Wall Street for Dummies
There are a 140 Americans who have $26 trillion (that’s trillion with a T) invested in self-directed retirement accounts. These dollars are unevenly spread between active 401(k) plan and self-directed IRAs. Just thinking about these dollars market has the mavens of Wall Street salivating, because they see this as their golden ticket to a lavish lifestyle. Last year alone, Wall Street took in $250 billion for their participation in the management of these accounts.
The mission of my podcast is to answer the question; “Is the juice worth the squeeze? While the group in total paid $250 billion dollars in fees, some paid significant fees, while others paid next to nothing, and yet experienced better than average returns.
This begs the question; Which group would you prefer to belong to???
I borrowed the title of my educational program, Wall Street for Dummies, from the successful series of books that takes technical topics and presents them in a fashion that the non-professional can master on their own. On the surface, the title may sound like a put down to my followers, but it is intended to be a single digit salute to the Wall Street professionals indicating that they are not as elite as they claim to be.
Wall Street for Dummies
Season 1, Episode 11 Mr. Market Forgets to Take His Meds
Over the course of the past few weeks, Mr. Market has been on a tear. Most people view his actions as chaotic, unexplainable and unpredictable. In this incredibly insightful and entertaining episode of my podcast, I will explain to you the rationale behind Mr. Markets seeming irrationality. By pealing back, the smoke and mirrors of the financial media’s ramblings, Wall Street Dummies can learn how Mr. Market really works and use that insight to grow their retirement accounts.