Personal Finance for Long-Term Investors - The Best Interest

In Episode 8, I read from my recent article "31 Lessons in 31 Years." And I answer a listener question about Roth accounts vs. Traditional accounts and a question about pesky investing fees. (P.S. - sorry about Sadie's jingle noises!) 31 Lessons in 31 Years---https://bestinterest.blog/lessons/ A Lot Can Change in Ten Years---https://bestinterest.blog/change-in-ten-years/ On 6-year old luck of the draw---https://bestinterest.blog/meritocracy/ This is Water -- https://bestinterest.blog/lessons/#27_This_is_Water A Bimodal Mindset - https://bestinterest.blog/bimodal-spending/

Today's episode is an entertaining and informative conversation with "5 AM" Joel of 5amJoel.com and BudgetsAreSexy.com Link to 5AM Joel's site: https://5amjoel.com/ Link to Budgets Are Sexy: https://www.budgetsaresexy.com/a-dogs-guide-to-personal-finance-%F0%9F%90%95/ Link about GameStop Short Squeeze Q&A: https://bestinterest.blog/gamestop-short-squeeze/

We start Episode 6 by talking about the future. Is the outlook optimistic or pessimistic? Will the world be better or worse? Will our investments go up or down? And then we answer a listener question (from Spain!) about NFTs, or non-fungible tokens. Links mentioned: The Compound Show about "redlining" Investing at All-Time Highs Mr Market

We break down Warren Buffett's annual letter to the Berkshire Hathaway shareholders. How does the "Oracle of Omaha" address his co-owners? And then we get a great question from Chris & Jenni at TicTocLife. If you're saving up for a near-term goal, should you try to invest that money? The Best Interest Patreon: https://www.patreon.com/bestinterest Berkshire Hathaway Shareholder Letter: https://www.berkshirehathaway.com/letters/2020ltr.pdf Chris & Jenni at TicTocLife: https://www.tictoclife.com/

The market drops 2% and people clamor, "Buy the dip!" Let's talk about how dumb that is. And then let's discuss Michael Burry's opinion that the U.S. is about the face an inflation crisis comparative to 1920's Weimar Germany. Yikes. Mentioned in this episode: "Priced in" - https://bestinterest.blog/priced-in/ "The CoronaViral Stock Market" - https://bestinterest.blog/stock-market-coronavirus/ Viral Stock Market Strategies - https://bestinterest.blog/stock-market-strategies/ A Random Walk Down Wall Street, by Burton Malkiel Note--Affiliate Link: https://amzn.to/3uH5Fys

On Episode 3 of the Best Interest Podcast, we discuss personal finance unknowns. Sudden expenses, 'black swans,' and what we can do to save ourselves from trouble. https://bestinterest.blog/personal-finance-unknowns/ I also answer an interesting question about CAPM--the Capital Asset Pricing Model. Cool stuff!

How can a windy lake teach us about long-term investing? And I answer listener questions about my first investment, about bonds, and about the "flat earth" conspiracy. How fun!

In this inaugural episode of the Best Interest Podcast, Jesse revises the show's starting point by addressing the audience in May 2024, recommending new listeners to begin with the most recent content or from episode 44 onwards. Jesse admits the early episodes from its initial launch in February 2021 had lower quality, suggesting the later episodes have significantly better production, content, and engaging interviews. He encourages new listeners to either work backwards from the latest episodes or choose topics and guests of interest from recent content for an engaging and educational experience. 00:00 Welcome to the Best Interest Podcast! 00:31 A Candid Look Back: The Evolution of Our Podcast 01:21 A Sneak Peek: The Podcast Trailer