 years, you don’t have to worry about the next 20 months.

Listen in on this episode as Margie and Jim explore the misconceptions of market timing.

 

Highlights

(3:31) Listener’s Corner – Inherited Stock

(11:40) Market timing works…well, it doesn’t. This is lie number two.

(13:50) Market timing is a fools’ game

(15:00) The likelihood of a well-diversified portfolio losing everything is unlikely

(15:50) American Dream Experience invite

(16:15 ) Who does make the right guesses for stock market success?

(17:20) There is no predicting the future

(19:00) Dealing with market ups and downs

(22:00) Should the News affect your investment decisions?

(23:30) Using a financial coach to help maintain a disciplined investment approach

 

Key Links:

Veritas Financial Services, LLC Website: http://veritasinvesting.com/

Two-day seminar provides an extraordinary financial education opportunity called the American Dream Experience (Event link)

Lie Number 1 – You Can Pick Profitable Stocks, Consistently

Join Margaret Wittkopp and Jim Rosetti in today’s episode, they discuss the fallacy of stock picking.  Matson Money defines the problem like this:

The belief that you need a forecast or prediction about the future to be a successful investor.

Listen in on this episode as Margie and Jim debunk this thought process.

 

Highlights

(1:35) Defining investor prediction syndrome

(2:45) Scientific principles for investing

(5:00) Retail funds are actively managed by forecasters

(9:42) Stock picking leads to random results

(10:40) Egos can get in the way of successful investing

(12:06 ) Defining ’empirically tested’

(12:15) Equities outperform fixed assets over time

(14:33) No one can predict the future

(17:20) Fiduciaries act in your best interest and use plain language

(25:14) Creating financial awareness

 

Key Links:

Veritas Financial Services, LLC Website: http://veritasinvesting.com/

Two-day seminar provides an extraordinary financial education opportunity called the American Dream Experience (Event link)

Two Worlds of Investing

Join Margaret Wittkopp and Jim Rosetti in today’s episode, they discuss the two distinct worlds of investing; prediction and forecasting vs empirically tested scientific principles as the basis for your investment strategy.

Highlights

(:20) American Dream Experience – Two days filled with AHA moments

(6:05) Digging into the two worlds of investing

(8:05) Your relationship with money requires education

(10:05) Scarcity and abundance

(12:50) World number one – investor predication syndrome

(15:43) Participating in the free  market for wealth building

(18:05 ) World number two – academic principles first recognized in the 1950s

(21:17) The language of investing, weighing emotion and fear

(24:02) The components of academic investing

 

Key Links:

Veritas Financial Services, LLC Website: http://veritasinvesting.com/

Two-day seminar provides an extraordinary financial education opportunity called the American Dream Experience (Event link)

Annuities – What are they really?

Join Margaret Wittkopp and Jim Rosetti in today’s episode, they discuss the definition of annuity and how this investment vehicle may or may not belong in your portfolio.

Highlights

(1:18) Listener’s Corner

(2:20) Defining annuity

(8:45) Diversified portfolio is better against inflation over time

(9:50) Can annuities be a good idea?

(12:58) Indexed annuities and guarantees

(16:27) Getting out early and penalties

(22:42) The market as your friend

(23:20) Caution, caution, caution

 

 

Key Links:

Veritas Financial Services, LLC Website: http://veritasinvesting.com/

Two-day seminar provides an extraordinary financial education opportunity called the American Dream Experience (Event link)

The Lies My Broker Taught Me

Join Margaret Wittkopp and Jim Rosetti in today’s episode as they discuss the media and brokerage messaging in the investment industry. Misinformation, lack of complete information some plain old sleight of hand creates confusion when an investor is seeking the truth.

Highlights

(:45) The Dirty Filthy Lies My Broker Taught Me and the 101 Truths of Money and Investing by Mark Matson – a book offer

(2:45) The importance of financial freedom

(4:48) Lies perpetuated by the investment industry

(7:11) Speculating with your portfolio

(8:23) Statistics as lies

(10:12) Evaluating your investing attitude

(13:58) Revenue sharing – ‘an industry secret’

(14:35) Extending unearned trust too easily

(16:50) Complacency vs the DIY approach to investing

(17:45) Using a financial coach to keep investing on track

(18:50) The importance of GIPS audited returns

(20:43) RIA – registered investment advisor

(22:00) Costs: churn and activity

 

 

Key Links:

Veritas Financial Services, LLC Website: http://veritasinvesting.com/

Two-day seminar provides an extraordinary financial education opportunity called the American Dream Experience (Event link)

Apathy – The Last Stage Before Bondage

Join Margaret Wittkopp and Jim Rosetti in today’s episode they discuss the apathy of investors. Our failure to ask questions, confusion over financial acronyms and jargon, and the overabundance of investing information online and in advertising can create apathetic investors that sit back and watch it happen or refuse to participate in the markets.

Highlights

(1:05) Financial freedom – living your purpose

(2:08) Apathy of investing

(4:58) The contributors to investing apathy

(8:11) Putting trust in the wrong adviser and wrong investing methods

(10:00) The ups and downs of the market

(11:39) Evaluating your investing attitude

(13:58) Investing is your responsibility

(16:46) Peace of mind in investing

(18:22) Clarify your vision and version of the American Dream

(20:29) Opportunities through market volatility, risk, and diversity

(23:00) Dismantling apathy – get empowered

 

 

 

Key Links:

Veritas Financial Services, LLC Website: http://veritasinvesting.com/

Two-day seminar provides an extraordinary financial education opportunity called the American Dream Experience (Event link)