Wall Street for Dummies
One hundred and thirty million Americans have a self-directed retirement account with a total value of $25 trillion. Two decades ago, the management of these accounts was the exclusive domain of Wall Street. The along came Joe Ricketts and Jack Bogle who built tools that allow ordinary investors to produce results that are better than the pros.
I operate under no illusion that I have discovered the investment Holy Grail. But what I have discovered that the conventional wisdom on how the stock market operates, doesn’t hold water in the real world. My mission is to make investors aware of their options and teach them how to use them.
Wall Street Dummy s are shrewd investors who realize that Wall Street’s jibber jabber generates more money for Wall Street than Main Street. They view the moniker Dummy as a badge of honor and a put down of the Wall Street elite. Wall Street Dummies are stalwart proponents of the investment tools created by Joe Ricketts and Jack Bogle and use them to enhance the returns of their retirement accounts.
Wall Street for Dummies
Season 1 Episode 3 The Magnificent 7
The media is all the buzz about the so called magnificent 7. The magnificent seven are the biggest and most successful tech companies in the world: Apple, Amazon, Google, Facebook, Microsoft, Nvidia and Tesla. Because of their size they have a disproportionate influences over the market indexes. This has caused the Wall Street’ media lackies to hyperventilate over the possible that one or more of the Magnificent 7 will stumble and bring the whole market crashing down upon our ears. The subject of this incredibly insight episode of my podcast is to dispel this myth and demonstrate to individual investors how they can benefit from this total misunderstood situation.