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Better Money Decisions

You’ve probably started with great intentions, telling yourself you’ll stash away more for retirement and buy fewer lattes (because some writer said buying lattes is a bad thing). But life happens. It’s not as neat and tidy as the financial experts on TV seem to think. You’ve got a lot going on in your life, and you need more than simplistic, cookie-cutter instructions to keep you on the right financial path. Kate Stalter escorts you to the right path for your money. She talks to experts and "normal" people who have taken the right steps to make better money decisions.
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Now displaying: Page 1
Feb 23, 2017

Today's guest, Rob Lutts, is the author of The Great Game of Business- Investing to Win. He is the Chief Investment Officer and President at Cabot Wealth Management in Salem, Massachusetts. Although Kate was initially unsure about interviewing him on her show, as Rob and his team have a different investment policy to Kate's company, Better Money Decisions, she's happy now that she decided to have him as her guest. This is because too many investors are trapped in the idea that there's a big crash coming, with 2008 still fresh in everybody's minds. The truth is that we never know what the market will bring. If it were all certain, stock investing would not be a particularly lucrative endeavor.

Rob's company uses single stocks, something that Kate's firm does not advocate, yet even though their philosophies differ, Rob makes some points that Kate fully agrees with. Kate is intrigued by Rob's views on the future of investing. He talks about getting people out of the negative mindset that it's all going to come crashing down. His view is that technology is advancing and that's investable. Kate reminds you that the investing world is about companies and regardless of the current 'zeitgeist', profitability remains the bottom line, no matter what the products are. She points out that the idea of a systemic collapse overlooks all the current technological advances- which are investable.  Listen in today and keep yourself up to speed, when it comes to making your investments.

 

Today, Rob talks to Kate about:

 

  • His book, The Great game Of Business, about what works in financial markets.
  • The idea that everything is going to come crashing down.
  • The role of the Financial Adviser.
  • How he sees emerging markets as an investment opportunity today.
  • How the speed of technology today is leading to incredible advancements, with the USA being a leader in this space.
  • That the capability of computers is going to continue to accelerate.
  • The idea that we raise expectations in the negative cycle so high that people actually believe that it's true.
  • The wonderful systems in place in the USA today, as compared with the rest of the world.
  • Why he thinks that the USA is dominating in so many spaces today.
  • What's driving returns in the long run.
  • Stemwinders- what they are and what they do.
  • Why investors need to get used to things moving faster.
  • Why his favorite place to look for wealth creation is in Artificial Intelligence.
  • Why he sees the winning companies to be those with all the data, like Google, Facebook, and Amazon.

 

Today, Kate answers an email from Amy, who asks: “How much can I contribute to my 401K? Listen in to hear Kate's Response.

 

Recommended books:

Singularity by Ray Kurzweil

The Progress Paradox by Gregg Easterbrook

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