242: Investor Psychology with Garrett Gunderson

Investor Psychology with Garrett Gunderson

by Keith Weinhold | Get Rich Education

Compound interest doesn’t work in real life.

5% is the average mutual fund investor return, though the S&P returned 10%.

This is for the twenty years ending in 2015 (Source: Dalbar). This is even before taxes and inflation!

Why are 401(k)s failing people? Inflation, emotion, taxes, fees, and volatility.

Emotions make humans sell high and buy low – a recipe for disaster. I discuss how cash flow helps you remove emotion.

Garrett Gunderson of Wealth Factory joins us.

Financially-free people prioritize this way: value, cost, then price.

Economic independence has five levers:

  • Recover cash
  • Engineer wealth
  • Accelerate investment income
  • Scale business revenue
  • Treat yourself as the greatest asset

Behavioral finance is where investing meets emotion.

Facts don’t change people’s minds. I discuss what does.

“Facts are stubborn things. But our minds are even more stubborn.” -John Adams

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Resources Mentioned >

Resources Mentioned: Garrett Gunderson: WealthFactory.com CashFlowBanking.com | Articles referenced: Why Investors Get Below Average Stock Returns, Facts Don’t Change People’s Minds. This Does. | Mortgage Loans: RidgeLendingGroup.com | Cash Flow Banking: ProducersWealth.com | Turnkey Real Estate: NoradaRealEstate.com | QRP: TotalControlFinancial.com | JWB New Construction Turnkey: NewConstructionTurnkey.com | Best Financial Education: GetRichEducation.com | Find Properties: GREturnkey.com

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