Nearly every day there's news that affects you and your money. From politics and taxes to markets and interest rates, things are happening that affect your savings and your future -- so many things, in fact, it's hard to keep up with them all.

Problem solved. We track everything that's happening every day. And every couple of weeks, I condense it all and report everything you need to know in a special edition of the "Money!" podcast.

In addition to recapping the news, we check in on my personal investments, and discuss ideas and suggestions to make you smarter and richer, all without boring you to death in the process.

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If you've got money in the stock market and haven't checked your statements lately, you're in for a pleasant surprise.

In mid-March of 2020, the Dow Jones Industrial Average closed below 20,000. As I write this, a bit more than a year later, it's over 34,000. That's a gain of 70%. The tech-heavy NASDAQ index has done even better: It's nearly doubled.

But as they say, what goes up must come down. Maybe not today, maybe not tomorrow, but trees don't grow to the sky.

So, what's an investor to do? If you sell, you could be leaving money on the table. But if you don't, all those profits may one day seem like a pleasant dream.

While there's no perfect solution, there are some techniques to protect your profits, or at least prepare for the inevitable. That's what this week's "Money!" podcast is about. We're going to talk about some things you can do to keep from surrendering all those tasty gains.

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In the 40+ years I've been investing, I've made a few inspired moves and lots and lots of dumb ones.

Accentuating the positive and eliminating the negative is the key to success in investing, as well as most worthwhile endeavors in life. The question: How do we go about it?

The path most of us choose is the least efficient: stumbling around, making mistakes and gradually learning the habits and processes that most often result in success.

A better method? Learning from other peoples' mistakes rather than your own, and adopting habits that have been proven successful by those who came before you.

That's what this week's "Money!" podcast is about. We're going to discuss the 15 (at least) habits of highly successful investors.

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Nearly every day there's news that affects you and your money. From politics and taxes to markets and interest rates, things are happening that affect your savings and your future -- so many things, in fact, it's hard to keep up with them all.

Problem solved. I track everything that's happening every day. And every couple of weeks, I condense it all and report everything you need to know in a special edition of the "Money!" podcast.

In addition to recapping the news, we check in on my personal investments, and discuss ideas and suggestions to make you smarter and richer, all without boring you to death in the process.

Want more information? Check out these resources:

Hosts:

Become a member: https://www.moneytalksnews.com/members/

See omnystudio.com/listener for privacy information.

I've been investing for 40+ years, including 10 as a Wall Street financial advisor. If there's a mistake an investor can possibly make, rest assured I've made it.

As with most things in life, the fewer mistakes you make the better. But as opposed to other common tasks, mistakes in investing can have life-changing implications. For example, consider one of the prime mistakes investors make: underinvestment in stocks, or not investing in risk assets at all.

If you invest $500/month for 40 years and earn 5% -- a return you'd be lucky to get at the bank -- you'd end up with about $725,000.

If you invest $500/month for 40 years and earn 10% -- the historical return from stocks over the last hundred years -- you'd end up with $2,700,000.

I'd consider a couple of million bucks life-changing. Wouldn't you?

Risk management is one common investor screw-up, but there are plenty more, and we're going to cover as many as possible in this week's "Money" podcast.

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Imagine if you had a time machine. Knowing what you know now, you could take a trip to the past and buy Apple, Amazon and Bitcoin for pennies. You'd turn $500 into countless millions.

While I don't have a time machine you can borrow, I can offer you the next best thing: a look into the future and into the companies that will potentially thrive and potentially make you a ton of money.

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Nearly every day there's news that affects you and your money. From politics and taxes to markets and interest rates, things are happening that affect your savings and your future -- so many things, in fact, it's hard to keep up with them all.

Problem solved. I track everything that's happening every day. And every couple of weeks, I condense it all and report everything you need to know in a special edition of the "Money!" podcast.

In addition to recapping the news, we check in on my personal investments, and discuss ideas and suggestions to make you smarter and richer, all without boring you to death in the process. 

Want more information? Check out these resources:

Hosts:

Become a member: https://www.moneytalksnews.com/members/

See omnystudio.com/listener for privacy information.

Imagine retiring with your savings earning a nice, fat 20%. Not only that, the income from your account would increase every year. Finally, there's a good chance that in addition to those nice interest checks, your principal could also swell over time.

Sound too good to be true? It isn't. If you're willing to take a measured amount of risk, and give it some time, you can create a savings plan that will pay you a stable, growing income during your retirement years, and maybe grow your principal at the same time.

I've been using this investment idea for more than 10 years now, and I'm not only earning 10, 20, even 60% income on my original investments, my principal has shot skyward.

What is this magic investment? It's nothing complicated. In fact, it's as old as investing itself. 

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If you've been paying attention to the news this year, especially money news, you know there's been a lot of talk about inflation. There's been an avalanche of articles with titles like U.S consumer prices surge in March, CPI finds, pushing inflation to 2 1/2-year high and Consumer prices rise more than expected, pushed by 9.1% jump in gasoline.

Inflation, otherwise known as rising prices, can wreak havoc on any budget, but hits retirees especially hard. Not only can inflation stretch a spending plan, but one of its side effects is rising interest rates: good for savers, but often bad for stocks.

So, what's a saver, especially one close to retirement, supposed to do? Is inflation here to stay or is this just a temporary blip?

That's the topic of this week's "Money!" podcast. We're going to explore some ideas, and see what, if anything, we need to do to protect ourselves and our savings.

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See omnystudio.com/listener for privacy information.

Nearly every day there's news that affects you and your money. From politics and taxes to markets and interest rates, things are happening that affect your savings and your future -- so many things, in fact, it's hard to keep up with them all.

Problem solved. I track everything that's happening every day. And every couple of weeks, I condense it all and report everything you need to know in a special edition of the "Money!" podcast.

In addition to recapping the news, we check in on my personal investments, and discuss ideas and suggestions to make you smarter and richer, all without boring you to death in the process.

Want more information? Check out these resources:

Become a member: https://www.moneytalksnews.com/members/

See omnystudio.com/listener for privacy information.