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Content provided by Joe Saul-Sehy | Cumulus Podcast Network and StackingBenjamins.com | Cumulus Podcast Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Joe Saul-Sehy | Cumulus Podcast Network and StackingBenjamins.com | Cumulus Podcast Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
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The Deceptive Allure of Investing Like the 1% (How We Get Conned) SB1726

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Manage episode 502318351 series 30345
Content provided by Joe Saul-Sehy | Cumulus Podcast Network and StackingBenjamins.com | Cumulus Podcast Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Joe Saul-Sehy | Cumulus Podcast Network and StackingBenjamins.com | Cumulus Podcast Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Ever think, “If I just followed the playbook of the ultra-wealthy, I’d be set for life”? Turns out, that’s exactly the kind of thinking that can lead you straight into the arms of a scammer. In this episode, Joe Saul-Sehy and OG break down the traps hidden inside the “invest like the 1%” mantra (and other similar phrases), complete with real-life cautionary tales, including a small-town Ponzi scheme that could’ve been ripped from a Netflix docuseries, and the spectacular belly flop of some YieldStreet real estate bets.

But it’s not all doom and gloom in the basement. You’ll also get the scoop on a controversial proposal to let private equity sneak into your 401(k), practical tips for spotting shady pitches before they drain your wallet, and the reminder that a boring-but-solid financial plan beats a flashy scam every time. Plus, the guys field a listener question on long-term care insurance and unpack the often-overlooked basics of HSAs.

Between headlines, trivia detours, and a dash of movie talk, this episode arms you with the street smarts to dodge the next “too good to be true” investment opportunity. It’s a masterclass in protecting your money—without having to hide it under your mattress.

  • The psychological tricks scammers use to lure in even savvy investors

  • Why “invest like the 1%” can backfire for everyday Stackers

  • How to evaluate alternative investments (and when to walk away)

  • The risks and realities of adding private equity to retirement accounts

  • Key questions to ask before buying long-term care insurance

  • Why a strong, clear financial plan is your best defense against cons

    Questions to Ponder During Today's Show:

  • Have you ever been tempted by an investment pitch that felt “exclusive”?

  • Would you want private equity options inside your 401(k)? Why or why not?

  • How do you decide whether an alternative investment is worth the risk?

  • What’s your personal “red flag” that makes you walk away from a deal?

    FULL SHOW NOTES: https://stackingbenjamins.com/how-to-avoid-common-rip-offs-1726

    Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201

    Enjoy!

Learn more about your ad choices. Visit podcastchoices.com/adchoices

  continue reading

1913 episodes

Artwork
iconShare
 
Manage episode 502318351 series 30345
Content provided by Joe Saul-Sehy | Cumulus Podcast Network and StackingBenjamins.com | Cumulus Podcast Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Joe Saul-Sehy | Cumulus Podcast Network and StackingBenjamins.com | Cumulus Podcast Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Ever think, “If I just followed the playbook of the ultra-wealthy, I’d be set for life”? Turns out, that’s exactly the kind of thinking that can lead you straight into the arms of a scammer. In this episode, Joe Saul-Sehy and OG break down the traps hidden inside the “invest like the 1%” mantra (and other similar phrases), complete with real-life cautionary tales, including a small-town Ponzi scheme that could’ve been ripped from a Netflix docuseries, and the spectacular belly flop of some YieldStreet real estate bets.

But it’s not all doom and gloom in the basement. You’ll also get the scoop on a controversial proposal to let private equity sneak into your 401(k), practical tips for spotting shady pitches before they drain your wallet, and the reminder that a boring-but-solid financial plan beats a flashy scam every time. Plus, the guys field a listener question on long-term care insurance and unpack the often-overlooked basics of HSAs.

Between headlines, trivia detours, and a dash of movie talk, this episode arms you with the street smarts to dodge the next “too good to be true” investment opportunity. It’s a masterclass in protecting your money—without having to hide it under your mattress.

  • The psychological tricks scammers use to lure in even savvy investors

  • Why “invest like the 1%” can backfire for everyday Stackers

  • How to evaluate alternative investments (and when to walk away)

  • The risks and realities of adding private equity to retirement accounts

  • Key questions to ask before buying long-term care insurance

  • Why a strong, clear financial plan is your best defense against cons

    Questions to Ponder During Today's Show:

  • Have you ever been tempted by an investment pitch that felt “exclusive”?

  • Would you want private equity options inside your 401(k)? Why or why not?

  • How do you decide whether an alternative investment is worth the risk?

  • What’s your personal “red flag” that makes you walk away from a deal?

    FULL SHOW NOTES: https://stackingbenjamins.com/how-to-avoid-common-rip-offs-1726

    Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201

    Enjoy!

Learn more about your ad choices. Visit podcastchoices.com/adchoices

  continue reading

1913 episodes

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