The Investing for Beginners Podcast - Your Path to Financial Freedom

Announcer:                        00:00                     You’re

tuned in to the Investing for Beginners podcast. Finally, step by step premium

investment guidance for beginners led by Andrew Sather and Dave Ahern. To

decode industry jargon, silence crippling confusion and help you overcome

emotions by looking at the numbers. Your path to financial freedom starts now.

Andrew:                              00:36                     Welcome to the Investing for Beginners podcast. I am Andrew Sather; Dave is taking the day off. So today I have a special guest with us. Today’s guest is David Keller. He is the president and chief strategist at Sierra Alpha Research LLC. I am very excited to hear what he has to say about behavioral finance. So before we dig into all of that and hear everything that David’s got going on and the stock market investing and finance world, first off, thanks to David for joining the show. And if you can give us the listeners just a short synopsis of kind of where you’ve been, how your investing journey has been and how it’s taken you and what’s something cool that you’re working on today.

David:                                   01:26                     Absolutely.

Thanks, Andrew so much for the invitation. It’s great too, great to join you.

And I, I’ve listened to some of the the the episodes of the podcast. I think

it’s fantastic and I love your focus on educating, uh, beginning investors

that’s there. There’s so much that, uh, investors have to learn as I get

started. So, so thanks for what you guys are doing. I think it’s great. Um, so

my, uh, I’ve been in the financial industry for about 19 years. I started in,

uh, mid 2000, which if you know, your financial marketing history man means

you, you know, that the first, uh, you know, six, 12, 18 months of my

investing, uh, experience where relatively difficult, which was coming out of

the tech bubble and, and watching people that had come before me sort of

struggling with that. And I was at Bloomberg, got in New York for the first

eight years of a, of my career, and that’s where I learned about behavioral

finance investors, sentiment decision making, and then a technical analysis.

David:                                   02:20       &nbs...

Announcer:                        00:00                     You’re

tuned in to the Investing for Beginners podcast. Finally, step by step premium

investment guidance for beginners led by Andrew Sather and Dave Ahern to decode

industry jargon, silence crippling confusion and help you overcome emotions by

looking at the numbers, your path to financial freedom starts now.

Dave:                                    00:36                     All

right, folks are welcome to investing for beginners podcast. This is episode 108

and I got some great listener questions, and we’re going to take a few moments

answer those. Who are we kidding? It’s going to be more than a few moments. But

we’re going to go ahead and answer these questions for you guys on air and

we’ll just kind of go from there. So I’m going to go ahead and read it.

Dave:                                    00:54                     The

first question, so it says, Hi Andrew. First off, I want to sincerely thank you

for all that you’ve taught me in regards to the stock market. I’ve always been

interested slash intimidated, but once I caught onto your podcast, I couldn’t

stop. They are just digesting more and more information on the market. So

again, a huge thank you. Quick question, quick question. When it comes to

dollar cost averaging, I am looking to invest $150 a month. With that being

said, I am ready to purchase my first share, which happens to be this month

stock pick, ticker blah blah, blah. It is trading at $91, so I’m only going to

purchase one share, but I’m curious now if I should save the remaining $60 for

next month that purchased two shares are used, the remaining $60 I have to

purchase another share of a cheaper sock. Any feedback would be helpful. Thank

you, Eric.

Andrew:                              01:44                     Okay,

so to be clear, for people who don’t follow everything I do, I have a

newsletter. It’s a paid newsletter called the say their research Eli there.

Announcer:                        00:00                     You’re

tuned in to the Investing for Beginners podcast. Finally, step by step premium

investment guidance for beginners led by Andrew Sather and Dave Ahern. To

decode industry jargon, silence crippling confusion and help you overcome

emotions by looking at the numbers. Your path to financial freedom starts now.

Dave:                                    00:35                     All

right folks, we’ll welcome to the Investing for Beginners podcast. This is episode

106, tonight Andrew and I are going to talk about that, the disaster, true.

That is Sears and all the goings on with that. And talk a little bit about

bankruptcies and some other things. So Andrew, why don’t you go ahead and tell

us about the article that you sent me today and we can talk a little bit about

that.

Andrew:                              00:55                     Yeah,

it’s actually kinda depressing then, would piss a lot of people off, especially

the people that work there. So Eddie Lampert, he was the former Sears CEO. Um,

and I don’t know, maybe you know better than I was. He, did he have like, um, a

big ownership stake in the company too? Is that why?

Dave:                                    01:17                     I

think so. Yeah. He’s a hedge fund billionaire. He was supposed to turn series

into the next Berkshire Hathaway.

Andrew:                              01:26                     How’d

that, how’d that work out?

Dave:               &...

Announcer:                        00:00                     You’re

tuned in to the Investing for Beginners podcast. Finally, step by step premium

investment guidance for beginners led by Andrew Sather and Dave Ahern. To

decode industry jargon, silence crippling confusion and help you overcome

emotions by looking at the numbers, your path to financial freedom starts now.

Dave:                                    00:37                     All

right folks, welcome to Investing for Beginners podcast. This is episode 105,

tonight. Andrew and I are going to read some listener questions and we’ll go

ahead to answer those on the air and we’ll have our usual banter and witty,

witty comments from each other as we go forward with all this. So I’m going to

go ahead and read the first question. Andrew, would you like to say hello?

Andrew:                              00:58                     Hello.

Dave:                                    01:00                     Excellent.

Good job. All right, moving on. Hello. I have been following your podcast for

months and just recently signed up for your service. I noticed you’re using

your Roth IRA for your stock recommendations and tracking your 40 year

portfolio. I understand the benefits of using a Roth to avoid taxes but is

absolutely unnecessary for the goal of your slash our investing. My Roth is

being utilized with an advisor service from vanguard. So it was not available

for individual stocks. I’m using a separate, separate taxable brokerage account

for my stock picking. Would this still be beneficial in the long run with

having to pay taxes yearly on dividends and capital gains are selling if in a

taxable brokerage? Thank you Jared. Andrew, what are your thoughts on this?

Andrew: