Summary of podcast “The Stupidest Thing You Can Do With Your Money”



This 49 minute long podcast entitled  “The Stupidest Thing You Can Do With Your Money” is about investing. I chose this podcast because I have listened to “Freakonomics” on NPR before and I am interested in investing. Essentially, the “stupid thing” has to do with active managers or financial advisers who charge fees to manage investments for people. No one knows what the Dow or stock market will do, so it is pointless and a waste of money to pay someone to manage and select investments. If everyone utilized low-cost indexing, or if everyone invested in the same areas, how would that benefit people? This was an interesting podcast about investments and worth a listen. 

This blog is part of an assignment from American Military University for my "Web 2.0 Fundamentals" class where I am to listen to and then summarize 3 different podcasts.

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