PODCAST EPISODE 208 - Day Trading to High Tax Bills & Suze Orman's 5 Best Pieces of Financial Advice

EPISODE SUMMARY

Topics Covered:

Article 1 – How a Robinhood newb got an $800k tax bill on $45k profit

Article 2 – Fidelity’s Hiring Spree Is a Cautionary Signal

Article 3 – Suze Orman’s 5 Best Pieces of Financial Advice

WHAT WAS COVERED

00:00 – Episode begins.
00:35 – Paul welcomes the listeners.
02:00 – Highlighting headlines.
04:30 – Article Breakdown: How a Robinhood newb got an $800k tax bill on $45k profit
13:15 – Article Breakdown: Fidelity’s Hiring Spree Is a Cautionary Signal
20:00 – Article Breakdown: Suze Orman’s 5 Best Pieces of Financial Advice
33:30 – how your perspective should be after reading these articles
35:00 – Episode ends, thank you for listening.

TWEETABLES

[Tweet “This [Robinhood investor] spent all their time just focusing on which stock would move in a certain direction and not enough time on understanding the tax consequences of those investments.” #YourBusinessYourWealth”]

[Tweet “Speaking on trading platforms: Their goal isn’t disciplined investment strategies of their customers, its top open accounts make deposits start trading. #YourBusinessYourWealth”]

[Tweet “The best way to use [financial articles and entertainment] is to create questions for you to ask. rather than concluding with answers. #YourBusinessYourWealth”]

LINKS

Topics Covered: Article 1 – How a Robinhood newb got an $800k tax bill on $45k profit

Article 2 – Fidelity’s Hiring Spree Is a Cautionary Signal

Article 3 – Suze Orman’s 5 Best Pieces of Financial Advice

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Loserthink: How Untrained Brains Are Ruining America

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MUSIC CREDITS

Contains a sample of “King” by Zayde Wølf courtesy of Lyric House.

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Transcribed by https://otter.ai

This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation.

Sound Financial Inc. dba Sound Financial Group is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. Insurance products and services are offered and sold through Sound Financial Inc. dba Sound Financial Group and individually licensed and appointed agents in all appropriate jurisdictions.

This podcast is meant for general informational purposes and is not to be construed as tax, legal, or investment advice. You should consult a financial professional regarding your individual situation. Guest speakers are not affiliated with Sound Financial Inc. dba Sound Financial Group unless otherwise stated, and their opinions are their own. Opinions, estimates, forecasts, and statements of financial market trends are based on current market conditions and are subject to change without notice. Past performance is not a guarantee of future results.

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