Ep 112 Why Professionals Fail and You Can Succeed in Investments with Brian Feroldi

Brian chats about how a small investor can beat the big guys and achieve success in the stock market. Learn how he is able to do this and how you can too.
Take away: Small Investors have an advantage over institutional investors.   Action step: Educated yourself on investing in stocks by reading books.   Money Learnings: Brian's parents taught him about frugality and savings. They modeled good behavior through their actions and values. Brian is a natural saver. Brian is teaching his kids about money by paying them interest on their savings and buying them stocks.    Bio: Brian has been striving for financial independence even before he knew what the term meant.    Brian struck gold right out of college when he was hired at a successful medical device company soon after it was founded. However, Brian spent all of his free time on his true passion -- investing. Brian struck gold again in 2015 when he was hired by Motley Fool to cover the healthcare industry for Fool.com. He has been doing that ever since.   Brian currently resides in Rhode Island where he is happily married and is working hard to raise three small kids. Brian's hobbies are playing games of all types (chess and fortnite have his attention right now), volunteering at his kids' activities, hanging out with friends, and cheering on the Patriots.   Highlights from this episode: Link to show notes Brian's savings rate topped out at 65%
Why Brian tracks his spending manually.
Create the money flow system that works best for you. 
Why professionals fail and why you can succeed with stock picking. 
Look at stock purchases like a business owner buying a company. 
The analysis Warren Buffet uses buys companies. 
How to investigate companies and their culture. 
Why experts are at a disadvantage. 
It's hard to buy and sell stocks when you have millions of dollars to invest.
What the prices of a stock really means. 
Professionals charge a lot of fee's which may seem small but add up over time. 
How index funds holdings are determined. 
When should you spend the time to pick stocks?
How to create a process for picking stocks.
https://boards.fool.com/brian39s-quality-checklist-version-20-32973109.aspx
Separating our emotions from our decision making process. 
Making mistakes is part of the learning process.
The secrets to life according to Brian.
Warren Buffett and the Interpretation of Financial Statements
  Twitter: @brianferoldi tmftypeoh on https://www.fool.com/  
Richer Soul Life Beyond Money. You got rich, now what? Let's talk about your journey to more a purposeful, intentional, amazing life. Where are you going to go and how are you going to get there? Let's figure that out together. At the core is the financial well being to be able to do what you want, when you want, how you want. It's about personal freedom!
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Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.