075R Mainstream Adoption

075R | Mainstream Adoption

“Personal finance is becoming financial independence.” Financial independence doesn’t necessarily mean retiring early; it means allocating your resources in the way you see fit.

This is just a taste of what we discuss in this recap from Monday's interview with Brian Feroldi from The Motley Fool.

  • Jonathan talks about blowing his budget on breakfast at the cold bar in Wegman’s, while Brad thinks that grocery shopping at Wegman’s is the same cost as Walmart.
  • Brad talks about meeting strangers who also in the FI community.
  • Brad and Jonathan wonder if financial independence is on the edge of mainstream adoption?
  • “Personal finance is becoming financial independence.”
  • Financial independence doesn’t necessarily mean retiring early; it means allocating your resources in the way you see fit.
  • Review of Monday’s episode with Brian Feroldi, about individual stock investment.
  • Do Brad and Jonathan own individual stocks?
  • What are the challenges to getting started with individual stocks?
  • Are individual stocks better as a hobby?
  • What are the strengths of the way Brian described investing in individual stocks?
  • A comment from Ray, in the ChooseFI community, that individual stocks requires too much individual management.
  • Cody wonders whether the current bull market might be playing in favor of individual investors, without having yet felt the consequence of the inherent risk?
  • How does Jackie, another ChooseFI community member, evaluate investment opportunities, and how did she get comfortable making investment decisions?
  • Tim reiterates the value of the Motley Fool, and the recommendations they make.
  • Frank, another community member, is concerned about a new investor’s learning curve: the time and money it takes to learn enough about individual investing to find success.
  • Is it possible to recognize large-scale Enron-type fraud by looking at investment research?
  • If you hold stocks from companies in similar fields, would it be better to simply hold a sector index stock?
  • Mr. 1500, Karl, worries about long-term investing with individual stocks.
  • Knowing when to sell individual stocks is an almost impossible task.
  • How are Brad and Brian getting their children started with investing?
  • How much did the ChooseFI community respond to the Treehouse scholarship proposal?
  • How can ChooseFI potentially connect students to mentors?

Links mentioned in today's show:

M1 Finance

Treehouse Tech Degree


The Simple Path to Wealth

Design Your Future

Freelance to Freedom


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4 thoughts on “075R | Mainstream Adoption”

  1. Shocked I tell you! Shocked! I’m shocked to hear Wegman’s is as cheap as Walmart since the Aldi-Lidl-Walmart triangle of stores in my ‘hood are mind-blowingly cheap. We have a Wegman’s under construction (first ever in Raleigh) right down the road so I’m hoping they crank up the grocery price/quality/availability wars one more notch.

    And that $9.49/lb cold bar – LOL at Jonathan and thanks for subsidizing all of us savvy shoppers. 🙂 I’ve thought the same thing about gaming the cold bar at our Kroger (where I think it’s only $5.99 or $6.99). Just load up on tons of fancy cheeses and olives and leave the crap like lettuce and shredded carrots. 🙂

  2. Seems like stock picking can be qualified as a Barista job for after “RE”. Brian seemed to have eluded to making 55% instead of 25% retun over a 5 years period (2013-2018) That would be about 4% annualized return over the market. I’m sure that he puts lots of effort and have some clever insigh in what to buy, but on a million dollar portfolio that would be 40k per year of extra money.

    Like you, I’m skeptical of my ability of picking the right stock even if I did choose 16 companies. If you were to invest say 250k that way, that would mean about 10k of extra return for you which would be about what I would expect for a meaningfull side gig which I could grow to a full job if I cared.

    On a side note, even if 1 out of 16 companies did goes to 0 aka bankrupt, you would still have more or less 15/16 or 94% of the portfolio. Diversification is key even for active management.

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