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Investment Basics: What NOT to Do with Allan Sloan
Manage episode 407431259 series 3560116
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Welcome to Biderman’s Money Pod. This episode is for smart individual investors who think they cannot beat the market. If this describes you, what you may be missing is that money managers and investment advisors don’t beat the market either. My guest today is my long-time friend, Allan Sloan. Allan is a highly-regarded financial journalist who is a seven-time Loeb recipient. He has written financial pieces for Forbes and Fortune and is currently a columnist for the Washington Post.
In this episode of Biderman’s Money Pod, we discuss the following:
- A tried and true investment method
- Don’t get carried away
- Finding unbiased financial outlets
- Beware of Cryptocurrencies
Key Discussion Points:
[1:14] Drawing from the well of his experience, Allan recommends a tried and true method for individuals who may not feel competent enough to invest in the market.
[5:47] Allan shares the secrets to spotting investment gimmicks and why individual investors should avoid getting carried away.
[8:50] Find unbiased, honest news media to stay financially adept but an investment philosophy should remain the same, no matter the ebbs and flows of the daily market.
[13:35] Reason to beware of Cryptocurrencies and Allan’s view of it.
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