How to Build Wealth w/ Nick Maggiulli (TIP439)

On today’s show we have Nick Maggiulli. Nick is the COO and Data Scientist at Ritholtz Wealth Management. He’s also the author of the popular blog OfDollarsAndData.com as well as his new book Just Keep Buying, which authors like Morgan Housel deem a “must read.” Nick is an expert in reframing and debunking old financial rhetoric.
IN THIS EPISODE, YOU’LL LEARN:
00:00:00 - Intro
00:00:52 - Why you actually might not want to max out your 401k
00:07:20 - Why you shouldn’t try to “buy the dip.”
00:16:47 - Why you probably shouldn’t pick stocks
00:25:52 - Nick’s case for bonds in today’s economy
00:31:24 - How to buy during a crisis
00:35:20 - Three reasons you should consider selling a position
00:39:10 - Why even if you get rich you may never feel rich
I enjoyed getting to talk to Nick and reading his book. Sometimes it’s just hard to argue with the data. So with that here’s my conversation with Nick Maggiulli.
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✔️ Subscribe to Bitcoin Fundamentals/We Study Billionaires podcast show: link.chtbl.com/WSB439
🖊️ Access our free show notes and transcript here: www.theinvestorspodcast.com/e...
📖 BOOKS MENTIONED:
- Just Keep Buying by Nick Maggiulli: amzn.to/37DqCTR
Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀
▶️ EPISODES MENTIONED:
- (MI157) Just Keep Buying w/ Nicholas Maggiulli: www.theinvestorspodcast.com/m...
💡 OTHER RESOURCES
- Trey's Twitter Account - / treylockerbie
- Nick's Twitter Account - / dollarsanddata
- Visit OfDollarsAndData Blog: www.ofdollarsanddata.com/
- SPIVA reports: www.spglobal.com/spdji/en/res...
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🏘 Learn the ins and outs of real estate investing with our Real Estate 101 podcast show: • 🏠 Real Estate 101 💵
💸Get introduced to the world of investing with our Millennial Investing podcast show: • 💸 Millennial Investing 🎯
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[@sedrickemery668]

There is a thing called property managers. I have a great property manager and haven't had to fix a broken pipe. I love REITS and investment property.

[@taylorcollins1646]

Thanks Trey & Nick, looking forward to listening to this interview all the way through this weekend!

[@TheInvestorsPodcastNetwork]

Thank you so much, Taylor!

[@korgond]

Nick on time 👍

[@BauerPauerHauer]

I'm just here for Nick's turtle neck

[@michalmatovcik3082]

Great questions. High quality.

[@TheInvestorsPodcastNetwork]

Glad you think so!

[@vlodario]

Thx guys. I wish inflation was such low. In Poland is 20%

[@roxxycrystals]

May all being be healthy, be well, be free!

[@HaruSakamoto]

Big fan of you Trey, your questions are just astonishingly good.

[@TheInvestorsPodcastNetwork]

Glad you like them!

[@wayneatwell7039]

I’m 3/3 calling big drops and loading up on puts. Maybe I have just been lucky or maybe I’m actually paying attention to the macro environment. I think a lot of people want you to believe that you can’t time the market because they can’t time the market and they don’t want others getting benefits that they can’t get.