EP. 89 Money Without the Madness - How to Surf the Market with MICK HEYMAN

The Ben Maynard Program

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What's your financial "sleeping level"? According to investment counselor Mick Heyman, that's the amount of money you can comfortably keep in stocks without losing sleep during market turbulence. This insight represents the philosophy at the heart of Heyman's approach to wealth-building—one that prioritizes investor psychology alongside financial strategy.
In this enriching conversation, Heyman shares wisdom from his new book, "Mellow Your Money: How to Surf the Market and Build Wealth Without Stressing Yourself Out," explaining why understanding your personal risk tolerance is crucial before market downturns occur. Drawing from decades of experience guiding clients through everything from Black Monday to the pandemic crash, he offers a refreshingly nuanced perspective on diversification that goes beyond simplistic advice.
The discussion delves into fascinating territory when Heyman recounts stories of different investor personalities—from the conservative "hit it down the middle" golfer to the swing-for-the-fences gambler. Even when these approaches seem diametrically opposed, Heyman demonstrates how each investor type can find success by acknowledging their psychological relationship with risk. His surfing analogy proves particularly illuminating: just as surfers must look toward the shore rather than down at turbulent waters to stay upright, investors need to focus on long-term horizons instead of daily market fluctuations.
Perhaps most valuable is Heyman's candid assessment of day trading pitfalls, cautioning that amateur traders competing against full-time professionals face steep odds. Instead, he advocates a measured approach to investing that acknowledges market unpredictability while building resilience through proper asset allocation. Whether discussing recent tariff concerns, gold as a portfolio diversifier, or the peculiar psychology behind our reluctance to sell winning positions, Heyman's guidance remains grounded in both financial acumen and human understanding.
Ready to find your investment comfort zone? Discover how to surf financial waves without wiping out. Subscribe, leave a comment, and learn more about Mick's approach at mellowyourmoney.com.

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Chapters

1. EP. 89 Money Without the Madness - How to Surf the Market with MICK HEYMAN (00:00:00)

2. Episode Introduction and Housekeeping (00:00:09)

3. Meet Mick Heyman: Investment Philosophy (00:02:47)

4. Understanding Diversification and Risk Tolerance (00:07:18)

5. Psychology of Investment Decisions (00:15:44)

6. Trading vs. Long-term Investing (00:24:13)

7. Navigating Market Volatility and Tariffs (00:32:34)

8. Personal Interests and Life Lessons (00:43:04)

9. Book Information and Sign-off (00:53:36)