How I Invest My Money audiobook cover - Finance Experts Reveal How They Save, Spend, and Invest

How I Invest My Money

Finance Experts Reveal How They Save, Spend, and Invest

Edited by Joshua Brown and Brian Portnoy

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How I Invest My Money
The 'Why' of Investing+
Income Strategies+
Investing for Values+
Simplicity & Equities+
Risk & Mistakes+
Psychology of Wealth+

Quiz — Test Your Understanding

Question 1 of 6
According to the book, why might it actually be acceptable that many financial advisors don't invest their own money in the same funds they recommend to clients?
  • A. Because advisors legally must keep their personal assets separated from client-facing funds.
  • B. Because advisors and clients have different personal needs and goals, similar to how doctors choose different treatments for themselves than their patients.
  • C. Because the funds recommended to clients usually have higher fees that advisors want to avoid.
  • D. Because advisors prefer highly speculative investments, while clients require safe, low-yield bonds.
Question 2 of 6
Why did Jenny Harrington recommend dividend-paying stocks over bonds for a client retiring at age 55?
  • A. Bonds are highly volatile and carry a much larger risk of total capital wipeout.
  • B. Dividend-paying stocks are guaranteed by the federal government, making them safer than corporate bonds.
  • C. Bonds provide a stable income but do not grow over time, whereas dividend stocks can offer both stable and growing income.
  • D. The client wanted to actively trade daily, and bonds are generally illiquid.
Question 3 of 6
For investor Dasarte Yarnway, what is the primary benefit of being the sole equity owner of his own financial firm?
  • A. It guarantees him the highest possible financial return compared to the stock market.
  • B. It gives him "equity in time," allowing him to control his schedule and be physically present for his family.
  • C. It allows him to avoid paying corporate taxes on his investment returns.
  • D. It prevents outside shareholders from forcing him to invest in companies that conflict with his morals.
Question 4 of 6
How does Ashby Daniels justify keeping his portfolio in 100 percent equities despite the high volatility of the stock market?
  • A. He only invests in companies that guarantee a minimum annual dividend payout.
  • B. He relies on complex algorithms to time the market and avoid short-term crashes.
  • C. His short-term financial needs are covered by his income, allowing him to wait out volatility for long-term gains using index funds.
  • D. He frequently trades individual stocks to offset the losses of his underperforming assets.
Question 5 of 6
Why is independent investor Tyrone Ross comfortable holding the majority of his investments in high-risk crypto-assets like Bitcoin?
  • A. He is young and single, which allows him to bear a higher level of financial risk.
  • B. He has insider knowledge of the cryptocurrency market from his time at Merrill Lynch.
  • C. He believes crypto-assets are completely insulated from stock market crashes.
  • D. He uses his crypto-assets to generate a steady, predictable monthly dividend.
Question 6 of 6
How does Joshua Rogers apply Deepak Chopra's "Law of Giving" to his investment strategy?
  • A. He donates 50 percent of his annual investment profits to charitable organizations.
  • B. He views money like blood that needs to circulate freely, avoiding tightfistedness and investing in people he trusts.
  • C. He strictly invests in healthcare and medical technology companies to help cure diseases.
  • D. He refuses to sell any of his stocks, believing that holding them forever is a form of generosity to the market.

How I Invest My Money — Full Chapter Overview

How I Invest My Money Summary & Overview

How I Invest My Money (2020) isn’t about the right way of planning your financial future. Instead, it offers a rare insight into what financial industry insiders do with their own money. So how do the pros play the market? Well, it turns out there’s no single answer to that question. How people invest depends on who they are and what kind of values and goals they have.

Who Should Listen to How I Invest My Money?

  • Savers looking to invest their nest eggs
  • Would-be retirees
  • Financial greenhorns

About the Author: Edited by Joshua Brown and Brian Portnoy

Josh Brown is the co-founder and CEO of Ritholtz Wealth Management, a financial services firm that manages over $1 billion in assets for a range of individual, corporate, and institutional clients. He’s the author of Backstage Wall Street and Clash of the Financial Pundits.

Brian Portnoy is the mind behind Shaping Wealth, a financial wellness platform that aims to help clients make better financial decisions. His previous books include The Investor’s Paradox and The Geometry of Wealth.

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