Positives:
1. Fees fees fees. Don't overpay.
2. Downside risk, protect against it. Create assymmetrical rewards.
3. Asset allocations by some of the best finance minds - pretty sweet actually if you create dividend/"paycheck" stocks in these ratios. I outlined my own ideal allocation based on David Swenson and Ray Dalio's portfolios. Ray Dalio supports having like ~15 uncorrelated assets. Of course they benefit from people investing with them after reading the book, but doesnt mean there isnt value in learning their default allocations.
4. Annuities, blah. I believe they are one of the most profitable structures for the indistry. BUT still shows the rich push for 4 to 5% returns and make money elsewhere. Annuities maybe still a play for ultra-wealthy when they arent necessarily stock/option trading themselves or have family wealth to consider.
I am a fan of Kiyosaki, Robbins, and of course MJ and kinda have a hybrid approach of each. I think there is still value despite the selling out in Money.
Robbins- sold out to finance
Kiyosaki - "i will tell you what to do but only at the next level seminar"
MJ DeMarco - jury still out haha [emoji6]
Dont throw the baby out with the bathwater with these books.
Sent from my SM-G930V using Tapatalk
1. Fees fees fees. Don't overpay.
2. Downside risk, protect against it. Create assymmetrical rewards.
3. Asset allocations by some of the best finance minds - pretty sweet actually if you create dividend/"paycheck" stocks in these ratios. I outlined my own ideal allocation based on David Swenson and Ray Dalio's portfolios. Ray Dalio supports having like ~15 uncorrelated assets. Of course they benefit from people investing with them after reading the book, but doesnt mean there isnt value in learning their default allocations.
4. Annuities, blah. I believe they are one of the most profitable structures for the indistry. BUT still shows the rich push for 4 to 5% returns and make money elsewhere. Annuities maybe still a play for ultra-wealthy when they arent necessarily stock/option trading themselves or have family wealth to consider.
I am a fan of Kiyosaki, Robbins, and of course MJ and kinda have a hybrid approach of each. I think there is still value despite the selling out in Money.
Robbins- sold out to finance
Kiyosaki - "i will tell you what to do but only at the next level seminar"
MJ DeMarco - jury still out haha [emoji6]
Dont throw the baby out with the bathwater with these books.
Sent from my SM-G930V using Tapatalk
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