Stocks: More Like Gambling Than Investing

In this episode of Talking Real Money, Don and Tom discuss the similarities of gambling and stock picking, getting out of bad investments and individual stocks, inheritance and family gifts and how to go about converting your IRA into a Roth IRA. They also share when you might consider paying surrender charges to exit a pricey product.

• The best investment of the 2010s.

• Gambling, the lottery and other ways to waste your money.

• Selling individual stocks and minimizing your risk with single companies.

• Legacy and inheritance; the best way to give gifts your children.

• The case for Roth conversions.

• Diversification, index funds and avoiding a conflict of interest in your portfolio.

• Surrender charges on annuities and cutting losses with a bad arrangement.

• Some information on the upcoming Retiremeet 2020.

Talking Real Money Twitter — https://twitter.com/talkrealmoney

Financial Fysics on Amazon – https://www.amazon.com/Financial-Fysics-Money-Investing-Really/dp/1453898557

Vestory — https://vestory.com/

Marshawn Lynch — https://www.pro-football-reference.com/players/L/LyncMa00.htm

Bill Gates — https://www.gatesnotes.com/

CostCo — https://www.costco.com/

Retiremeet 2020 — http://www.retiremeet.com/#about

Jim Zorn — https://www.pro-football-reference.com/players/Z/ZornJi00.htm

Bill Sharpe — https://www.investopedia.com/terms/w/william-f-sharpe.asp

my529 — https://my529.org/

Financial Engines — https://financialengines.com/education-center/topics/retirement-planning/