Episode 73 - Don't Be Fooled By The Financial System Investing in the stock market is an enigma to most, even in those who invest in it. There is a massive amount of data to process, and you wouldn’t know where to start. What if you can find that...
Episode 73 - Don't Be Fooled By The Financial System
Investing in the stock market is an enigma to most, even in those who invest in it. There is a massive amount of data to process, and you wouldn’t know where to start. What if you can find that staring perspective that provides a very detailed insight into the stock market game?
Join Mo Bina in this episode of the Purpose-Driven Wealth podcast as he talks with Gil Baumgarten about the Securities and Investment Industry and several key concepts to give you a unique insight into stock market investing.
Here’s what you will expect in this episode…
How Gil started: from a broker to starting his own firm.
On financial advice: difference between a broker and a fiduciary
How Segment works with Schwab, their primary custodian.
Advantages of ETF over actively managed mutual funds.
Advantage of having an advisor
Chasing hot stocks and generating losses.
The way to build wealth.
The kind of company Warren Buffet buys.
Beta versus Alpha and the correct way to look at dividends.
Talking about Gil's book
Why people are making bad decisions on buying stocks.
Understanding the market game.
Finding somebody who understands the market.
About Gil Baumgarten:
Gil Baumgarten is a 38-year veteran of the securities and investment industry. After beginning his career at the venerable EF Hutton in the early 1980s, Gil became a top producer for UBS and Smith Barney, what is today Morgan Stanley. However, Gil found Wall Street routinely emphasized its own interests over those of the client. In 2010, Gil left the brokerage world to start Segment, a fee-only firm where the interests of the client could align with the interests of the firm. The Houston Business Journal ranks Segment among the Largest Houston-Area Wealth Management Firms. In 2021, Gil published his first book, FOOLISH: How Investors Get Worked Up and Worked Over by the System.
Gil Baumgarten Links:
Segment Wealth Management: https://segmentwm.com/
FOOLISH the book: https://segmentwm.com/blog/
Gil’s Musings: https://gilbaumgarten.com/book/
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