PODCAST EPISODE 234: Countering What Your Kids Are Learning In School

ByPaul Adams
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WHAT WAS COVERED

      • 00:00 – Episode begins, Paul welcomes listeners.
      • 00:40 – What kids are learning about the stock market.
      • 06:50 – How to handle the stock market trading game.
      • 11:15 – Closing thoughts.
      • 11:55 – Episode ends, Thank you for listening

[Tweet “Leverage is the biggest danger to investors, because it can force you to sell when it’s the worst time to sell. #YourBusinessYourWealth”]

[Tweet “Teach your kids that the reason you don’t pick individual stock, is because of the long-term outcomes that are provided from this type of trading. #YourBusinessYourWealth”]

[Tweet “Rather, we should be teaching kids that the way to produce long-term financial success is to have a portfolio that is adjusted to the risk tolerance that puts them in the position that they can achieve market returns so that on an inflation adjusted basis their wealth is growing over time. #YourBusinessYourWealth”]

LINKS

Article: “A High-School Freshman’s Investing Lesson: Time Horizons Matter” – WSJ

Article: “What Teenagers Really Learn From Stock-Market Games” – WSJ

Video Mentioned: Warren Buffet Afternoon Session – 2004 Meeting

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Cape Not Required (Cory’s Book)

Sound Financial Advice (Paul’s Book)

Clockwork: Design Your Business to Run Itself

Mike Michalowicz’s Book – Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

Loserthink: How Untrained Brains Are Ruining America

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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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© 2020 Sound Financial Inc. yourbusinessyourwealth.com

PRODUCTION CREDITS

Podcast production and show notes by Greater North Productions LLC

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Paul Adams

Author

Paul Adams

CEO & Founder

As CEO and founder of Sound Financial Group Paul leads a team of financial professionals dedicated to helping clients define their financial goals then developing unique, tailored strategies to reach them. Paul tells his clients often that they should always make their financial decisions based upon indisputable math and independent scholarship, not based on media hype, hearsay, or trend.

Financial Advisor
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