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3102: Why We Ignore The Stock Market And You Should Too: Demystifying Personal Finance Part 4 by Liz of FrugalWoods
Manage episode 475964808 series 2394769
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3102:
Liz of Frugalwoods makes a compelling case for tuning out market noise and focusing instead on the variables you can control, like saving more, earning more, and investing consistently. Her down-to-earth wisdom reminds us that emotional reactions to stock volatility are distractions from the real drivers of long-term wealth: discipline, low fees, and the magic of compounding.
Read along with the original article(s) here: https://www.frugalwoods.com/2016/01/20/why-we-ignore-the-stock-market-and-you-should-too-demystifying-personal-finance-part-4/
Quotes to ponder:
"I’m not going to tell you how to optimize your investments or beat the market or pick that one hot fund - why not? Because I don’t know how to and neither does anyone else."
"My approach to all things in life is to control what I can and to categorically ignore/let go of the things I can’t."
"Pulling in and out of the market when you feel the slightest twinge of panic is a great way to ensure you’ll never make any money from your investments."
Episode references:
FSTVX - Fidelity Total Market Index Fund (now FXAIX): https://www.fidelity.com/mutual-funds/fidelity-funds/overview
Personal Finance Club by Jeremy Schneider: https://www.personalfinanceclub.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
3926 episodes
3102: Why We Ignore The Stock Market And You Should Too: Demystifying Personal Finance Part 4 by Liz of FrugalWoods
Optimal Finance Daily - Financial Independence and Money Advice
Manage episode 475964808 series 2394769
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3102:
Liz of Frugalwoods makes a compelling case for tuning out market noise and focusing instead on the variables you can control, like saving more, earning more, and investing consistently. Her down-to-earth wisdom reminds us that emotional reactions to stock volatility are distractions from the real drivers of long-term wealth: discipline, low fees, and the magic of compounding.
Read along with the original article(s) here: https://www.frugalwoods.com/2016/01/20/why-we-ignore-the-stock-market-and-you-should-too-demystifying-personal-finance-part-4/
Quotes to ponder:
"I’m not going to tell you how to optimize your investments or beat the market or pick that one hot fund - why not? Because I don’t know how to and neither does anyone else."
"My approach to all things in life is to control what I can and to categorically ignore/let go of the things I can’t."
"Pulling in and out of the market when you feel the slightest twinge of panic is a great way to ensure you’ll never make any money from your investments."
Episode references:
FSTVX - Fidelity Total Market Index Fund (now FXAIX): https://www.fidelity.com/mutual-funds/fidelity-funds/overview
Personal Finance Club by Jeremy Schneider: https://www.personalfinanceclub.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
3926 episodes
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