Most market expectations are based on information from the past. That alone won’t cut it anymore since we live in an economy that advances by nanoseconds with bots and bytes of information. In this episode Kim Butler and no B.S. money guy Todd Strobel sit down and talk about rearview mirror investing and share one of the key principles of prosperity.
Tune in to find out how to take control of your finances today. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
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00:29 Today’s topic: Rearview Mirror Investing
00:56 “Pilots don’t use rearview mirrors” famous quote by Joel Weldon
01:47 Investing and trading happens in millionths of a second
02:58 Why the stock market did so well over the last 20 years
04:00 Why do you think we are so hung up on history as it relates to our investments?
04:21 Focus on what you can control
05:00 If you cannot control a particular marketplace you have no business investing in that company in the stock market
05:24 The reasons why Warren Buffett and Donald Trump win in the market
07:10 The 401k and baby boomers have completely changed the marketplace
10:09 The distinct difference between an asset that is growth oriented and an asset that is income oriented
10:41 Start your knowledge about the new economy in this free ebook Financial Planning has FAILED
12:50 Ask a question for the podcast firstname.lastname@example.org