Ep 246 Foolish, How Investors get Worked Up and Worked Over by the System with Gil Baumgarten

Foolish, How Investors get Worked Up and Worked Over by the System.

Gil Baumgarten shares the behind-the-scenes of investing and all the ways you may be losing money. As an insider, he opens the curtain and shows up how we stop being foolish with our investments.

Take away: Don't borrow money for a depreciating asset

 

Action step: A good dose of introspection is good for every investor

 

Money Learnings: Gil grew up in a situation where his family had some financial difficulties. Learned a lot about money from his wealthy friend’s father who is a prominent orthopedic surgeon.

 

Bio: Gil Baumgarten, one of the nation’s top financial advisors, is the Founder and President of Segment Wealth Management, an RIA financial advisory firm. Since its inception in 2010, Segment Wealth Management has grown to a top-ten firm in Houston, as recognized by the Houston Business Journal, with over a billion dollars in client assets under advisement. Gil is also a nine-time recipient of the Top 1,200 Financial Advisors distinction and has been ranked among the thirty-five best advisors in Texas by Barron’s. 

 

Distinctions aside, Gil’s affinity for precision and detail reveals itself in his daily life as well. He is an avid outdoorsman, award-winning woodworker, and attentive family man, friend, and colleague.

 

Highlights from this episode: Link to episode page

 

• The lessons Gil learned from the book ‘Rich Dad, Poor Dad’
• Things Gil did to teach his kids about money
• Some of the things that going on behind the scenes that people are not aware of that are essentially robbing them of their wealth
• The irrationality of humans with investing
• Gil talks about the current market conditions
• Thoughts on Index funds

https://segmentwm.com/

https://gilbaumgarten.com

 

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Some music provided by Junan from Junan Podcast

 

Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.